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nirvana33 [79]
3 years ago
15

If total utility has reached a maximum level, and assuming that diminishing marginal utility already applies, then what will hap

pen as the consumer consumes additional units of the product?
Total utility will increase at a diminishing rateMarginal utility of the additional units will turn negativeMarginal utility of the additional units will be greater than zeroTotal utility will turn negative
Business
1 answer:
Nady [450]3 years ago
4 0

Answer:

Marginal utility of the additional units will turn negative

Explanation:

As total utility has reached a maximum level, adding additional units of the same product will generate the total utility to decrease thus, the marginal utility of this additional products is negative as they made the utility of the consumer to decrease.

The diminish return theory state that:

The units increase utility at a decreasing rate  and then, they reach a maximum of utility afterwhihc, additional units do not generate utility, they decrease it

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Flask Company reports net sales of $4,000 million; cost of goods sold of $3,600 million; net income of $720 million; and average
denpristay [2]

Answer:

1.16

Explanation:

Given that,

Net sales = $4,000 million;

Cost of goods sold = $3,600 million;

Net income = $720 million

Average total assets = $3,450 million

Total Asset Turnover Ratio:

= Net Sales ÷ Total Average Assets

= $4,000 million ÷ $3,450 million

= 1.16

Therefore, the total asset turnover ratio of Flask Company is 1.16.

3 0
3 years ago
A company creates 40 units of a product using 30 hours of labor and 15 sheets of paper. Labor costs $10/ hour and paper costs $5
Scorpion4ik [409]

Answer:

0.038 units per $ of factor costs

Explanation:

Labor cost for 40 units  = 30 hours × $10/hour = $300

Cost of paper for 40 units = 15 sheets × $50/sheet = $750

Output = 40 units

Multi factor productivity is expressed as;

Multi factor productivity = Output/Total Factor cost

Multi factor productivity = 40 units/$1050 = 0.038 units per $ of factor cost

Multi factor productivity is a measure that depicts units produced for every $ of factor products used. In the above case 2 factors i.e labor and paper are used.

8 0
3 years ago
Because of the relatively high interest rates, most consumers attempt to pay off their credit card bills promptly. However, this
telo118 [61]

Answer:

a) Proportion = 41.3%

b) Proportion = 9.18%

c) Proportion = 13.35%

d) Interest payment = $37.28

Explanation:

We have normal distribution with mean = 29 and standard deviation = 9

a) The proportion of the bank’s Visa cardholders pay more than $31 in interest is:

P(X > 31) = (\frac{X-29}{9}>\frac{31 -29}{9}) = P (Z > 0.22) = 1 - P (Z ≤ 0.22) =  

1 - 0.58706 = 0.41294 = 41.3%

The proportion of the bank's Visa cardholders pay more than 31 dollars in interest is 41.3%.

b) The proportion of the bank’s Visa cardholders pay more than $31 in interest is:

P(X > 41) = (\frac{X-29}{9}>\frac{41 -29}{9}) = P (Z > 1.33) = 1 - P (Z ≤ 1.33) =  

1 - 0.90824 = 0.09176 = 9.176% ≈ 9.18%

The proportion of the bank's Visa cardholders pay more than 31 dollars in interest is 9.18%.

c) The proportion of the bank’s Visa cardholders pay more than $31 in interest is:

P(X > 19) = (\frac{X-29}{9}>\frac{19 -29}{9}) = P (Z < -1.11) = 1 - P(Z ≤ -1.11)) =0.13350 = 13.35%

The proportion of the bank's Visa cardholders that paid less than 19 dollars in interest is 13.35%.

d) Let's suppose this amount of payment is Y:

Therefore P(X > Y) = 0.18

so P(X < Y) = 0.82

Utilizing standard normal approximation

P(X ≤ Y) = (\frac{X-29}{9}\leq \frac{Y -29}{9}) = P (Z ≤ \frac{Y-29}{9})  =  0.82

Form the standard normal table we find that \frac{Y-29}{9} = 0.92

Therefore,

Y - 29 = 9×0.92

Y - 29 = 8.28

Y = 8.28 + 29 = 37.28

Therefore $37.28 of interest payment is exceeded by only 18% of the bank's Visa cardholders.

3 0
3 years ago
Tessler farms has a return on equity of 11.28 percent, a debt-equity ratio of 1.03, and a total asset turnover of .87. what is t
Digiron [165]
<span>Return on equity = 11.28 percent = 11.28/100 = 0.1128
debt-equity ratio =1.03
total asset turnover = 0.87
return on assets = ?
we can find return on assets by using the formula
= return on equity / (1 + debt equity ratio)
= 0.1128 / (1 + 1.03)
= 0.1128 / 2.03
= 0.0556 = 0.0556 x 100 = 5.56%
So, the return on assets is 5.56%</span>
8 0
3 years ago
Describe at least two methods you would use to identify job opportunities if you were looking for a job. Explain why you would u
Rainbow [258]

Answer:

The two methods which I will use to identify job opportunities if I will look for a job are as follows:

* Temping or Internships

* Company Websites

Explanation:

* Temping or Internships

Seldom interim employment can lead me to changeless positions. As I am without a job, obtaining a short space among a renowned organization is an excellent method to acquire a footing in the entrance, or produce me including valuable business connections to convene upon in the eternity.

* Company Websites

As I previously hold my dream as an employer in cognizance, why not move undeviatingly to the job part of the companies website. If I will see for opportunities on the companies website, there is a possibility I will obtain exactly the opportunity that I have been expecting for.

4 0
3 years ago
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