If apples cost $3 per pound and bananas cost $5 per pound, how many pounds of bananas should bill buy if he wants to maximize his utility and he has $31 to spend?

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27-07-2022
Business

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If apples cost $3 per pound and bananas cost $5 per pound, how many pounds of bananas should bill buy if he wants to maximize his utility and he has $31 to spend?

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rafikiedu04 rafikiedu04 · Answer 1 · 2022-08-06T12:25:58+02:00

3.0 The marginal utility of the 4th pound of apples is 9 (54-45), and the price of apples is $3 per pound; therefore, the marginal utility per dollar spent is 3 (9/$3 = 3).

The written or printed margins on the margins of a page or sheet. 2a: of, relating to or situated on an edge or boundary. b: Not of Central Importance Views violence as a peripheral rather than a central issue: Limited in scale, importance, or status, and marginal business success.

This principle takes into account the company's goal of maximizing profits, and a decision is said to be reasonable and rational if it leads to increased profits. This happens in one of two scenarios.

Limit just means what happens. That is, a grade very close to the minimum passing grade. Marginal means that it just happens. That is, a grade very close to the minimum passing grade. limit just means what happens

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