subject
Business, 03.03.2020 02:00 juliannabartra

Felix lives in Philadelphia and loves to eat desserts. He spends his entire weekly allowance on jello and pie. A bowl of jello is priced at $1.00, and a piece of pecan pie is priced at $3.00. At his current consumption point, Felix's marginal rate of substitution (MRS) of jello for pie is 5. This means that Felix is willing to trade five bowls of jello per week for one piece of pie per week.
1. Does Felix's current bundle maximize his utility—in other words, make him as well off as possible? If not, how should he change it to maximize his utility?

ansver
Answers: 3

Other questions on the subject: Business

image
Business, 22.06.2019 05:30, tommyaberman
Sally is buying a home and the closing date is set for april 20th. the annual property taxes are $1,234.00 and have not been paid yet. using actual days, how much will the buyer be credited and the seller be debited
Answers: 2
image
Business, 22.06.2019 16:40, krystalsozaa
Determining effects of stock splits oracle corp has had the following stock splits since its inception. effective date split amount october 12, 2000 2 for 1 january 18, 2000 2 for 1 february 26, 1999 3 for 2 august 15, 1997 3 for 2 april 16, 1996 3 for 2 february 22, 1995 3 for 2 november 8, 1993 2 for 1 june 16,1989 2 for 1 december 21, 1987 2 for 1 march 9, 1987 2 for 1 a. if the par value of oracle shares was originally $2, what would oracle corp. report as par value per share on its 2015 balance sheet? compute the revised par value after each stock split. round answers to three decimal places.
Answers: 1
image
Business, 22.06.2019 19:50, ahoney2233
Statistical process control charts: a. indicate to the operator the true quality of material leaving the process. b. display upper and lower limits for process variables or attributes and signal when a process is no longer in control. c. indicate to the process operator the average outgoing quality of each lot. d. display the measurements on every item being produced. e. are a graphic way of classifying problems by their level of importance, often referred to as the 80-20 rule.
Answers: 2
image
Business, 23.06.2019 11:30, eloqit3338
You have collected the company performance data below for acme shoes and brand x
Answers: 1
You know the right answer?
Felix lives in Philadelphia and loves to eat desserts. He spends his entire weekly allowance on jell...

Questions in other subjects:

Konu
Mathematics, 11.03.2021 20:50
Konu
Social Studies, 11.03.2021 20:50
Konu
Mathematics, 11.03.2021 20:50