Business, 12.03.2020 22:04, daynafish13
Is Ginny currently maximizing her utility? No; she could buy less salsa and more guacamole, not spend any more money, and be better off. No; she likes salsa and guacamole more than other goods, so she should buy more of both. No; she could buy more salsa and less guacamole, not spend any more money, and be better off. Yes; the marginal utility she receives from her last jar of guacamole equals that of her last jar of salsa. For each of the following combinations of guacamole and salsa, calculate the marginal utility per dollar from the last jar of guacamole and the last jar of salsa. Then, use the dropdown menus in the last column to indicate which of the combinations satisfy the condition for consumer equilibrium. Combination Guacamole Salsa Consumer Equilibrium? (Jars per Month) MUGPGMUGPG (Jars per Month) MUSPSMUSPS A 100 100 B 75 50 C 125 100 D 25 25 Suppose Ginny has a "snack budget" of $395 per month, which she spends on guacamole and salsa. To maximize her utility, Ginny will purchasejars of guacamole andjars of salsa per month.
Answers: 2
Other questions on the subject: Business
Business, 22.06.2019 05:30, 2023greenlanden
The hartman family is saving $400 monthly for ronald's college education. the family anticipates they will need to contribute $20,000 towards his first year of college, which is in 4 years .which best explain s whether the family will have enough money in 4 years ?
Answers: 1
Business, 22.06.2019 16:00, bossboybaker
Analyzing and computing accrued warranty liability and expense waymire company sells a motor that carries a 60-day unconditional warranty against product failure. from prior years' experience, waymire estimates that 2% of units sold each period will require repair at an average cost of $100 per unit. during the current period, waymire sold 69,000 units and repaired 1,000 units. (a) how much warranty expense must waymire report in its current period income statement? (b) what warranty liability related to current period sales will waymire report on its current period-end balance sheet? (hint: remember that some units were repaired in the current period.) (c) what analysis issues must we consider with respect to reported warranty liabilities?
Answers: 1
Business, 22.06.2019 19:30, darkremnant14
Problem page a medical equipment industry manufactures x-ray machines. the unit cost c (the cost in dollars to make each x-ray machine) depends on the number of machines made. if x machines are made, then the unit cost is given by the function =cx+−0.3x2126x31,935 . how many machines must be made to minimize the unit cost?
Answers: 3
Do you know the correct answer?
Is Ginny currently maximizing her utility? No; she could buy less salsa and more guacamole, not spen...
Questions in other subjects:
Social Studies, 04.07.2021 04:50
English, 04.07.2021 04:50
Mathematics, 04.07.2021 04:50
