Marginal utility you would get from next mcdonalds dinner

Assignment Help Operation Management
Reference no: EM13994663

The price of a McDonald's dinner is $5; the price of a Burger King dinner is $5. The marginal utility you would get from the next McDonald's dinner is 15; the marginal utility you would get from the next Burger King dinner is 20. You should:

A. consume more McDonald's dinners.

B. not consume either Burger King or McDonald's dinners.

C. consume more Burger King dinners.

D. realize you cannot make a rational decision.

Reference no: EM13994663

Questions Cloud

Suppose a firm faces the demand curve : Suppose a firm faces the demand curve which gives a constant price elasticity of demand of -2. (Lerner Index) If the firm's marginal cost is constant at $2, what is the profit-maximizing price and quantity? If the firm's marginal cost increases to a ..
What is blume formula : What is Blume's formula? When would you want to use it in practice? What is the difference between asset allocation and security selection
What are various types of software maintenance : Please answer the following question: What are various types of software maintenance ?
What are software project estimation techniques available : What are software project estimation techniques available?
Marginal utility you would get from next mcdonalds dinner : The price of a McDonald's dinner is $5; the price of a Burger King dinner is $5. The marginal utility you would get from the next McDonald's dinner is 15; the marginal utility you would get from the next Burger King dinner is 20. You should:
Compute the charge on the single equivalent capacitor : Compute the charge on the single equivalent capacitor. Returning to diagram, compute the charge on each individual capacitor.
What will the nav of this fund be at the end of the year : The Aqua Liquid Assets Money Market Mutual Fund has a NAV of $1 per share. During the year, the assets held by this fund appreciated by 2.5 percent. What will the NAV of this fund be at the end of the year
What is the need to learn software engineering concepts : When you know programming, what is the need to learn software engineering concepts?
What is a software : What is a Software ? a) Software is set of programs.

Reviews

Write a Review

Operation Management Questions & Answers

  The cost of quality

The cost of quality

  What reasons might there be for using a single measure

What reasons might there be for using a single measure, and what reasons might there be for using multiple standards?

  Describe three of the strategies for international business

Describe three of the strategies for international business that organizations have used and give a concrete example of a company using that strategy.

  Compute the composite rating for each location

A location analysis for Temponi Controls, a small manufacturer of parts for high technology cable systems, has been narrowed down to 4 locations.

  Who in the organization needs to be involved in designing

Who in the organization needs to be involved in designing and implementing a MRP system?

  Llustrate what is process cycle time of overall system

llustrate what is process cycle time of overall system. If firm operates 8 hours per day, 20 days per month, illustrate what is monthly capacity of manufacturing process.

  Project managers to resist changes to the project baseline

Why is it important for project managers to resist changes to the project baseline? Under what conditions would a project manager make changes to a baseline? when would a project manager not allow changes to a baseline?

  What are the speeds of the objects after collision

A mass of 10kg travelling at 5 m/s undergoes a head on elastic collision with a 7kg object travelling at 9 m/s in the opposite direction. What are the speeds of the objects after collision?

  Use binomial distribution

What are the four properties that must be present in order to use binomial distribution?

  Explain the additional costs associated with shipping

When a product is shipped from the U.S. to another country, there are some extra costs associated with the way the product should be packaged and prepared. Choose a product from a company that is scheduled to be shipped internationally. Explain the a..

  Which type of power has tom used over celia

The group laughs at Tom's joke, and Celia doesn't add any more input into the logo discussion. Which type of power has Tom used over Celia?

  Effects of diversity

General Motors redesigned the Malibu, its first global midsize sedan, to launch in 2013 in nearly 100 countries. In its redesign effort, GM gave a prominent role to four women engineers, called the “Malibu Moms.” Which of the following effects of div..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd