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Alex
2 years ago
10

After eating four slices of pizza, you are offered a fifth slice for free. You turn down the fifth slice.

Business
1 answer:
Nadusha1986 [10]2 years ago
3 0

Answer:

The correct answer is letter "D": marginal utility is positive for the 4th slice and negative for the 5th slice.

Explanation:

Marginal Utility refers to the additional benefit or satisfaction gained from consuming one more unit of a good or service. In economics, something has utility if it satisfies any consumer wants or needs whether for usefulness or pleasure. It is a subjective term.

If the marginal utility is positive, consumers would want to acquire more of the good or service but if negative they will stop consuming it. Thus, the marginal utility for the 4th pizza slice is positive but the marginal utility for the 5th slice is negative.

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A consumer lives on a diet of solely steak and potatoes. Her budget is ​$30 for every 10 days and she must buy enough potatoes t
Alja [10]

Answer:

Total= 20 potatoes + 2 steaks

Explanation:

Giving the following information:

Her budget is ​$30 for every 10 days and she must buy enough potatoes to eat at least 2 potatoes per day. If a potato costs ​$0.50 and the price of a steak is ​$10.

2 potatoes a day= 0.5*2= 1

Consumption of potatoes= 10 days*$1= $10

Consumption of steak= 30 - 10= 20/10= 2 steaks.

Total= 20 potatoes + 2 steaks

5 0
2 years ago
Sparkling Valley, a luxury resort, prices cottages facing the lake higher than cottages that do not, even though the cottages an
kicyunya [14]

Answer:

Location grounded pricing

Explanation:

Location grounded pricing is the term which is defined as the prices of the items at the location level or at the company. This method of pricing let the business to define the different price base for the same item or product at different locations of inventory.

In short, it is defined as when the business change the price base of the product or item at one location, it will affect the price base at other locations.

So, in this case, the resort, set the price base for cottages facing the lake higher than those of cottages which do not face lake. Therefore, it kind of pricing is referred to as the location based pricing.

6 0
2 years ago
Which website would you visit to prepare a PROFILE
alexdok [17]
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4 0
2 years ago
Read 2 more answers
__________ is a specialized accounting book, where transactions are categorized according to type. for example, all utility tran
Margarita [4]
The ans is a balanced sheet it the only acounting document that categorizes data

6 0
2 years ago
Read 2 more answers
Scottish Company manufactures a variety of toys and games. John Chisholm, president, is disappointed in the sales of a new board
Schach [20]

Answer:

c. $110,000

Explanation:

The computation of profit (loss) from Option One is shown below:-

Profit (loss) from Option One =  Sold unit × (Cut the price - Variable cost) - Fixed cost

=  15,000 × ($70 - $56) - $100,000

= 15,000 × $14 - $100,000

= $210,000 - $100,000

= $110,000

Therefore for computing the profit (loss) from Option One we simply applied the above formula.

4 0
2 years ago
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