define term total utility and marginal utility
Answers
Marginal utility: Marginal utility is the added satisfaction a consumer gets from having one more unit of a good or service. The concept of marginal utility is used by economists to determine how much of an item consumers are willing to purchase. ... Marginal utility can be positive, zero, or negative.
Related Questions
Analyse, one way a country is likely to
benefit from the expansion of its
business
enterprises.
Answers
Answer:
earning of foreign and upliftment of the host country.
Explanation:
as a bussiness expands into other countries the profits it makes if it becomes successful are retained back to the host country as retained profits and this changes the economy as government earns part pf the revunue due to the tax earnings
an investor can invest money with a particular bank and earn a stated interest rate of 11.00%; however, interest will be compounded quarterly. what are the nominal, periodic, and effective interest rates for this investment opportunity?
Answers
An investor can invest money with a particular bank and earn a stated interest rate of 11.00%; however, interest will be compounded quarterly. The nominal, periodic, and effective interest rates for this investment opportunity are 11.00%, 3.67%, and 11.58%, respectively.
Nominal Interest Rate
The nominal interest rate is the rate at which the interest is compounded over a year. It is expressed as a percentage of the principal. The nominal interest rate for this investment opportunity is 11.00%.
Periodic Interest Rate
The periodic interest rate is the rate at which the interest is compounded over a specified period. In this case, the interest is compounded quarterly, i.e., after every three months. Hence, the periodic interest rate is calculated by dividing the nominal interest rate by the number of compounding periods per year. The number of compounding periods per year is calculated by dividing 12 by the number of months in each compounding period.
The quarterly compounding period is given as follows:
1 year = 12 months
Quarterly compounding periods = 12 / 4
= 3
Hence, the periodic interest rate is given as follows:
Periodic interest rate = Nominal interest rate / Number of compounding periods per year
Periodic interest rate = 11.00% / 3
Periodic interest rate = 3.67%
Effective Interest Rate
The effective interest rate is the actual rate of return earned by the investor over a year. It is the sum of the nominal interest rate and the effect of compounding over the specified period. The effective interest rate for this investment opportunity is calculated using the following formula:
Effective interest rate = (1 + (Nominal interest rate / Number of compounding periods per year)) Number of compounding periods per year - 1
Effective interest rate = (1 + (11.00% / 3)) 3 - 1
Effective interest rate = 11.58%
Hence, the nominal, periodic, and effective interest rates for this investment opportunity are 11.00%, 3.67%, and 11.58%, respectively.
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Your dad bought a house for you 10 years ago. He took out a $200,000 mortgage then. The mortgage has a 15-year term with monthly payments and has an APR of 8.00%. He paid monthly mortgage for 10 years or 120 months. On October 1, 2019, you became the owner of the house and started to be responsible for the rest of the mortgage payments. (Hint: If you continue with the mortgage, you will pay the monthly payment for another 60 months with the first payment due on November 1, 2019.) You are thinking about refinancing the mortgage. On October 1, 2019, how much is the balance of this mortgage?
Answers
Answer:
The answer is "$1064.90".
Explanation:
Mortgage balance after 10 years Only at end of the 10th year, we must first calculate the amount of credit outstanding.
\(\to PV= \$ \ 200,000\\\\\to N= 15 \times 12 = 180\\\\\to M= 10 \times 12 = 120\\\\\to R= \frac{8 \%}{12} = 0.006667\\\\\)
Amount repaid = \(PV \times \frac{(1+r)^m -1}{(1+r)^n -1}\)
\(= \frac{200,000 \times ((1+ 0.0066667)^{120} -1)}{(1+0.0066667)^{180} -1}\\\\= \frac{200,000 \times 1.219649054}{2.3069411}\\\\ = 105,737.34\)
Amount of outstanding \(= 200,000 - 105,737.34\)
\(= 94262.66\)
The balance of mortgage = $94262.66
Refinancing :
\(\to N= 10 \times 12 = 120\\\\\to R= \frac{1.50 \%}{12} = 0.00125\\\\\to PV = 94262.66\)
\(pmt= \frac{PV \times r}{1-(1+r)^{-n}}\\\)
\(=\frac{94262.66 \times 0.00125}{1-(1+0.00125)^{-120}}\\\\=\frac{117.828325}{0.1392114}\\\\=846.40\)
The monthly payment = 846.40
\(\text{Monthly savings = earlier monthly payment - current monthly payment}\)
\(= 1911.30-846.40 \\\\= \$ \ 1064.90\)
a) Miranda needs to build new shelves in her pantry to store all these items. She wants to put each type of item on a separate shelf. The shelves will be able to support 25 lbs. Will the new shelves be able to support her current supply of powder goods? Use the conversion table below and a spreadsheet to help you determine the answer. (2 points)
Answers
Answer: yes
Explanation:
Converting each to pounds it equals 13.3 pounds
Miranda needs to build new shelves in her pantry to store all these items. Yes, the new shelves be able to support her current supply of powder goods.
What do you understand by the supply of goods?The following are included in a supply of goods: the agreement-based transfer of property rights over things. the commission-based sale of moving items by an agent or auctioneer.
They must be carrying out an action in their own name under another person's orders. delivery of items under a hire-purchase agreement.
Demand and supply have a strong relationship that influences market equilibrium, which determines the amount of items available on the market and their selling prices.
Here,
Converting each to pounds it equals to 13.3
pounds
Standard 1 pound (lb) = 16 ounces (oz)
Metric 1 kilogram (kg) = 1000 grams (g)
Metric to standard 1 kilogram = 2.20 pounds
Standard to metric 1 pound = 0.45 kilograms
Therefore, Miranda needs to build new shelves in her pantry to store all these items. Yes, the new shelves be able to support her current supply of powder goods.
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Complete question is attached with the image.
Suppose the test scores of 75 students in a class follows normal distribution with a standard deviation of 3. The sample mean is 68. What distribution is used in constructing confidence intervals in this problem? z-distribution What is Maximal Margin of Error (E) at 95% confidence? Construct a 95% confidence interval (67. 32101,68. 67896)
Answers
The confidence interval of (67.31, 68.68). Therefore, the 95% confidence interval for the population mean lies between 67.31 and 68.68.
E = z* (standard deviation / √(n))
where z is the critical value, the standard deviation is given as 3, and n is 75.
Plugging in the values, we get:
E = 1.96 * (3 /√(75)) = 0.692
Therefore, the maximal margin of error (E) at 95% confidence is 0.692.
To construct a 95% confidence interval, we use the formula:
CI = sample mean ± (E)
Plugging in the values, we get:
CI = 68 ± 0.692
Standard deviation is a statistical measure that is commonly used in business to describe the variability or dispersion of a dataset. It is a measure of how much the data points in a particular set vary from the average value of the set.
In business, the standard deviation can be used to analyze and compare different datasets, such as sales figures, production output, or stock prices, to determine the level of risk associated with each dataset. A high standard deviation indicates a wide range of data points, which can suggest greater risk and uncertainty. On the other hand, a low standard deviation indicates that the data points are closer to the average value, which can suggest lower risk and more predictability.
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What is NOT an advantage of being an entrepreneur?
Answers
Answer: Disadvantages include a lack of guarantee of success and the heightened responsibility of owning a business
Answer:
The advantages of entrepreneurship include the ability to shape one's own business, control of one's own working habits, and significant stock in the venture. Disadvantages include a lack of guarantee of success and the heightened responsibility of owning a business.
Explanation:
How important is money
Answers
Answer:
very important
Explanation:
money is a global income source for everyone. we all have different types but it is all still money. now say one country got rid of money and had people pay for stuff using other things. if china did that lots of different countries wouldn't be able to get stuff from there unless they had so much of that product they could just give it up.
Say IAM YOUR BOSS THEN I WILL GIVE YOU BRAINLIEST AND 100 POINTS ADD ME AS YOUR FRIEND
Answers
Answer:
im your boss
Explanation:
Choose the correct terms to complete the sentence.
Larry owns his own gym. He is the only owner. His liability is 1.______
a. unlimited
b. partnership
c. limited
d. undetermined
and he runs a 2._____
a. public company
b. sole proprietorship
c. partnership
Neville is the CEO and shareholder of a company that sells household cleaning products. The company has 75 shareholders and is not
traded on a stock exchange. Neville's company is a 3._____
a. sole proprietorship
b. partnership
c. public company
d. private-limited company
and his liability is 4.______
a. limited
b. unlimited
c. undetermined
Answers
Answer:
unlimited
sole proprietorship
private-limited company
limited
Explanation:
What is one way a command economy affects?
Answers
Supply and demand factors, which determine what, how much, and at what price goods and services should be produced, are not allowed under a command economy.
Instead, all economic activity are planned, coordinated, and under the direction of a single government, which discourages market competition.
What is command economy?A command economy is a crucial component of a political system in which the degree of output that is permitted and the prices that may be paid for goods and services are set by a central governing body. Most industries are owned by the public.
The principal alternative to a command economy is a free market economy where supply and demand determine prices and output.
A communist political system includes a command economy, whereas capitalist countries have a free market.
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To which level of granularity does the O*NET OnLine database sort its information?
Answers
The O*NET OnLine database is known for its vast collection of occupational information that is designed to help job seekers, students, and employers make informed decisions about careers.
At the highest level, O*NET groups related occupations into 24 major categories, such as Management, Healthcare, and Construction. These categories are then further divided into more specific subcategories, such as Marketing and Sales or Personal Care and Service.
At the next level of granularity, O*NET provides detailed information on individual occupations, including job tasks, skills, and knowledge required for the job, as well as the level of education and experience typically required. This information is updated regularly and provides a comprehensive overview of each occupation.
Additionally, the O*NET database also offers information on industries, job outlook, and wage data. This information is organized to provide a clear understanding of the job market and the opportunities available to job seekers and employers alike.
Overall, the O*NET OnLine database provides detailed information on a variety of career options, allowing users to explore their interests and identify potential career paths with the level of granularity that suits their needs.
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if your a real larry fan you can finsh this song
This aint no race but i still take first.....
finsh it
Answers
Answer:ooh idk
Explanation:
Answer:
first place.. take yo man just to shove it in yo face..
lolz i haven't listened to that in a while
Explanation:
ttttpppwwkkk
"
The definition of a qualifying child applies to which of the
following?
a. Income exclusion
b. Earned income tax credit
c. Head-of-household deduction
d. Unearned income tax
e. Filing status for child
"
Answers
The definition of a qualifying child applies to the Earned Income Tax Credit (option b) specifically, as it determines eligibility for this tax benefit.
A qualifying child is a key factor in determining eligibility for the Earned Income Tax Credit (EITC). The EITC is a tax benefit for low-to-moderate-income individuals and families that is designed to provide financial assistance and reduce the overall tax burden. To claim the EITC, you must meet certain criteria, including having a qualifying child.
A qualifying child must meet specific requirements related to age, relationship, residency, and dependency.
These requirements ensure that the child is a legitimate dependent and that the taxpayer is eligible for the tax credit. Meeting the definition of a qualifying child allows taxpayers to claim the EITC, which can provide significant financial support and potentially result in a tax refund.
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Type the correct answer in the box.
Lois is planning to raise funds for her new business venture. Which factor of production is she working toward?
Lois is planning to raise funds for her new business venture. She is working toward satisfying the __________ factor of production.
Answers
Answer:
Capital
Explanation:
Factor of production are defined as resources or input that are used in production process to get output.
The factors of production includes land, labour, and capital.
Although these are not part of the final product , they facilitate production.
In the given scenario Louis is planning to raise funds for her new business venture.
This is an activity aimed at raising capital for the business.
Capital is a sum of money that is used to start or run a business.
Answer:
The capital factor of production.
Explanation:
describe how net profit of a business is calculated?
Answers
Answer:
u must work out the total cost and variable cost and add them up, then you must count all your sales and figure out ur revenue. then u do ur total revenue minus ur total costs
mark as brainliest
The formula to calculate profit is: Total Revenue - Total Expenses = Profit. Profit is determined by subtracting direct and indirect costs from all sales earned. Direct costs can include purchases like materials and staff wages. Indirect costs are also called overhead costs, like rent and utilities.
For businesses, profit is often calculated by profit margin formula:follow me nice business
Which resource can you use to view businesses or suppliers divided into different categories?
You may use online or offline _________
to view businesses or suppliers classified into different categories.
Answers
Answer:
yellow pages
Explanation:
It's "Yellow Pages" :)
I got it right on plato <3
True or false: Employers pay the same amount of social security and Medicare taxes as the employee pays.
O True
O False
Answers
I hope I have helped you I don't know much about that
Which decision-making style is also referred to as the ostrich style? The decision-making style of a (an) is also referred to as the ostrich style.
Answers
The Evader style of decision-making is also known as the ostrich style.
What is a decision-making style?Decision-making style refers to the way in which decisions are taken by a firm that are most favorable for the firm. There are various decision-making styles such as evader, followers, and so on.
The Evader style of decision making is one in which an individual or a professional avoids taking decisions hoping them to go away. It is therefore also called as ostrich style.
Therefore the correct option is Evader style.
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Answer:
Answer is Evader
Explanation:
its right trust
One benefit of a savings account is that you can earn interest on your deposits
O True
O False
Answers
Answer:
O True
Explanation:
A savings account offers a safe and secure platform for firms and households to save money. Savings accounts are offered by financial institutions such as banks and credit unions. When customers open savings accounts, they save by depositing money in their savings accounts.
Banks and credit unions require customer deposits to create loans for other customers. They encourage customers to save by offering interest on savings or deposits. It is true that banks pay interest on customer savings.
A fixed income security where the borrower, like a government or corporation, agrees to
pay back the investor/lender with a certain interest rate and duration, is called:
debit card
the gold standard
a bearer
a bond
Answers
Answer:
A bond
Explanation:
What was the only thing Amazon sold when it first opened 25 years ago
Answers
According to the law of supply what's the result of an increase in the supply of workers for a job if all other factors remain equal?
Answers
Answer:
According to the law of supply, an increase in the supply of workers for a job if all other factors remain equal means the company wants to be efficient and it is also proof that the company is making more profit which signals the demand for the commodities they produced as increased drastically.
Explanation:
The law of supply work in the dimension of price, the number of goods available in the market, and it is hugely affected by demand. Now, when the price of goods decreases, it makes production by producers decrease as well and staffs are also laid off to avoid profit loss by the producers. This changes when the price of commodity increases as it makes producers of the commodity have the capacity to employ more staff to maximize time and this also causes the producers to increase sales. However, the higher demand for a commodity would also increase the supply of that commodity.
Answer:
The wage rate for that job will be pushed down.
Explanation: I just took the test and got it right
When a firm is producing at the level of output that maximizes profit which of the following is true
Answers
The primary purpose of a firm is to make "Profit" in the Long-run.
The maximization of profit in a firm occurs at the level of output where the marginal revenue equal to marginal cost \({MR = MC}\).As we know, the goal of a firm is to maximize profits and minimize losses, so a shutdown is immininent if a firm is operating at the level of output where marginal revenue is not equal or lesser that marginal cost.In conclusion, firm kept expanding its production capacity as long as its Marginal Revenue is greater than Marginal Cost \({MR > MC}\) but this changes when marginal revenue is equal to marginal cost \({MR = MC}\).
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Answer:
Marginal revenue is equal to marginal cost
hi ik someone is going to report but i just want to say hi
Answers
Lol, mood. Hi! I am literally so bored to. Anyways hope you have a good day!
:) :) :)
GIVE ME 5 SENTENCES ABOUT LASSEZ-FAIRE LEADERSHIP STYLE WITH EXAMPLES PLEASE!!
Answers
Answer:
Laissez-faire leadership, also known as delegative leadership, is a type of leadership style in which leaders are hands-off and allow group members to make the decisions. Researchers have found that this is generally the leadership style that leads to the lowest productivity among group members.
The examples: Herbert Hoover. Our 31st president was well-known for having a laissez-faire approach in politics. He used this leadership style as he trusted his teams and their experience and was extremely successful with this leadership approach.
Explanation:
When would job-order costing be used instead of process costing?
Answers
A job order gadget is utilized by very precise kind of businesses for costing be used instead of process costing.
Those corporations do no longer manufacture trendy products and stock them to promote to clients.
as a substitute they take orders. which means that the product is custom constructed as in keeping with the necessities of the clients. This makes job order costing hard considering the fact that in a employer that manufactures preferred products, the production can be recognized in advance and overheads may be allocated amongst merchandise. however in case of job order costing , determining what the overheads might be for the following accounting period is extraordinarily subjective and at risk of errors.corporations that comply with job order costing can't determine the exact quantity of expenses that they may incur. some of their overheads can be general and required to run the commercial enterprise while a few others may be depending on the job being performed. companies that carry out these jobs can not realize the precise costs before the process is truely finished.one of the most important problems in job order costing is the mismatch among when the citation is made and whilst the fees absolutely come to be known. costs want to be quoted earlier than beginning manufacturing. but, the prices are recognized simplest after the activity is completed.job order costing have to be used, while the manufacturing is done on particular orders.
as an example, an plane production organization or a deliver production business enterprise will make the plane or deliver best in opposition to a selected order from the client. For that particular order, the costing is accomplished below job-order costing.
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21. pls help will give brainliest
Answers
Revenues less costs, taxes, and interest equal net income (NI).NI is used to compute earnings per share. Because costs can be concealed via accounting techniques or revenues can be artificially overstated, investors should carefully examine the data used to calculate NI.
How do you calculate net income in accounting?The amount earned by an individual or business after costs, allowances, and taxes is referred to as net income. Net income in company is what remains after all costs, such as salaries and wages, the cost of goods or raw materials, and taxes, have been paid. You can figure out your net income if you know your total income and total outgoings: Complete revenue minus total expenses equals net income. Most business owners must produce an income statement, one of the three primary financial statements, in order to determine their net income. The change in assets less the change in liabilities must equal net income, according to logic, as assets must equal liabilities plus equity. Since it is the final indicator of a company's performance, net income is frequently used interchangeably with profit. You must take the recorded retained earnings from the prior financial period, known as beginning retained earnings, and add dividends back in to calculate net income using retained earnings.The Net Income =
Total revenue – total expenses.
Total expenses
= $448000+$96000+$71000
=$615000
The
net income
= $721000-$615000
=$106000
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"Monetary policy can be described either in terms of the money supply or in terms of the interest rate." This statement amounts to the assertion that a. the activities of the Federal Reserve’s bond traders are irrelevant if the Federal Reserve decides to target an interest rate. b. our analysis of monetary policy is not fundamentally altered if the Federal Reserve decides to target an interest rate. c. changes in monetary policy aimed at expanding aggregate demand can be described either as increasing the money supply or as increasing the interest rate. d. rightward shifts of the money-supply curve cannot occur if the Federal Reserve decides to target an interest rate.
Answers
Answer:
b
Explanation:
The monetary policy is not fundamently altered
visit the website for a different well known company
Answers
Please explain better in comments
The development of time-saving machines increases production, but it also displaces workers and contributes to high rates of employee alienation. Employee displacement illustrates a
Answers
The development of time-saving machines can lead to job displacement and employee alienation, highlighting the need for strategies to mitigate these negative effects while still benefiting from increased productivity.
How to address negative consequences of technology such as job displacement and worker alienation and mitigate their effects?Significant drawback of technological progress known as technological unemployment, which occurs when machines and automation replace human labor, leading to job losses and the displacement of workers.
This displacement can contribute to high rates of employee alienation, which refers to a feeling of disconnection or estrangement from one's work, colleagues, or organization.
When employees are replaced by machines, they may feel that their skills and contributions are no longer valued, leading to feelings of demotivation, disengagement, and disaffection.
Additionally, the rapid pace of technological change can also contribute to feelings of insecurity among workers, who may worry that their jobs will soon become obsolete or that they will be unable to keep up with the changing demands of the workplace. This insecurity can further exacerbate employee alienation and contribute to a sense of disconnection from work and the organization.
Therefore, while the development of time-saving machines can increase production and efficiency, it is essential to address the potential negative consequences for workers, including technological unemployment and employee alienation, and to develop strategies to mitigate these effects.
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