Five consumers have the following marginal utilities of apples and pears: consumer marginal utility of apples marginal utility of pears manuel 8 10 poornima 7 16 shen 6 12 valerie 5 9 antonio 4 8 the price of an apple is $1, and the price of a pear is $2. which, if any, of these consumers are optimizing over their choice of fruit? check all that apply.
Answers: 1
Business, 21.06.2019 21:00
Upscale hotels in the united states recently cut their prices by 20 percent in an effort to bolster dwindling occupancy rates among business travelers. a survey performed by a major research organization indicated that businesses are wary of current economic conditions and are now resorting to electronic media, such as the internet and the telephone, to transact business. assume a company's budget permits it to spend $5,000 per month on either business travel or electronic media to transact business. graphically illustrate how a 20 percent decline in the price of business travel would impact this company's budget set if the price of business travel was initially $1,000 per trip and the price of electronic media was $500 per hour. suppose that, after the price of business travel drops, the company issues a report indicating that its marginal rate of substitution between electronic media and business travel is 1. is the company allocating resources efficiently? explain.
Answers: 1
Business, 23.06.2019 07:00
Which (if any) of the following scenarios is the result of a natural monopoly? instructions: you may select more than one answer. a. patent holders of genetically modified seeds are permitted to sue farmers who save seeds from one planting season to the next. b. doctors in the united states are prohibited from practicing without a medical license. c. there is one train operator with service from baltimore to philadelphia. d. coal is used as the primary energy in a country with abundant coal deposits.
Answers: 1
Business, 23.06.2019 08:40
Suppose a movie theater determines it can charge different prices to patrons who go to weekday matinees and people who attend evening and weekend shows . the movie theater's goal is to increase total revenue. the price elasticity of demand for weekend and evening patrons is -0.40, and the price elasticity of demand for matinee moviegoers is -1.90. based on the price elasticity of demand for each group of people, how should the movie theater adjust its prices?
Answers: 3
Five consumers have the following marginal utilities of apples and pears: consumer marginal utility...
Mathematics, 19.08.2021 20:50
Mathematics, 19.08.2021 20:50
Mathematics, 19.08.2021 20:50
Physics, 19.08.2021 20:50
English, 19.08.2021 20:50
History, 19.08.2021 20:50
Physics, 19.08.2021 20:50
Computers and Technology, 19.08.2021 20:50
Mathematics, 19.08.2021 20:50
Social Studies, 19.08.2021 20:50
English, 19.08.2021 20:50
Biology, 19.08.2021 20:50
Mathematics, 19.08.2021 20:50
Mathematics, 19.08.2021 20:50