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Kaplan BUS224 week 4 discussion

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Question;1. Pretend that you have;just been surprised with a genuine e-mail that says you have just been selected;by your favorite pizza delivery company that every day for the next month you;will receive your favorite pizza for lunch and another of that same favorite;pizza for dinner, delivered to your home and ready to eat.;a.Using the concept of;diminishing marginal utility, discuss how excited you will be on the first day;of your winning.;b.What about your;excitement on the 10th day?;c.What about your;excitement on the 30th day?;2. Now, pretend that;your favorite national brand gasoline company informs you that you have won as;much as you want free gasoline, as much as you want, from any of their gas;stations, anywhere in the country every day for a year.;a.Using the concept of;diminishing marginal utility, discuss how excited you will be on the first day;of your winning.;b.What about your;excitement on the 10th day?;c.What about your;excitement on the 30th day?;3. Again, considering;the concept of utility, what makes these two scenarios different?

 

Paper#55567 | Written in 18-Jul-2015

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