Business, 30.03.2021 21:00, haileysolis5
The tables show the utility Parker experienced from consuming varying quantities of waffles and pancakes. Assume that waffles cost $2.00 each, pancakes cost $1.00 each, and that Parker has $8.00 to spend on these two goods. Since Parker cannot afford more than four waffles or eight pancakes, the utility is given only for quantities smaller than these.
Quantity of waffles Total utility of waffles Marginal utility of waffles
1 100 100
2 180 80
3 240 60
4 270 30
Quantity of pancakes Total utility of pancakes Marginal utility of pancakes
1 40 40
2 70 30
3 90 20
4 105 15
5 115 10
6 120 5
7 123 3
8 125 2
Required:
Given his budget constraint, determine what quantities of waffles and pancakes Parker will consume to maximize utility.
Answers: 3
Business, 22.06.2019 20:20, chem1014
Digitalhealth electronics inc. is a company that builds diagnostic devices. it was the first company to develop a compact mri scanner by reconfiguring the components of the mri technology. this smaller and user-friendly version of the huge mri scanner created demand from small hospitals, nursing homes, and private practice doctors who were earlier dependent on the scanning machines in large hospitals. which of the following types of innovations does this scenario best illustrate? a. disruptive innovation b. incremental innovation c. radical innovation d. architectural innovation
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As a general rule, when accountants calculate profit they account for explicit costs but usually ignorea. certain outlays of money by the firm. b. implicit costs. c. operating costs. d. fixed costs.
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What is an example of a functional organizational structure?
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The tables show the utility Parker experienced from consuming varying quantities of waffles and panc...
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