Business, 14.03.2020 06:01 shelbybibb99

Steve is shopping with his girlfriend, Jane. They already have a tomato in their shopping cart. Jane says to him: "Should we buy another one, or is one enough?" Steve replies: "I'm not sure the utility we'd get from an additional tomato is worth the price." Steve's use of the word "utility" rang a bell for Jane, who had taken an economics class. "So what you're basically saying is that because of the law of , we're not likely to get as much enjoyment out of an additional tomato as we will from this one? Are you sure we should even buy this one?" Steve replies: "Absolutely! It's not about whether buying another tomato wouldn't increase our utility—it would—just not by enough to be worth the price." Jane smiles sweetly at him, and they hold hands as they wander through the rest of the produce section.

Answers: 1

Show answers

Another question on Business

Business, 22.06.2019 09:30

Oliver's company is planning the launch of their hybrid cars. the company has included "never-before-seen" product benefits in the hybrid cars. which type of advertising should oliver's company use for the new cars?

Answers: 1

Answer

Business, 22.06.2019 09:50

The returns on the common stock of maynard cosmetic specialties are quite cyclical. in a boom economy, the stock is expected to return 22 percent in comparison to 9 percent in a normal economy and a negative 14 percent in a recessionary period. the probability of a recession is 35 percent while the probability of a boom is 10 percent. what is the standard deviation of the returns on this stock?

Answers: 2

Answer

Business, 22.06.2019 21:20

Label each of the following statements true, false, or uncertain. explain your choice carefully. a. workers benefit equally from the process of creative destruction. b. in the past two decades, the real wages of low-skill u.s. workers have declined relative to the real wages of high-skill workers. c. technological progress leads to a decrease in employment if, and only if, the increase in output is smaller than the increase in productivity. d. the apparent decrease in the natural rate of unemployment in the united states in the second-half of the 1990s can be explained by the fact that productivity growth was unexpectedly high during that period.

Answers: 3

Answer

Business, 22.06.2019 22:00

Gyou are in charge of making the work schedule for the next two weeks. typically this is not a difficult task as you work at a routine 8am – 5pm company. however, over the next two weeks you are required to schedule someone to be in the office each saturday. after contemplating this for a few days you make the schedule and assignments. before posting the schedule for everyone you decide that it is a good idea to meet personally with the two people you have scheduled to work the weekend. what do you say to them? what is your desired outcome?

Answers: 3

Answer

You know the right answer?

Steve is shopping with his girlfriend, Jane. They already have a tomato in their shopping cart. Jane...

Questions