Business, 18.12.2019 04:31 nothingworksoutforme

Suppose you plan on eating 50 potato chips. as you start consuming potato chips, your marginal utility is very high, but it begins to fall slowly until you’ve eaten 10 chips. after you have eaten 10 chips, your marginal utility decreases even faster with each additional chip. marginal utility continues to decline until you’ve eaten 49 chips. the fiftieth chip does not give you any additional utility. after 50 chips, your mouth gets so salty that it is unpleasant to eat any more, so marginal utility is actually negative for those chips. how many chips should you eat in order to maximize your total utility?

a.1
b. 10
c. 49
d. 51

Answers: 3

Show answers

Another question on Business

Business, 22.06.2019 17:30

Fabian got into an accident on his way to work. he had multiple fractures in his leg. his doctor advised strict bed rest for at least three months.fabian is a freelance wildlife photographer who usually works on a contract basis, and this is his primary source of income. before the accident, fabian was planning his finances. which goal of his financial plan would fabian in getting through without pay for the next three months? the goal that requires the creation of a/an would fabian get through the next three months without pay.

Answers: 1

Answer

Business, 22.06.2019 19:00

Lucy is catering an important luncheon and wants to make sure her bisque has the perfect consistency. for her bisque to turn out right, it should have the consistency of a. cold heavy cream. b. warm milk. c. foie gras. d. thick oatmeal.

Answers: 3

Answer

Business, 22.06.2019 23:30

Miller company’s most recent contribution format income statement is shown below: total per unit sales (20,000 units) $300,000 $15.00 variable expenses 180,000 9.00 contribution margin 120,000 $6.00 fixed expenses 70,000 net operating income $ 50,000 required: prepare a new contribution format income statement under each of the following conditions (consider each case independently): (do not round intermediate calculations. round your "per unit" answers to 2 decimal places.) 1. the number of units sold increases by 15%.

Answers: 1

Answer

Business, 23.06.2019 00:00

Which of the following statements is true about an atm card?

Answers: 1

Answer

You know the right answer?

Suppose you plan on eating 50 potato chips. as you start consuming potato chips, your marginal utili...

Questions

Business, 05.05.2020 08:29

Instruction 16.1: Use the information to answer the following question(s). Cypress Systems Inc., of Florida, agrees to sell specialized hydroponic gro...