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Assoli18 [71]
1 year ago
12

The current price of a turkey sandwich is $6. If kyle is currently buying five turkey sandwiches a week, he:_______

Business
1 answer:
Vsevolod [243]1 year ago
4 0

The utility is not maximized since the  marginal utility gained from the fifth sandwich is greater.

In economics, utility refers to the entire satisfaction or benefit gained from consuming an item or service. Consumer utility maximization is commonly assumed in the economic theories based on the rational choice.

In economics, the marginal utility is the additional satisfaction (utility) that a buyer receives by purchasing an additional unit of the product or  the service. It computes utility once the first product is consumed (the marginal amount).

Therefore, the utility is not maximized , from the fifth sandwich onwards the marginal utility is more.

To know more about utility click here:

brainly.com/question/24848038

#SPJ4

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From the following list of selected items taken from the records of Rosewood Appliance Service as of a specific date, identify t
elena55 [62]

Answer:

Explanation:

We summarize the assets and liabilities in the classified balance sheet into various types Like assets are divided into fixed assets, current assets, and intangible assets.

Liabilities are likewise divided into current liabilities, long-term liabilities The accounting equation is used in any balance sheet which means

Total assets = Total liabilities + shareholder equity

So, the accounts which are appeared on the balance sheet are shown below:

1. Accounts Payable = Current liabilities

2. Accounts Receivable = Current assets

3. Andrew King, Capital = Stockholder equity

4. Cash = Current assets

5. Land = Fixed assets

6. Supplies = Current assets

7. Wages Payable  = Current liabilities

All other are related to the income statement. Therefore, ignored it

4 0
3 years ago
Suppose you are going to receive $13,200 per year for five years. The appropriate interest rate is 8.1 percent.
sertanlavr [38]

Answer:

a-1) Pv = 52549

a-2) Pv = 56822

b-1) Fv = 77570

b-2 Fv = 83878

Explanation:

b-1) Future value:

S= Sum of amount of annuity=?

n=number of fixed periods=5 years

R=Fixed regular payments=13200

i=Compound interest rate= .081 (suppose annualy)

we know that ordinary  annuity:

S= R [(1+i)∧n-1)]/i

   = 13200[(1+.081)∧5-1]/.081

    =13200(1.476-1)/.081

    = 13200 * 5.8765

  S  = 77570

a.1)Present value of ordinary annuity:

Formula: Present value = C* [(1-(1+i)∧-n)]/i

                                  =13200 * [(1-(1+.081)∧-5]/.081

                                 =13200 * (1-.6774)/.081

                                =13200 * (.3225/.081)

                                =52549

a.2)Present value of ordinary Due:

Formula : Present value = C * [(1-(1+i)∧-n)]/i   *  (1+i)

                                    =  13200 * [(1- (1+.081)∧-5)/.081   * (1+.081)

                                 = 13200  * 3.9822 *  1.081

                               =  56822

b-2) Future value=?

we know that:         S= R [(1+i)∧n+1)-1]/i ]  -R

                             = 13200[ [ (1+.081)∧  5+1 ]-1/.081]   - 13200

                           = 13200 (.5957/.081)   -13200

                         = (13200 * 7.3544)-13200

                         = 97078  -  13200

                       =  83878

5 0
3 years ago
Which of these options for saving money typically offers the least liquidity?. . A.Savings bond. B.Money market account. C.Certi
zhuklara [117]
Among the following <span>options for saving money that typically offers the least liquidity, (A) Savings Bond is the correct answer. The term that is being referred here which 'least liquidity' means that you or any other person can not withdraw any money at any time they want.</span>
6 0
2 years ago
Read 2 more answers
The multiplier for a futures contract on a stock market index is $50. The maturity of the contract is 1 year, the current level
jolli1 [7]

Answer:

The cash flow mark to market proceeds = $754.45

Explanation:

The current index value after 12 months = current stock index * (1 + risk free - dividend yield)^12

= 1800 * (1 + 0.50% - 0.20%)^12

The current index value after 12 months = 1865.88

The future index value after 12 months = future stock index * (1 + risk free - dividend yield)^12

= 1820 * (1 + 0.50% - 0.20%)^11

The future index value after 12 months= 1880.97

The cash flow mark to market proceeds = (future index future value - current index future value) * multiplier

= (1880.97 - 1865.88) * 50

The cash flow mark to market proceeds = $754.45

5 0
3 years ago
Ruiz Engineering Contractors incurred service salaries and wages of $37,700 ($27,300 direct and $10,400 indirect) on an engineer
olganol [36]

Explanation:

hope I'll help you mark me as brainliest

5 0
2 years ago
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