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PtichkaEL [24]
8 months ago
8

if a person is highly risk averse, the marginal utility associated with a negative outcome outweighs the marginal utility from a

positive outcome. higher; higher lower; lower higher; lower lower; higher
Business
1 answer:
Ratling [72]8 months ago
6 0

If a person is highly risk averse, the higher marginal utility associated with a negative outcome outweighs the lower marginal utility from a positive outcome.

<h3>What is marginal utility?</h3>

The extra satisfaction which a consumer receives from possessing one more unit of an item or service is known as marginal utility.

The concept of marginal utility is helps in describing how customers make decisions to get the most out of their limited budgets. In general, until the marginal utility exceeds the marginal cost, consumers will keep buying more of a good.

There are three types of Marginal utility:

  1. Positive Marginal Utility: When having more of something provides you more happiness, you have positive marginal utility. Assume you regularly eat a piece of cake, however a second piece would bring you even more joy. Then the marginal utility from cake consumption is positive.
  2. Zero Marginal Utility:  It occurs when using more of an item provides no additional measure of satisfaction. For instance, you might feel reasonably full after 2 pieces of cake but not significantly better after a third slice. Your marginal utility on eating cake is 0 in this situation.
  3. Negative Marginal Utility: It occurs when you have an abundance of an item, and ingesting more is really hazardous. After eating three slices of cake, the fourth piece of cake may potentially make you sick.

To know more about Marginal utility, check out:

brainly.com/question/15050855

#SPJ4

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Effectus [21]

Answer:

False.

Explanation:

The hedonic property value method determines the extent that environmental or ecosystem factors affect the price of a home.  This implies that the method cannot be used to estimate lost, non-use value associated with oil pollution at remote, uninhabited locations, as stated in the question.  Since the hedonic property value method is used to estimate the housing prices that reflect the value of local environmental attributes, it is not useful for uninhabited, remote locations and properties.

6 0
2 years ago
Nidal Company reported inventory in the 2020 year-end balance sheet, using the FIFO method, as $185,000. In 2021, the company de
Ksenya-84 [330]

Answer:

Dr Retained earnings $14,000

Cr Inventory $14,000

Explanation:

There is a need to make adjustment to the inventory . Therefore,

Adjusted inventory

= New method of $171,000 - Old method of $185,000

= $14,000 decrease

It is to be noted that a lower inventory will have high costs associated with goods sold hence reduces profit/net income for the previous year by $14,000.

Also, the net income reports to retained earnings account hence decreases retained earnings.

Having made the above adjustment, we can assume that the average cost method was used for 2020 books.

3 0
3 years ago
Read 2 more answers
100 million diluted shares outstanding trading at $37.50 per share. The company has $1 billion of debt outstanding with a cost o
Pepsi [2]

Answer:

$4,650,000,000

Explanation:

We will use the formula below to calculate the enterprise value of Correct inc.

Enterprise value = Market value capital and debts - Cash and investments

= 100 million diluted shares × 37.50 per share + $1 billion of debt outstanding - $100 million cash

= $3750m + $1000m - $100m

= $4,650,000,000.

4 0
3 years ago
Your customer is implementing Oracle Procurement Cloud applications with multiple Requisition Business Units. Each Business Unit
Blizzard [7]

Answer:

E. Procurement Requester

Explanation:

  • Internal supplier registration may come from one of the following three streams:
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  • Internal Supplier Request: The Supplier Administrator may invite suppliers to register.
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6 0
2 years ago
obligations not expected to be paid within the longer of one year or the company's operating cycle are reported as
Black_prince [1.1K]

Answer:

Long term liabilities.

Explanation:

This can be easily or mostly be used in companies and also firms. In most cases they are been tagged a non-current liability.

They are generally defined to be obligations that are not been settled for/paid off in the current year or accounting period. Therefore, debts of this kind are not due within a year. Dept of this kind ranges from notes payable to bonds payable, also mortgages and are also seen as leases in a company settings.

In as much as this is not good for a company's financial health, investors and creditors see how the company is financed through this. Current obligations are seen to be more risky than non-current debts because they will need to be paid sooner.

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3 years ago
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