User Account

All Pages

Marginal utility of the last orange consumed

Assignment Help Business Economics
Reference no: EM131586809

Steve consumes oranges and peanut butter sandwiches and is currently maximizing his utility. The price of an orange is $0.75 and the price of a peanut butter sandwich is $2.50. If the marginal utility of the last peanut butter sandwich consumed is 30, then what is the marginal utility of the last orange consumed?

Reference no: EM131586809

Questions Cloud

How fiscal and monetary policy can influence economic growth : Develop a 1,500 to 2,000-word economic outlook forecast. Discuss how fiscal and monetary policies can influence economic growth, unemployment, and inflation.
Calculate total dollars generated from the dividend income : Calculate the total dollars generated from the dividend income.
Explain what has worked well and what you have accomplished : Explain what has worked well and what you have accomplished and make suggestions for improvements
Determine specimens the storage coordinator has processed : "Wait a minute! The tag says 20,449, and I'm sure it was a much smaller number before. Wasn't it supposed to be 59?"
Marginal utility of the last orange consumed : If the marginal utility of the last peanut butter sandwich consumed is 30, then what is the marginal utility of the last orange consumed?
Few consecutive spins of black on roulette wheel makes black : A gambler who thinks a few consecutive spins of black on the roulette wheel makes black a more likely outcome than red on the next spin is an example of
The challenges to becoming transformational : Why does Ulrich say that 20% of HR professionals will never become transformational or contribute in a transformational way?
Analyze the proposal & provide your unique perspective : Analyze the proposal & provide your unique perspective. Explain "voluntary association" & why it is essential in a free market.
Discuss the parts of the speech analysis tool : Discuss the parts of the speech analysis tool that are clear to you

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd