The primary ethical issue with regard to market allocation of water resources is the human disregard for the intrinsic value of water.
<h3>What are the ethical issues relating to Water?</h3>
The ethical issues relating to water are:
- Sustainability;
- Equity and Proportionality
- Principle of the common good
- Responsible Stewardship
- Deliberate Participation etc.
Controlling the loss and contamination of drinkable water is a major issue around the world because, given the current population growth rate, the rate of contamination or loss must not exceed the ability of the natural water source to cleanse itself.
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Mr. Rational is a utility maximizer, he should buy less of X and more of Y.
<h3>What do you mean by marginal utility?</h3>
- In economics, marginal utility refers to the additional pleasure or benefit (utility) a buyer receives by purchasing an additional unit of a good or service.
<h3>What is marginal utility and formula?</h3>
- The general rule in economics is that marginal utility equals total utility change divided by change in quantity of goods.
- The equation looks like this Total utility difference divided by amount of commodities difference equals marginal utility.
- Find the first event's overall utility.
According to the question:
The amount that Mr. Rational is going to spend = $27.
Quantity of good X = 5 units.
Price of good X (Px) = $3 per unit.
Marginal utility of 5th unit of X (MUx) = 30.
Quantity of good Y = 6 units.
Price of good Y (Py) = $2 per unit.
Marginal utility of 6th unit of Y (MUy) = 18.
Now find
Now
Since the
So, good x will be substituted for y in order to reach the consumer equilibrium.
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I am assuming the that the amount posted are the costs of the equiptments.
Computer system:
Cost : 22,400
Life usage : 4 years
Depreciation : 22,400 / 4 = 5,600
Office Equipment:
Cost : 8,000
Life Usage: 5 years
Depreciation : 8,000 / 5 = 1,600
DEBIT CREDIT
d) Depreciation Expense - C.E. 5,600
Accumulated Depreciation - C.E. 5,600
e) Depreciation Expense - O.E. 1,600
Accumulated Depreciation - O.E. 1,600