<span>The measure of economic performance that compares how much a system produces versus the resources required to produce it, is known as *productivity*.</span>
Answer:
2 CD and 2 MP3 will provide the maximum utility: 220 units
Explanation:
MP3 Q Utility Marginal Utility CD Q Utility Marginal Utility
2 70 70 1 80 80
4 130 60 2 150 70
6 180 50 3 210 60
8 220 40 4 260 50
10 250 30 5 300 40
Andrew can Purchase up to 18 dollars
Cost of a CD: 6 dollars
MP3 cost: 3 dollars
He will look at the marginal utlity (utility from additional unit) at the moment of make a desition:
The first CD will provide more utility than 2 MPE (80 to 70)
Then, Andrew will purchase his first pair of MP3 to get 70 more utility for 6 dollars
and then, between the second of each will prefer CD against as the marginal utility is higher: 70 against 60
Andrew will spend all of his budget $12 on CD's and $6 on MP3
Total utility: 80 + 70 + 70 = 220 Utility
Answer:
Has its profits taxed as personal income
Explanation:
Sole proprietorship: The sole proprietorship is the person who is the single owner of a company. He is personally liable for all the acts which are held in the company. In this, there is no separate entity between the company and its members.
Moreover, during filling the return, the owner has to file a tax based on the profits on its personal income
Its owner choice to continue the business for longer period or for a shorter period. So, it does not has unlimited life, neither it have limited financial liability nor it involves significant legal costs during the formation process.
So, a sole proprietorship has its profits taxed as personal income.
