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Anestetic [448]
3 years ago
11

If the marginal benefit of consuming another unit of a good is positive, then to reach the allocatively efficient level of outpu

t more of the good should be produced and consumedA) no matter what.B) if the marginal benefit of the good is greater than its marginal cost.C) if the total benefit of the good is greater than its total cost.
D) as long as the consumer can afford to pay for it.
Business
1 answer:
snow_lady [41]3 years ago
4 0

Answer:

B. If the marginal benefit of the good is greater than the marginal cost

Explanation:

Marginal benefit is the incremental benefit derived from producing an extra unit of a good. Marginal cost is the incremental cost of producing an additional unit of the good.

When marginal benefit is greater than its marginal cost, the excess of marginal benefit over marginal cost shows that the product is beneficial to society so an extra unit of the good should be produced and consumed.

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Churches .it's a religious institution
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If an economist is considering swiftly increasing technological changes in an economy, which of the following is MOST likely to
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Answer:

O new goods blas

Explanation:

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Read 2 more answers
Southern Corp. has a debt-to-equity ratio of 1.75 and total assets of $275 million. Southern is considering issuing another $20
liberstina [14]

Answer:

1.625

Explanation:

Debt to equity ratio = Debt ÷ Equity

or

1.75 = Debt ÷ Equity

or

Debt = 1.75 × Equity

also,

Total assets = Debt + Equity

or

$275 million = 1.75 × Equity + Equity

or

$275 million = 2.75 × Equity

or

Equity = $100 million

Therefore,

Debt = $275 million - Equity

= $275 million -  $100 million

= $175 million

Now,

after issuance,

Total debt = $175 million + $20 million

= $195 million

and,

Equity = $100 million + $20 million

= $120 million

Therefore,

Southern’s debt-to-equity ratio after the issuance

= $195 million ÷ $120 million

= 1.625

7 0
3 years ago
Lionheart Trucking recently purchased a new truck costing $178,000. The firm financed this purchase at 6.6 percent interest with
kolbaska11 [484]

Answer:

The years of repayment is 7.96 years

Explanation:

The number of years of the loan repayment can be computed using  nper formula in excel.

=nper(rate,-pmt,pv,fv)

rate is the monthly interest rate which is 6.6%/12=0.0055

pmt is the amount of monthly repayment which is $2,400

pv is the amount of the finance package received which is $178,000

fv is the total amount of repayment which is unknown hence taken as zero

=nper(0.0055 ,-2400,178000,0)= 95.55   months

= 95.55 /12 months=7.96 years

8 0
3 years ago
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