Bridget making the utility-maximizing choice, Business Management

Assignment Help:

Bridget has a limited income and consumes only wine and cheese; her current con- sumption choice is four bottles of wine and 10 pounds of cheese. The price of wine is $10 per bottle, and the price of cheese is $4 per pound. The last bottle of wine added 50 units to Bridget's utility, while the last pound of cheese added 40 units.

a. Is Bridget making the utility-maximizing choice?Why or why not?

b. Ifnot,what should she do instead?Why?

 

 


Related Discussions:- Bridget making the utility-maximizing choice

Organisation, enumerate on the princeples of organisation

enumerate on the princeples of organisation

Swot analysis, A government agency in osun state in collaboration with bank...

A government agency in osun state in collaboration with bank of industry organises seminar on strategic management and need to understand event,trend,issues and expectations that s

Prepare action plan to implement changes, Select a small business of your c...

Select a small business of your choice and explain how the particular business can be considered as a small business enterprise. List the advantages and disadvantages of being a sm

What do you understand by the term entrepreneurship, Question 1: (a) Wh...

Question 1: (a) What do you understand by the term Entrepreneurship? Briefly describe three forms of entrepreneurship. (b) Describe four values that a company creates for it

BSBFIM501A, Hello, I have an assignment I need to complete in the next 6 we...

Hello, I have an assignment I need to complete in the next 6 weeks and want to know how your service works? It is 1 of 2 modules I require to complete my studies. Can you please a

BUSINESS PLAN, rewrite the business plan of an ice cream parlou

rewrite the business plan of an ice cream parlou

Describe the term e-procurement, (i) Compare the categories of electronic c...

(i) Compare the categories of electronic commerce and explain how e-commerce is changing consumer retailing and business to business transactions. (ii) Describe the term ‘e-pro

DIESEAL, critically analyse diesel''''s marketing mix strategies

critically analyse diesel''''s marketing mix strategies

Principle of management, For question10 on page 198 of your text. Perform a...

For question10 on page 198 of your text. Perform a SWOT analysis on NCC. Provide lists for NCC''s Strengths, Weaknesses, Opportunities, and Threats. Use pages 190-192 as a guide,

Explain the communication cycle, QUESTION (a) What do you understand by...

QUESTION (a) What do you understand by ‘Communication' and ‘Organisational Communication'? (b) Work requires communication. Why do workers communicate? (c) Describe the v

Write Your Message!

Captcha
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