Jeremy's level of satisfaction from consuming the first cookie was 25 utils. The second cookie increased the level of satisfaction by 20 utils. Jeremy's total level of satisfaction after three cookies was 60. Thus, the marginal utility for the third cookie is:a. 15. b. 60. c. 45. d. 25.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Jeremy's level of satisfaction from consuming the first cookie was 25 utils. The second cookie increased the level of satisfaction by 20 ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
If tommy has two polo shirts and one gets stained and he throws it away how much polo shirts is he left with?
Answers (1)
When using a static budget, a : the actual results are always compared with budget data at the original budgeted activity level. b : it is important to select an activity index and a relevant range of activity.
Answers (1)
Prepare the journal entries for the following transactions for Morgan Co. (a) Morgan Co. purchased 23,000 shares of the total of 100,000 outstanding shares of Gordon Corp. stock for $10 per share plus a $400 commission. (b) Gordon Corp.
Answers (1)
Given the following data for the Sheridan Company: Current liabilities $ 510 Long-term debt 340 Common stock 600 Retained earnings 1050 Total liabilities & stockholders' equity $2500 How would common stock appear on a common size balance sheet?
Answers (1)
IZ Most regulatory signs are O O O O A. octagonal and red or white B. circular and blue or green C. rectangular and red or white D. rectangular and yellow
Answers (1)
New Questions in Business
For most firms, the major difference between accounting profit and economic profit is that a. accounting profit omits the salaries of managers, and therefore, it is generally greater than economic profit. b.
Answers (1)
Fuzzy Monkey Technologies, Inc., purchased as a long-term investment $220 million of 8% bonds, dated January 1, on January 1, 2021. Management intends to have the investment available for sale when circumstances warrant.
Answers (1)
Messersmith Company is constructing a building. Construction began in 2020 and the building was completed 12/31/20. Messersmith made payments to the construction company of $3000000 on 7/1, $6300000 on 9/1, and $6000000 on 12/31.
Answers (1)
A client in the 28 percent marginal tax bracket is comparing a municipal bond that offers a 4.8 percent yield to maturity and a similar risk corporate bond that offers a 6.55 percent yield. Which bond will give the client more profit after taxes
Answers (1)
Total fixed costs for Taylor Incorporated are $ 240 comma 000. Total costs, including both fixed and variable, are $ 400 comma 000 if 171 comma 000 units are produced. The variable cost per unit is A. $ 3.74 /unit. B. $ 1.40 /unit. C. $ 0.94 /unit.
Answers (1)