Answer:
lost-update program
Explanation:
lost-update program is problem that occurs in database system when two different data or transaction are simultaneously saved on the same column and on the same row within a database. This conflict results to the loss of the first part of the saved data because it will be overwritten by the other different data for transaction.
From the question, Charles and Irene are working on the same copy of data, Charles's data overwrite Irene's leading to what is known as lost-update program
Answer:
A. Increasing Marginal Utility B. Yes, John will spend
Explanation:
Total Utility is the total satisfaction from all units of consumption
Marginal Utility is additional satisfaction from an additional consumption unit.
Coca Cola TU MU
1 10 10
2 25 15 (25-10)
3 50 25 (25-15)
John's Marginal Utility is increasing each time in succeeding unit over its preceding unit.
b. John having $3, price of a coke = $1: will be willing to spend 1st 2nd & 3rd dollar on coke consumption because - its gainful for him (MU > P) each time.
Answer:
a. 17.5
b. 12
Explanation:
Given that
Marginal cost = $100
The computation of optimal contract length is given below :-
Marginal benefit = Marginal cost (length
)
a. $100 = 30 + 4L
L = 70 ÷ 4
= 17.5
b) 100 = 40 + 5L
L = 60 ÷ 5
= 12
Therefore, for calculating the optimal contract length simply we calculate both the equations equals with marginal benefit to the marginal cost (length)
I could be wrong but I feel like A would be a good answer for this
C)people have scare resources and must make choices
