Jon enjoys fishing (which costs $20) and golf (which costs $30) and has $140 to spend each month on these activities. Last month, Jon fished four times and golfed twice. The last fishing outing provided Jon a marginal utility of 50, and the last round of golf provided a marginal utility of 120. What is Jon's marginal utility per dollar spent on the last time fishing

Answers

Answer 1

Answer:

Fishing - 2.5 and Golfing - 4

Explanation:

Calculation to determine What is Jon's marginal utility per dollar spent on the last time fishing and golf

Last fishing outing produced =50 / $20

Last fishing outing produced = 2.5 units of utility per dollar.

Last round of golf provided= 120 / $30

Last round of golf provided= 4 units of utility per dollar

Therefore Jon's marginal utility per dollar spent on the last time fishing and golf is Fishing - 2.5 and Golfing - 4


Related Questions

Name any FIVE causes of stress in the workplace​

Answers

Answer:

1. long hours

2. tight deadlines

3. heavy workload

4. changes to duties

5. job insecurity

Spackel Corporation recorded the following events last year: Issuance of shares of the company's own common stock $ 380,000 Purchase of long-term investment $ 40,000 Dividends paid to the company's own shareholders $ 18,000 Cash paid to suppliers for inventory purchases $ 12,000 Repayment of principal on the company's own bonds $ 370,000 Interest paid to lenders $ 6,000 Collection by Spackel of a loan made to another company $ 110,000 Purchase of equipment $ 350,000 On the statement of cash flows, some of these events are classified as operating activities, some are classified as investing activities, and some are classified as financing activities. Based solely on the information above, the net cash provided by (used in) investing activities on the statement of cash flows would be: Multiple Choice $(280,000) $(760,000) $(1,286,000) $(390,000)

Answers

Answer:

$(280,000)

Explanation:

The computation of the net cash provided or used by investing activities is given below:

Purchase of long-term investment -$40,000

Collection by Spackel of a loan made to another company $110,000

Purchase of equipment -$350,000

Net cash used by operating activities -$280,000

Other Questions
Dana enters a race where she has to cycle and run. She cycles a distance of 25km and then runs for 20km. Her average running speed is half of her average cycling speed. If dana completes the race in 5 hours, what is her average cycling speed ! Think of the many reasons people take multivitamins and other supplements, and then answer the following questions.What are the pros and cons of using these supplements?Are the pros and cons different for different people (for example, picky eaters, athletes, healthy adults, pregnant women, the elderly, or any other group)? Identify one additional factor besides the plant seedlings and containers that should be held constant in this experiment. Total cost for cookie and lemonade is 1.80. If lemonade costs 1.00 more than the cookie, how much was the lemonade? is the point (2,5) a solution to the equation y=3x-5? Why less rainfall and hotter weather would affect us?? Help me plsss witch one is greater 428,745 or 428,745 Please help me with my work For a rock concert a rectangular field of size 100 m by 50 m was reserved for theaudience.The concert was completely sold out and the field was full with all the fans standing.Which one of the following is likely to be the best estimate of the total number of peopleattending the concert?200050002000050000100000 rather than improve human communication social media has become a channel for misinformation A company uses the weighted average method for inventory costing . At the beginning of a period the production department had units in beginning Work in Process inventory which were 33 % complete the department completed and transferred 168,000 units . At the end of the period units were in the ending Work in Process inventory and are 68 % complete . Compute the number of equivalent units produced by the department . can the angles with measures 80o , 55o and 65o form angles on a line The Gulf Prairies and Marshes ecoregion experiences significant soil erosion. One would expect the climate in this region to be PLEASE ANSWER! WILL GIVE A LOT OF POINTS! NEEDS EXPLANATION! NO LINKS OR I'LL REPORT!! PLEASEdistilling ethanol from a wine to determine the percentage of alcohol in a wine uses what type of propertyphysical propertybonding propertyhomeowner's property calculate 3ab + b for a=2 and b=-3 7 1/7 minus 9/14answer asap please and thank you 2. The direct distance between city A and city B is 200 miles. The direct distancebetween city B and city C is 300 miles. Which could be the direct distance between cityC and city A?1) 50 miles2) 350 miles3) 550 miles4) 650 miles The similarity of the structures shown in the picture suggests that the organisms_______1) have a common ancestor2) all grew at different rates3) live for a long time4) evolved slowly QUICK! 20 POINTS AND BRAINLIEST TO WHOEVERS CORRECT FIRST!Read the sentence from paragraph 51 in the box.P.P.S. Yes. People do get meaner as they get older.Which of the following details from the story best suggests that Maureen iskinder than she implies?O A. "... as if I have been found ..." (paragraph 42)OB. "Oh, I'm sneaky, Joe." (paragraph 43)O C. ... and delighted to be a part of your 'lame assignment'..."(paragraph 47) D. "Do your research, Joe." (paragraph 50) Most people of West and Central Africa support themselves through which means? A.commercial farming B. mining industry C.subsistence farming D.hunting and gathering