Business, 07.10.2019 17:30 IsoSaysHi

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 from the fifth movie is 4040 and your marginal utility from the fifth cd is 7272. are you maximizing utility? you are
a. not maximizing utility because the price of movies is not equal to the price of cds.
b. not maximizing utility because the marginal utility of movies is not equal to the marginal utility of cds.
c. maximizing utility because you are consuming an equal number of movies and cds.
d. not maximizing utility because the marginal utility per dollar spent on movies is not equal to the marginal utility per dollar spent on cds.
e. maximizing utility because you are spending all of your entertainment budget.

Answers: 2

Show answers

Another question on Business

Business, 22.06.2019 08:40

Which of the following statements is true regarding the reporting of outside interests and the management of conflicts? investigators are responsible for developing their own management plans for significant financial interests. the institution must report identified financial conflicts of interest to the u.s. office of research integrity. investigators must disclose their significant financial interests related to their institutional responsibilities and not just those related to a particular project. investigators must disclose all of their financial interests regardless of whether they are related to a research project.

Answers: 3

Answer

Business, 22.06.2019 14:30

The state in which the manufacturing company you work for is located regulates the presence of a particular substance in the environment to concentrations ≤ x. recently-released, reliable research endorsed by the responsible federal agency conclusively demonstrates that the substance poses no risks at concentrations up to 5x. your company has asked you to consider designing a new process with a waste discharge stream containing up to 2x of the substance. based on the stated conditions, describe this possible.

Answers: 2

Answer

Business, 22.06.2019 20:30

What talent or skill do u wish too develop for yourself

Answers: 1

Answer

Business, 22.06.2019 22:30

Rahm's credit card issuer calculates interest based on the outstanding balance at the end of the last billing period. what is this method of calculating interest on a credit card called?

Answers: 2

Answer

You know the right answer?

Suppose you have a monthly entertainment budget that you use to rent movies and purchase cds. you cu...

Questions