Angie Is Maximizing Total Utility While Consuming Food and Clothing

question 451

Multiple Choice

Angie is maximizing total utility while consuming food and clothing.Her marginal utility from food is 50,and her marginal utility from clothing is 25.If clothing is priced at $10 per unit,the price of food per unit must be

• A) $2.
• B) $2.50.
• C) $5.
• D) $20.

Calculate the break-even point in units.

Evaluate the impact of shifts in sales mix on total profits.

Understand the concept and computation of least-squares regression method.

Comprehend the definition and calculations related to margin of safety and its percentage.