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What is the difference between total utility and marginal utility? A. Marginal utility represents the consumer optimum while to

Ierofanga [76]

Answer:

Total utility is the total amount of satisfaction derived from consuming a certain amount of a good while marginal utility is the additional satisfaction gained from consuming an additional unit of the good.

Explanation:

As consumption increases, total utility increases but marginal utility would begin to diminish after a certain point is reached as a result of diminishing marginal utility.

The Law Of Diminishing Marginal Utility states that all else equal as consumption increases the marginal utility derived from each additional unit falls.

I hope my answer helps you

4 0

4 years ago

Read 2 more answers

Complete the proportion you can use to convert 60 inches to centimeters. Enter your answer with one decimal place. 1 inch 2.54 c

Papessa [141]

Answer:

nothingbiy cu im gonna give you the rong anser yu cant cheat

Explanation:

6 0

3 years ago

Tee Time Golf Resort plans to use famous Kauri wood from New Zealand for parts of the interior of the magnificent clubhouse at i

Tju [1.3M]

Answer:

correct option is C. it's a good time to buy the wood.

Explanation:

given data

slab = 10 feet

cost Tee Time = $5,000

$500 US dollars = $738 NZ dollars

solution

If they import timber from New Zealand. Tea Golf Resort pays less than $ 5000 to import Wood from New Zealand at the current exchange rate. This is a good time for them to import forests

we get here current exchange rate of 1 dollar that is as

US $500 = NZ $738

so $1 = $\frac{738}{500}$

$1 = NZ $1.476

current exchange rate is $1 = NZ $1.476

so

10 foot slab costs $5000

so Tee Golf Resort will pay is

Tee Golf Resort pay = $\frac{5000}{1.476}$

Tee Golf Resort pay = $3387.53

so correct option is C. it's a good time to buy the wood.

3 0

3 years ago

Carnes Cosmetics Co.'s stock price is $51, and it recently paid a $3.00 dividend. This dividend is expected to grow by 25% for t

Novay_Z [31]

Answer:

The answer is 6.17%.

Explanation:

We apply the Dividend Model for solving the questions.

Denote g as the constant dividend growth rate after 3 years which needs to be found.

The principle in the Dividend model is: Current share price = Projected present value of all expected future dividend discounted at company's cost of equity rs =16%.

Thus Current share price = Present value of Dividend paid in Y1 + Present value of Dividend paid in Y2 + Present value of Dividend paid in Y3 + Present value of dividend perpetuity growth after Y3.

=> 51 = (3 x 1.25) / 1.16^1 + (3 x 1.25^2)/ 1.16^2 + (3 x 1.25^3)/1.16^3 + [3 x 1.25^3 x (1+g)]/(0.16-g)/1.16^3 <=> [5.8594 x (1+g)]/(0.16-g)/1.16^3 = 40.5298 <=> [5.8594 x (1+g)]/(0.16-g) = 63.2628 <=> 5.8594 + 5.8594g = 10.1220 - 63.2628g <=> 69.1222g = 4.2626 <=> g = 6.17%.

Thus, the constant rate the stock's dividend expected to grow after Year 3 is 6.17%

6 0

3 years ago

Suppose Nike, Inc. reported the following plant assets and intangible assets for the year ended May 31, 2022 (in millions): othe

lorasvet [3.4K]

Answer:

Nike, Inc.

NIKE, INC.

Partial Balance Sheet as of May 31, 2022

Long-term Assets:

Tangible assets:

Land $240.0

Buildings $970.0

Machinery and equipment $2,080.0

Other plant assets $977.0

Accumulated depreciation ($2,180) 1,847.0

Total net book value $2,087.0

Patents and trademarks (at cost) $500.0

Goodwill (at cost) $220.0

Accumulated amortization ($60.0)

Total net book value $660.0

Total long-term assets $2,747.0

Explanation:

a) Data and Calculations:

Plant assets and intangible assets for the year ended May 31, 2022 (in millions):

Other plant assets $977.0

Land $240.0

Patents and trademarks (at cost) $500.0

Machinery and equipment $2,080.0

Buildings $970.0

Goodwill (at cost) $220.0

Accumulated amortization $60.0

Accumulated depreciation $2,180

b) Long-term assets are non-current resources that the entity owns as a result of past events, which are expected to generate future benefits. Some long-term assets have physical properties. They can be touched or seen. They are tangible assets and are subject to depreciation. Intangible assets do not have physical substance and are amortized.

8 0

3 years ago