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sergiy2304 [10]
3 years ago
6

A consumer has two basic choices in making a trip: rent a car for $30.00 a day and spend two days of travel to the destination,

or spend $400 for an airplane ticket and fly to the destination in two hours. The marginal utilities of the car rental and the airline ticket are the same. The consumer values time at $5 an hour. The rational consumer will most likely:a. Rent a carb. Buy an airline ticketc. Find the full cost of the two modes to be equald. Not make the trip
Business
1 answer:
Irina18 [472]3 years ago
7 0

Answer:

Th answer is: A) Rent a car.

Explanation:

If the consumer rents the car he will spend $60 ($30 per day x 2 days) in rent and $240 (= $5 per hour x 48 hours) in used time. His total cost will be $300.

If the consumer buys a plane ticket he will spend $400 and $10 ($5 per hour x 2 hours) in used time. His total costs will be $410.

Since both marginal utilities are the same, we have to choose the alternative with the lowest possible cost; rent a car.

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A store has 5 years remaining on its lease in a mall. Rent is $2,000 per month, 60 payments remain, and the next payment is due
liubo4ka [24]

Solution:

Sum      Present value of 60 payments

             Rent                                              2000

            Periods                                           60

            Rate                                                 12%

        Present value of 60 payments    $94,405 (Excel = PV( 1% , 60 , 2000))

       Future value of these payments at t=9

       Future value                                   $1,03,249.99(Excel=FV(1%,9,94,405)

       Periods                                              51

        Rate                                                 12%

8 0
3 years ago
Doughton Furniture Company purchased merchandise on credit from Furniture Supply for $8,000. Two days later Doughton returned $2
sleet_krkn [62]

Answer:

E) General journal

Explanation:

The general journal is used to record all the accounting transactions carried out by a company. If the company uses an accounting tool software or a more complete ERP software, the transaction should be recorded immediately or as soon as possible.

For example, the journal record for this transaction should be:

  • Dr Accounts Payable account 6,000
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5 0
4 years ago
Describe the relationship between temps tyre and kinetic energy
Pani-rosa [81]
Temperature is a measure of the average kinetic energy of the particles in an object.so pretty much temperatures also measure how kinetic energy is not how hot or cold it is. hope I helped :)
5 0
3 years ago
Which of the following is an indicator of how much output the average person would get if all output were divided up evenly amon
Effectus [21]

Answer:

C. per capita  GDP

Explanation:

Per capita income is the average income earned per person in a country during a specified period of time . It is the measure of a country's Gross domestic products against its total population.

Per capita GDP is a measure of a country's economic output that accounts for its number of people. It divides the country's gross domestic product by its total population.  it a good measurement of a country's standard of living. It tells you how prosperous a country feels to each of its citizens.

It is calculated by dividing the total GDP of a country by its population

therefore going by the question and the explanation given the best possible answer is C. Per capita GDP

5 0
3 years ago
Thế nào là toàn cầu hóa thị trường, toàn cầu hóa sản xuất?
cricket20 [7]

Answer:

Toàn cầu hóa tiếp thị là một thuật ngữ tổng hợp kết hợp việc xúc tiến và bán hàng hóa và dịch vụ trong một nền kinh tế toàn cầu ngày càng phụ thuộc lẫn nhau và hội nhập. Nó làm cho các công ty không quốc tịch, không tường thành, với Internet trở thành một công cụ tiếp thị và văn hóa không thể thiếu.

Toàn cầu hóa sản xuất là sự hợp nhất các hoạt động kinh tế của các đơn vị tư bản trên phạm vi thế giới. Sản phẩm cuối cùng có thể được lắp ráp từ nhiều đơn vị riêng lẻ, được sản xuất ở một số lượng lớn các quốc gia khác nhau và có thể được sản xuất linh hoạt để đáp ứng nhu cầu thay đổi và để lấp đầy các ngóc ngách thị trường cá nhân.

Explanation:

3 0
3 years ago
Read 2 more answers
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