subject
Business, 28.02.2020 20:22 evelyng58

Suppose you have a monthly entertainment budget that you use to rent movies and purchase CDs. You currently use your income to rent 5 movies per month at a cost of $5.00 per movie and to purchase 5 CDs per month at a cost of $10.00 per CD. Your marginal utility from the fifth movie is 50 and your marginal utility from the fifth CD is 96. Are you maximizing utillty? You are ? A. maximizing utility because you are consuming an equal number of movies and CDs B. not maximizing utility because the marginal utility per dollar spent on movles is not equal to the marginal utility per dollar spent on CDs C. not maximizing utility because the marginal utity of movies is not equal to the marginal utility of CDs. D. maximizing utility because you are spending all of your entertalnment budget. E, not maximizing utility because the price of movies is not equal to the price of CDs.

ansver
Answers: 3

Another question on Business

question
Business, 22.06.2019 08:30
In risk management, what does risk control include? a. risk identification b. risk analysis c. risk prioritization d. risk management planning e. risk elimination need this answer now : (
Answers: 3
question
Business, 22.06.2019 17:30
Communication comes in various forms. which of the following is considered an old form of communication? a) e-mail b) letter c) skype d) texting
Answers: 2
question
Business, 22.06.2019 18:00
Your subscription to investing wisely weekly is about to expire. you plan to subscribe to the magazine for the rest of your life, and you can renew it by paying $85 annually, beginning immediately, or you can get a lifetime subscription for $620, also payable immediately. assuming that you can earn 6.0% on your funds and that the annual renewal rate will remain constant, how many years must you live to make the lifetime subscription the better buy?
Answers: 2
question
Business, 23.06.2019 01:20
Boxes of honey nut oatmeal are produced to contain 16.0 ounces, with a standard deviation of 0.20 ounce. for a sample size of 49, the 3-sigma -x chart control limits areupper control limit (ucl-x) = ounceslower control limit =(lcl=max
Answers: 1
You know the right answer?
Suppose you have a monthly entertainment budget that you use to rent movies and purchase CDs. You cu...
Questions
question
Mathematics, 02.05.2021 20:20
question
Mathematics, 02.05.2021 20:30
Questions on the website: 13722363