Answer:
The correct answer is: The benefit of making the request will likely exceed the cost.
Explanation:
Utility maximization implies obtaining the greatest return after making a decision considering the least amount possible of resources in the process to obtain what is desired. The benefit is greater than the cost, utility maximization takes place in determining what the benefit and the cost could be.
Thus, <em>if you decide to tell your spouse where to go to eat for your birthday, the benefit of informing that is likely higher than the cost of disclosing that information</em>.
Answer:
Total FV= $21,043.97
Explanation:
Giving the following information:
Interest rate= 7% compounded annually
<u>To calculate the total accumulated future value, we need to use the following formula on each deposit:</u>
FV= PV*(1+i)^n
Deposit 1= 3,500*1.07^5= 4,908.93
Deposit 2= 5,300*1.07^4= 6,947.22
Deposit 3= 7,500*1.07^3= 9,187.82
Total FV= $21,043.97
There are different type of economies, Mixed economies exist when the distribution of resources involves elements from more than one economic system.
<h3>What is mixed economies? </h3>
Mixed economy is a type of market system where resource are allocated and trade in market where free markets coexist with government intervention.
private companies and government owned both exist and share resources together.
Therefore, Mixed economies exist when the distribution of resources involves elements from more than one economic system.
Learn more on mixed economy here
https://brainly.in/question/2334965
Answer:
Dr cash $12,180
Cr notes receivable $12,000
cr interest revenue $180
Explanation:
The cash receipt implies that the company cash has improved by $12,180 which means that a debit of $12,180 would be recorded in the cash account,since an increase in asset is a debit to the specific asset account.
On the other hand,notes receivable account that was previously debited when the transaction was consummated will now be credited with $12,000 with $180 credited to interest revenue account.
The rationale for credit entry in interest revenue is that an increase in income is naturally a credit entry in the books of accounts.
Answer:
This is widely considered to be a benefit of starting your own business and is also a factor for motivation
