Answer: A
Suppose that the last dollar that Victoria receives as income
brings her a marginal utility of 10 utils while the last dollar that
Fredrick receives as income brings him a marginal utility of
15 utils. If our goal is to maximize the combined total utility of
Victoria and Fredrick, we should
a. Redistribute income from Victoria to Frederick
b. Redistribute income from Fredrick to Victoria
c. Not engage in any redistribution because the current situation already maximizes total utility
d. None of the above
Step-by-step explanation:
Marginal utility is the added satisfaction derived from consuming an additional unit of a good or service. In the above question, Fredrick derives more satisfaction from his last dollar than Victoria, and will therefore achieve a higher marginal utility with additional income than Victoria does with her current income. If we want to maximize the combined utility, we should redistribute income from Victoria to Fredrick.
The logic behind this is the diminishing marginal utility. The first unit of a good consumed gives the highest level of satisfaction, marginal utility reduces with additional units consumed. In the same way, when we spend our income, we purchase the things that give us the maximum satisfaction first.
.
Answer:
6
Step-by-step explanation:
cancel out 5 by multiplying its by 5, what you do to one side you do to the other. so you also multiply 12 by 5. and you should get 60
Answer:
This would be shifted down 8 and made 3 times less steep.
Step-by-step explanation:
In order to determine these transformations, we first need to compare the constants at the end. This will determine the up or downward shift. Since the f(x) is 5 and the g(x) is -3, we know that it went down 8.
Next we compare the coefficients of x. Since the f(x) is 6 and the g(x) is 2, we know that it is 3 times less steep.
Assuming it's 7, 2, and 31, you can set up (31+7)/2 is the amount that Carlos scored, which is 38/2 or 19.
Answer:
15, 22, 88
Step-by-step explanation:
I assume you mean the second number is 7 more than the first. Write the system of equations:
x + y + z = 125
y = x + 7
z = 4y
Substitute the third equation into the first.
x + y + 4y = 125
x + 5y = 125
Substitute the second equation.
x + 5(x + 7) = 125
6x + 35 = 125
6x = 90
x = 15
Solve for the other variables.
y = 22
z = 88
