Is lying generally illegal in the Philippines? Yes, because the law does not allow individuals to practice lying No, but there are instances when lying can land you in jail
Q: Total utility is 0 when marginal utility is 0 True/False
A: # Utility is a concept which helps us calculate the satisfaction a consumer gets when a good or…
Q: Which of the following statements is false? Group of answer choices If marginal utility is negative,…
A: Total utility is the addition of marginal utility. As long as the marginal utility is positive,…
Q: If the marginal utility from consuming the sixth unit of a product is 8 and the total utility from…
A: A consumer is a person who buys products that are produced in an economy. Consumers demand what they…
Q: The goal of the consumer is to maximize the total utility or satisfaction derived from their…
A: The total value or benefits being derived by an individual from the consumption of units of goods or…
Q: At the start of the week, Marie decides to buy a pie. Does this imply that the utility she receives…
A: Budget Organizations, Governments, and individuals utilize budgets to calculate revenue and…
Q: Scenario Between recalls on mass-produced commercial dog food and a general understanding of the…
A: The above question says that the demand for natural or organic dog food is experiencing a…
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A: The line that depicts two commodities' possible combinations that could in turn be bought with the…
Q: Many apartment-complex owners are installing water meters for each apartment and billing the…
A: Answer - Marginal Utility :- It is utility which a consumer will get by consuming one extra unit of…
Q: For Unit 4 Learning Journal, you will use the marginal utility formula to choose between two…
A: In microeconomics, the function of U {"utility"} is described as a crucial term or concept in which…
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A: In a market, consumer satisfaction can be computed using two types of economic approaches that are…
Q: Martha spends 5 hours of free time exercising and playing music per day. The table below represents…
A: Utility refers to the level of satisfaction that a consumer receives by consuming a good. A rational…
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A: Given, the demand function for muffins: P= 5-0.5Q Cost function: C(Q) =1.5Q Optimal condition: MR…
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A: Basics:- Utility can be maximized by spending all the income on consumption of two goods ( bread and…
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A: The consumer equilibrium is the state where a consumer attains the maximum utility and satisfaction…
Q: Units Consumed Total Utility Marginal Utility 0 0 — 10 93 9.3 20 10.7 30 298 40 392 50 8.8…
A: Answer: The formula to be used: MU=Change in total utility∆TUChange in units consumed∆C
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A: At Budget line:- APA+BPB=I where; A and B are two goods PA= Price of good A PB=…
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Q: True/ false Describe Since a greater utility number indicates that a consumer is better off,…
A: Utility: Utility is used to model value or value. Its use has evolved significantly over time. The…
Q: When the marginal value of eating the fifth unit of a good is 6 and the overall utility of all five…
A: value refers to the entire pleasure derived from the use of a product or service. Consumers are…
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Q: In general, as a consumer consumes more of a good or service, total utility _____ and marginal…
A: The utility(utils) is used to measure the satisfaction of a consumer receives from consuming a good.…
Q: Select the true or false for the following statement also give the explanation and support your…
A: Utility refers to the total amount of satisfaction that derived from the consumption of goods and…
Q: Quantity 0 Total Utility 0 Quantity 0 Total Utility 0
A: The additional satisfaction a customer experiences by purchasing one more unit of a good or service…
Q: Martha spends 5 hours of free time exercising and playing music per day. The table below represents…
A: Theory of diminishing marginal utility states that, with other things being equal, there would be a…
Q: Ebrima gets $3 per month as an allowance to spend any way he pleases. Because he likes only peanut…
A: Two goods or services are said to be complements for each other when the utility to be derived from…
Q: Total utility (utils) 0 80 120 148 160 155 Quantity consumed per day 0 1 2 3…
A: Quantity consumer per day Total utility (utils) 0 0 1 80 2 120 3 148 4 160 5 155
Q: Suppose Jane has $100$100 and is going to have a birthday party. She wants to order pizza and…
A: An individual make purchase of different goods and services according to his income level and the…
Q: Billy is deciding whether to watch TV at home or go spend time with his friends. If Billy decides to…
A: Trade off refers to the situation where the one should give up some amount of goods in order to gain…
Q: illustrate how this marketing tactic affects the consumer's budget set if the price of other goods…
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A: Marginal utility is the extra utility received from consuming one additional unit of the good per…
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A: Completeness of preferences mean that if a person is making a choice between two or more goods then…
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A: The New Normal Situation refers to a situation which is unusual, difficult and seems to be temporary…
Q: The American Baker’s Association reports that annual sales of bakery goods last year rose 15…
A:
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Q: Once a scale of preference is drawn, it is important that choice is made among the several…
A: Once a scale of preference is drawn, it becomes important that choice is made among the several…
Q: If marlow obtained 9 units of utility per dollar spent on apples and 6 units of utility per dollar…
A: The utility is maximized when: MU / Px = MUy / Py where MUx is the marginal utility derived from…
Q: Which of the following statements is true? Group of answer choices If the more is better assumption…
A: All of the given statements are true.
Q: Merge the two budget constraints into a single lifetime budget constraint by eliminating savings…
A: The consumption function shows the positive relationship between disposable income and consumption.…
[item no.24] (Multiple Choice) Is lying generally illegal in the Philippines?
Yes, because the law does not allow individuals to practice lying
No, but there are instances when lying can land you in jail
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- answer c)QUESTION 8 S1, S2, S3 and S4 are UIUC students who just graduated. They each have a poster of Dolly Parton that they are willing to sell. B1, 82, B3 and B4 are new students at UIUC and want to buy Dolly Parton postern for their rooms. The tables below give the minimum selling prices and maximum buying prices for each student. Minimum Selling Prices Maximum Buying Pricen X+$9 S1 $10 B1 S2 $11 B2 X+$14 S3 $20 B3 X+$16 S4 $25 B4 X+$26 If X is negative $5 (.e., Xu-$5), what is the market-clearing price? Note: Do not include the dollar sign,Prompt- Questions 1 through 6 will ask you to consider the market for antibiotics. On November 23, 2022, the New York Times published a story titled “Flu and R.S.V. Hit the Holidays, Heightening Demand for Antibiotics and Antivirals”. You do not have to read the story to understand the setup of these questions. Please, carefully read each question to understand when these changes are introduced into the initial scenario. Here is what you should focus on to complete your analysis. For this analysis, assume the antibiotic market is perfectly competitive, demand is downward-sloping, supply is upward-sloping, and production technology results in traditional U-shaped MC, ATC, and AVC Finally, for all questions, assume market price is always greater than the minimum of the AVC You will be using the same graph in all questions that require a graph (Questions 1, 3, and 5), with each question asking you to add new elements to the graph as part of your analysis. QUESTION 1- Assume that…
- Question 20 ♫ "Lemon Laws" in many areas allow purchasers of used cars to return the cars within six months if they discover problems with the cars. Why might these laws help markets for used cars be more efficient than if the laws did not exist? Selected answer will be automatically saved. For keyboard navigation, press up/down arrow keys to select an answer. 3 They take away the difference in the information that buyers and sellers have about used cars by giving buyers enough time to find out the true condition of the car. b They create a public good by providing information about used cars to everyone. They create a common resource by letting everyone know about the condition of used cars. d They force the seller to tell the buyer everything about the used car.i Xi CTA CONTI 1 2 -0.75 1.30 -1.55 1.25 As a reminder: When calculating answers, please use at least 4 decimals for intermediate calculations. 13579 3 5 4 7 5 Yi -2.50 9Q59 Assume that Cronos Group, a nondiscriminating monopolist of cannabis products finds that it can sell its 82nd unit of output for $12. We can surmise that the marginal Multiple Choice revenue of the 82nd unit is less than $12. revenue of the 82nd unit is also $12. revenue of the 82nd unit is greater than $12. cost of the 82nd unit is also $12. cost cannot be calculated from the data given.
- Table 22-21 Three longtime friends-Linda, Stella, and Lydia are deciding how they will spend their Sunday afternoon. They all agree that they should do one of the three things: go to a comedy club, play soccer, or go to a tennis tournament. They also agree that they will have two pairwise votes to determine how to spend their afteroon, with the majority determining the outcome on each vote. The first, second, and third choices for each person are as indicated in the following table. First choice Second choice Third choice Linda tennis tournament soccer comedy club Stella soccer comedy club tennis tournament Lydia comedy club tennis tournament soccer Refer to Table 23-2. If (1) the first vote pits "tennis tournament" against "comedy club," and (2) the second vote pits "soccer against the winner of the first vote, then the outcome is as follows: ⒸA "Tennis tournament" wins the first vote and "tennis tournament" wins the second vote, so they go to a tennis tournament OB. "Tennis…Dataware is trying to determine whether to give a $10 rebate, cut the price $6, or have no price change on a software product. Currently, 40,000 units of the product are sold each week for $45 apiece. The variable cost ofthe product is $5. The most likely case appears to bethat a $10 rebate will increase sales 30%, and half of all people will claim the rebate. For the price cut, the most likely case is that sales will increase 20%.a. Given all other assumptions, what increase in sales from the rebate would make the rebate and price cut equally desirable?b. Dataware does not really know the increase in sales that will result from a rebate or price cut. However, the company is sure that the rebate will increase sales by between 15% and 40% and that the pricecut will increase sales by between 10% and 30%.Perform a sensitivity analysis that could be used to help determine Dataware’s best decision.(please select the correct answer)
- Philippine Population 110M Urban Population 51.2% of PH Multi-unit Residential Population11.9% of Urban Population If usage is 2 bottles per day and each bottle is Php12.00… What is the market size (value) per quarter for bottled water for the urban population? What is the market size (units) per quarter for those living in multi-unit residential areas?PLEASE ONLY ANSWER THE LAST PART OF THE QUESTION! (As you can see I have already answered the first two parts)Answer 5.4 only