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Ilya [14]
3 years ago
6

Marginal utility is the​ ________ satisfaction gained by consuming​ ________ of a good.

Business
1 answer:
Tamiku [17]3 years ago
3 0

Marginal utility is the extra satisfaction gained from consuming one more unit of a good.

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The following items are taken from the financial statements of Cullumber Company for 2022:
Doss [256]

Answer:

                                          Cullumber Company

                                          Balance Sheet

                                          As at 2022

Explanation:                      Amount in $

Current Assets

Accounts Receivable           12,500

Cash                                      13,000

Prepaid Insurance                  6,600

Supplies                                  4,600

Total Current Assets            36,700

Non-Current Assets

Equipment (225,000-36,900)  188,100

Total Assets                            <u>  </u><u>224,800</u>

Liabilities & Shareholders' Equity

Current Liabilities

Accounts Payable                10,600

Notes Payable                      65,000

Salaries Payable                      3,900

Total Current Liabilities           79,500

Equity

Common Stocks                      97,000

Retained Earnings (25,900+133,000-21,400-13,600-2,600-16,800-33,500-6,700)                                          64,300  

Dividends                                   (16,000)

 Total Equity                              145,300

Total Liabilities & shareholders' equity    <u>224,800</u>  

4 0
3 years ago
Suppose the production function in medieval Europe is Y 5 K 0.5L0.5, where K is the amount of land and L is the amount of labor.
Sonbull [250]

Answer:

a) Y = 500

b) Wages: 2.5

   Rental price: 2.5

   

c) labor Share of output: 0.370511713 = 37.05%

Explanation:

Y = 4K^{0.5} \times L^{0.5}

if K = 100 and L = 100

Y = 5(100)^{0.5} \times (100)^{0.5}

Y = 50 \times 10

Y = 500

wages: marginal product of labor = value of an extra unit of labor

dY/dL (slope of the income function considering K constant while L variable)

ax^b = bax^{b-1}

Y = 5K^{0.5} \times L^{0.5}

Y' = 5K^{0.5} \times 0.5 L^{-0.5}

Y' = 2.5K^{0.5} \times L^{-0.5}

Y' = 2.5(\frac{K}{L})^{0.5}

With K = 100 and L = 100

Y' = 2.5(\frac{(100)}{(100)})^{0.5}

Y' = 2.5

rental: marginal product of land = value of an extra unit of land

dY/dK (slope of the income function considering K variable while L constant)

Y = 5K^{0.5} \times L^{0.5}

Y' = 2.5K^{-0.5} \times L^{0.5}

Y' = 2.5(\frac{L}{K})^{0.5}

L = 100 K = 100

Y' = 2.5(\frac{100}{100})^{0.5}

Y' = 2.5

c) we use logarithmic properties:

Y = 50 \times 10

log500 = log(50 \times 10)

log500 = log50 + log10

50 was the land while 10 the labor

2.698970004 = 1.698970004 + 1

share of output to labor: 1/2.698970004  = 0.370511713

5 0
3 years ago
The chief goal of human relations is to
Eddi Din [679]
73. They are called Human relations or HR because they are responsible to make sure that the employees that working on the Company they are in is find and having no difficulties. They ensure that they answer the queries and clarification of the employees and also make takes action if there are unnecessary problem or issue that is going on to every person in the company. They are also the one who provide protocols and work ethics to make sure that the company is in good conditions in terms of professionalism.
4 0
3 years ago
Rob Lowe would like to invest $100,000 in Franklin Inc., which is offering common stock, preferred stock, and bonds on the open
jeka57 [31]

Answer:

1. Franklin Inc. is not under any legal obligation to pay divided to common stock holders. A company can only pay dividend when it makes profit. A company may not pay dividend even when it makes profit because payment of dividend at the discretion of board of directors. Dividends on common stocks are not fixed.

Payment of dividend to preferred stock holders is fixed because preferred stocks are fixed income securities. Dividend in this case does not depend on the financial fortune of a company. In case of cummulative preferred stocks, arrears of dividend in a given year can be carried forward to another year.

Franklin Inc is under a legal obligation to pay interest to debenture holders because the company is under bond to pay principal and interest as and when due. Bonds are also fixed income securities in which interest is fixed regardless of whether the company makes profit or not.

2. Rob Lowe is advised to invest in bonds because he is guaranteed of his principal and interest as and when due since the interest on bond and principal do not depend on the financial fortune of the company.

Explanation:

In the first case, explanations were made on the obligation of the company to pay dividend or interest.

In the second case, explanations were provided on the appropriate investment to undertake.

8 0
3 years ago
g George's gross pay for the week is $800. George's deduction for federal income tax is based on a rate of 15%. He has a weekly
aalyn [17]

Answer:

The amount of George's net pay is $568.8  per week.

Explanation:

Because George's yearly pay is under the limit for OASDI, he don't bear the income tax either.

                                         Rate Amount

Gross pay                                      $800.0

Personal deduction             15%     $120.0

Medical insurance deduction       $50.0

FICA Social Security          6.20%      $49.6

FICA Medicare                    1.45%        $11.6

Income Before Tax                     $568.8

Taxation                                         0%         $0

Net Pay                                             $568.8

8 0
3 years ago
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