Answer and explanation:
Marginal Utility refers to the benefit or satisfaction obtained from consuming one more unit of a good or service. In economics, something has utility if it satisfies any consumer want or needs whether for usefulness or pleasure. It is a subjective term.
Thus, <em>if the price of ticket movies decreases, its marginal utility will decrease and the marginal utility of tickets for basketball games will increase.</em>
The complete question is
In the above figure, the inflationary gap when AD2 is the aggregate demand curve equals
A) the difference between 110 and 100.
B) the difference between $12.5 trillion and $12.0 trillion.
C) LAS minus SAS at a price level of 100.
D) AD1.
The Answer is option B the difference between $12.5 trillion and $12.0 trllion.
Explanation:
The inflationary gap is calculated by subtracting anticipated GDP from real GDP of the economy. The x-axis represent the national income and y-axis represent the expenditure.
It is the excess of aggregate demand over its level required to maintain full employment equilibrium in the economy. in the figure AD2 represents the aggregate demand curve.
Thus, inflationary gap when AD2 is aggregate the demand curve equals the difference between $12.5 trillion and $12.0 trillion.
Answer:
Goodwill is $103,000
Explanation:
The computation of the goodwill amount is shown below:
= Fair market value - net value
where,
Fair market value is $206,000
And, the net value equals to
= Total assets - liabilities
= $206,000 0 $103,000
= $103,000
Now put these values to the above formula
So, the value would equal to
= $206,000 - $103,000
= $103,000
<span>Sectionalism develops when people favor regional interests over the interests of a whole nation. Restricted narrow interests and local interests constitutes in the concept of Sectionalism. This can bring in a lot of divide among the people of the same country and it can get worse when the concept get more narrowed.</span>