Answer:
The utility received from consuming one unit of a good
Explanation:
Marginal utility refers to the additional satisfaction that a consumer will obtain from consuming additional units of goods or services.
Marginal utility is utilized by economists to identify and check how much of a particular item a consumer is willing and ready to buy.
Marginal utility is calculated as:
change in total utility/ change in the number of goods consumed.
<u>Calculation of amount of annuity:</u>
It is given that Steve Madison needs $250,000 in 10 years. And we are asked to find how much must he invest at the end of each year, at 5% interest. That means we are asked to find the annuity amount, which can be calculated as follows:
Annuity = Future value / Future value of $1 Annuity
Future value is $250,000
And Future value of $1 Annuity (5%, 10 years using the Present value table) is 12.57789
Hence, the Annuity = 250,000 / 12.57789 = 19,876.15
Hence Steve Madison should invest <u>$19,876.15</u> each year.
Answer and Explanation:
From the given case/scenario, we can conclude that the transaction done by Lenny would constitute as sale of a good/commodity under the Article 2, in the transaction done by Lenny, the sale of goods tends to predominate. Therefore, under Article 2 it will constitute as a sale of a good or commodity.
Answer: An increase in the Interest rates and the cost of building the station
Explanation:
Before setting out to do business, most companies and investors calculate the cost of setting up the business and what they stand to gain when the business does well and when it doesn't. Most of these analysis are done when the business is being put into consideration. When there is a change in cost of any of the items put into consideration, the business would either be carried out or cancelled. What could discourage the Black oil company would be either an increase in interest rates or cost of building the station.
Systems thinking corresponds to the view that an organization is a complex system where each department is integrated to achieve the same objectives and goals established by strategic planning.
<h3 /><h3>The four main components of systems thinking</h3>
It is an approach whose ideas base systems thinking on the four components, which are:
- Making distinctions
- Organizing systems
- Recognizing relationships
- Taking multiple perspectives
Therefore, through the four components of systems thinking, management can be carried out more effectively, focusing on the organizational structure according to a more comprehensive and interconnected view.
A manager with a systemic view will base his administration on the continuous improvement of each organizational system for the process to flow effectively.
Find out more information about organizational systems here:
brainly.com/question/1288780
