Business, 18.12.2019 04:31 nothingworksoutforme

Suppose you plan on eating 50 potato chips. as you start consuming potato chips, your marginal utility is very high, but it begins to fall slowly until you’ve eaten 10 chips. after you have eaten 10 chips, your marginal utility decreases even faster with each additional chip. marginal utility continues to decline until you’ve eaten 49 chips. the fiftieth chip does not give you any additional utility. after 50 chips, your mouth gets so salty that it is unpleasant to eat any more, so marginal utility is actually negative for those chips. how many chips should you eat in order to maximize your total utility?

a.1
b. 10
c. 49
d. 51

Answers: 3

Show answers

Other questions on the subject: Business

Business, 22.06.2019 08:00, champ1135

Why is it vital to maintain a designer worksheet? a. it separates the designs chosen for the season from those rejected by the company. b. it keeps a record of all designs created by the designer for a season. c. it charts out the development of an entire line through the season and beyond. d. it tracks the development of a design along with costing and production details. done

Answers: 1

continue

Business, 22.06.2019 11:30, wrivera32802

Leon and sara are arguing over when the best time is to degrease soup. leon says that it's easiest to degrease soup when it's boiling. sara says it's easiest to degrease soup when it's cold. who is correct? a. neither leon nor sara is correct. b. leon is correct. c. both leon and sara are correct. d. sara is correct. student b incorrect which following answer correct?

Answers: 1

continue

Business, 22.06.2019 21:00, liamgreene90

You have $5,300 to deposit. regency bank offers 6 percent per year compounded monthly (.5 percent per month), while king bank offers 6 percent but will only compounded annually. how much will your investment be worth in 17 years at each bank

Answers: 3

continue

Business, 22.06.2019 22:10, corrineikerd

Asupermarket has been experiencing long lines during peak periods of the day. the problem is noticeably worse on certain days of the week, and the peak periods are sometimes different according to the day of the week. there are usually enough workers on the job to open all cash registers. the problem is knowing when to call some of the workers stocking shelves up to the front to work the checkout counters. how might decision models the supermarket? what data would be needed to develop these models?

Answers: 2

continue

You know the right answer?

Suppose you plan on eating 50 potato chips. as you start consuming potato chips, your marginal utili...