Adhira buys chocolates and almonds. She has 3 bars of chocolates and 4 bags of almonds. The marginal utility of the third chocolate bar is 18 of marginal utility and the marginal utility from the fourth bag of almonds is also 18. Is Adhira maximizing her utility? A. Yes, the marginal utility from the last unit of each good is equal. B. No, she must cut back to 3 bags of almonds to equate her quantities of the two goods. C. No, she must buy 1 more chocolate bar to equate her quantities of the two goods. D. No, without information on her income and the prices of the two goods, we cannot answer the question.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Adhira buys chocolates and almonds. She has 3 bars of chocolates and 4 bags of almonds. The marginal utility of the third chocolate bar is ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Is the yield to maturity on a bond the same thing as the required return?
Answers (1)
Barkley Company has a piece of equipment that it has been depreciating for 3 years. The equipment originally was estimated to have a useful life of 8 years and at the beginning of the current year, Barkley determines that the equipment's life has
Answers (1)
Fuqua Company's sales budget projects unit sales of part 198Z of 10,100 units in January, 12,600 units in February, and 13,700 units in March. Each unit of part 198Z requires 3 pounds of materials, which cost $4 per pound.
Answers (1)
Discuss how either good or poor quality affects you personally as a customer. Give specific examples and describe an experience in which your expectations were met exceeded. or not met when you purchased goods or services.
Answers (1)
In order to summarize data in a report and override the sort order of the record source you would use:
Answers (1)
New Questions in Business
Keithomp, a company that manufactures and exports candies, sells different flavors of candy depending on the taste preferences of the country that it supplies to.
Answers (1)
Kane Company's employees earn vacation time at the rate of 1 hour per 40-hour work period. The vacation pay vests immediately (that is, an employee is entitled to the pay even if employment terminates).
Answers (1)
Digg Co. installs a manufacturing machine in its factory at the beginning of the year at a cost of $36,000. The machine's useful life is estimated at 10 years, or 300,000 units of product, with a $6,000 salvage value.
Answers (1)
Which of the following actions will likely cause a project to fail? A) dedicating valuable team member time to identify risk events B) spending project funding to procure needed tools and spare parts C) unclear or conflicting stakeholder
Answers (1)
Mcgregor company allows customers to pay with credit cards. the credit card company charges mcgregor 2% of the sale. when a customer uses a credit card to pay mcgregor $300 for services provided, mcgregor would:
Answers (1)