subject
Business, 05.03.2020 23:01 5924000264

Basil is maximizing his utility from consuming tea and crumpets. If the marginal utility of the last crumpet was 32 units of utility and the prices of tea and crumpets are 4 and 8, respectively, what was the marginal utility of the last cup of tea Basil consumed?
a. 2 units of utility
b. 12 units of utility
c. 6
d. 128 units of utility
e. 16 units of utility

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 01:40
Costs of production that do not change when output changes.question 17 options: total revenuefixed incometotal costfixed cost
Answers: 1
question
Business, 22.06.2019 04:50
Allie and sarah decided that they want to purchase renters insurance for the apartment they share. they made a list of all of the items to be covered by the insurance policy, along with their estimated values. if the items to be covered total more than $3000, the insurance company charges an annual premium of 23% of the total value of the items. if the items to be covered total $3000 or less, the insurance company charges an annual premium of 20% of the total value of the items.
Answers: 1
question
Business, 22.06.2019 10:30
What are the positive environmental trends seen today? many industries are taking measures to reduce the use( _gold,carbon dioxide,ozone_) of -depleting substances and are turning to(_scarce,renewable,non-recyclable_) energy sources though they may seem expensive. choose one of those 3 option to fill the
Answers: 3
question
Business, 22.06.2019 14:00
How many months does the federal budget usually take to prepare
Answers: 1
You know the right answer?
Basil is maximizing his utility from consuming tea and crumpets. If the marginal utility of the last...
Questions
question
Health, 22.07.2019 10:00
question
Advanced Placement (AP), 22.07.2019 10:00
question
Mathematics, 22.07.2019 10:00
Questions on the website: 13722363