9. melika spends all of her income on magazines and carry-out lunches. the price of a magazine is $5, and the price of a carry-out lunch is $7. at the current consumption bundle, the marginal utility of magazines is 10, and the marginal utility of carry-out lunches is 21. assuming that diminishing marginal utility applies to both goods, to maximize utility given her income, melika should: a. increase her consumption of magazines and decrease her consumption of carry-out lunches.
b. consume equal amounts of magazines and carry-out lunches.
c. increase her consumption of carry-out lunches and decrease her consumption of magazines.
d. continue to consume the current bundle.

Option C (increase her consumption of carry-out lunches and decrease her consumption of magazines) is the correct answer.

Explanation:

The marginal utility offered by carryout lunches is higher than the marginal utility provided by the use of magazines in proportion to the total spending required on them respectively. Melika will be able to derive maximum utility if she increases her consumption of carry-out lunches as the loss from decrease in the consumption of magazines will be compensated by the higher use of carry-out lunches.

(i know i'm late but the answer's "things about yourself" because you want to list things you're capable of, why you want to open up the business, the amount of money you're putting into it,etc.) i'm guessing you take online school small business, the answers to the quizzes are all over quizlet. just look up your question and type quizlet after it and it'll pop up.

1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know