Answer:
Options C and E
Only Nick and Jake are optimising over his choice of fruit?
Explanation:
The marginal utility obtained from the purchase of a product is the amount of satisfaction derived from purchasing an additional unit of the product.
The utility is maximised when the satisfaction in terms of marginal utilities obtained from each product is equal to each other.
We obtain this simply by dividing the marginal utilities for each fruit by their price, and comparing them.
Dmitiri:
Apples: 8/1 =8
Pears: 10/2 =5
8/1 is not equals to 10/2
Frances:
Apples: 7/1 =7
Pears: 16/2 =8
7 is not equals to 8
Jake:
Apples: 6/1 =6
Pears: 12/2 =6
The marginal utility is equal hence Jake's choice is optimal
Latasha:
Apples: 5/1 =9
Pears: 9/2 =4.5
9 is not equals to 4.5
Nick:
Apples: 4/1 =4
Pears: 8/2 =4
The marginal utility is equal hence Nick's choice is optimal
Answer:
labor force that is unemployed.
Explanation:
Unemployment rate refers to the percentage of the total labor force in an economy, who are unemployed but seeking to be gainfully employed.
The unemployment rate is divided into various types, these include;
1. Cyclical unemployment rate (CU).
2. Frictional unemployment rate (FU),
3. Structural unemployment rate (SU).
4. Actual unemployment rate (AU).
5. Natural Rate of Unemployment (NU).
Hence, the unemployment rate is the percentage of the labor force that is unemployed.
<span>It should be laid out like this example:(November 10, 2015)</span>
Answer:
Option A) To record revenues and expenses
Explanation:
The accounting accrual is an accounting method, it means that the company must record the revenues and expenses in the moment that the transactions occur and not when the payment is done.
By this method is always necessary to make adjustment entries to the accounting system if not it's impossible reflect all the transactions occured at this moment.
