subject
Business, 28.07.2021 16:50 anthonybowie99

There are only two brands of tennis balls Tom purchases: "Wilson" and "Penn." The more he purchases of a ball, the lower the marginal utility of that ball. He spends all of his income and his marginal utility of a "Wilson" is 6 and his marginal utility of an "Penn" is 12. The price of a "Wilson" ball is $1 and the price of an "Penn" is $2. Which of the statements is true based on the above information? A) Tom could increase his satisfaction by trading "Wilson" for "Penn."
B) In equilibrium, Tom must give up three "Penn" balls for two "Wilson" balls.
C) Tom would be willing to give up two "Penn" balls for one "Wilson" ball.
D) Tom can increase his satisfaction by doing nothing

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 11:10
Post test question number 9 for entering the job market
Answers: 1
question
Business, 23.06.2019 02:10
Which of the following best describes what production accomplishes? a. efficient use of natural resources. b. a reduction in the size of the labor force. c. an increase in supply that lowers prices. d. value added to resources that already exist.
Answers: 1
question
Business, 23.06.2019 02:50
Three years ago, stock tek purchased some five-year macrs property for $82,600. today, it is selling this property for $31,500. how much tax will the company owe on this sale if the tax rate is 34 percent? the macrs allowance percentages are as follows, commencing with year 1: 20.00, 32.00, 19.20, 11.52, 11.52, and 5.76 percent.
Answers: 1
question
Business, 23.06.2019 06:50
Which of the following does not use any type of computer code in their work? a. web designer b. database administrator c. information security d. computer user support
Answers: 2
You know the right answer?
There are only two brands of tennis balls Tom purchases: "Wilson" and "Penn." The more he purchases...
Questions
question
Mathematics, 19.12.2019 17:31
Questions on the website: 13722367