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3 years ago

(ECONOMICS)

Business

1 answer:

Oxana [17]3 years ago

6 0

The correct answer is Diminishing Marginal Utility.

When the first unit of goods and service consumption has more utility than the second and continues to reduce great amounts then the marginal utility increase its consumption.

The endowment is where marginal change starts. Across the ranges which are relevant to making decision are the ones which are referred to as diminishing marginal utility. An individual gains when consumption increases for a certain good and then allows an increase in utility.

The value of goods and time preference are good examples of economic phenomena which is numerous. If rate of acquisition increases, there is a decrease in marginal utility. When consumption rise continues then the marginal utility it reaches at point when it lowers up ti zero and this it has reached total maximum utility.

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Camaro GTO Torino Cash $ 2,000 $ 110 $ 1,000 Short-term investments 50 0 580 Current receivables 350 470 700 Inventory 2,600 2,4

SSSSS [86.1K]

Answer:

<u>Current Ratio :</u>

Camaro = 2.6

GTO = 3.5

Torino = 1.95

<u>Acid Test Ratio :</u>

Camaro = 1.3

GTO = 1.08

Torino = 0.84

Explanation:

The current ratio and acid-test ratio for each of the following separate cases will be as follows

Current ratio = Current Assets ÷ Current Liabilities

Camaro = 2.6

GTO = 3.5

Torino = 1.95

Acid Test Ratio = (Current Assets - Inventory) ÷ Current Liabilities

Camaro = 1.3

GTO = 1.08

Torino = 0.84

8 0

3 years ago

True or False. For consumers, a credit card offers convenience.

evablogger [386]

True Because you just swipe the card and the pay your bills

6 0

3 years ago

Jackson company has the following financial information for their most recent fiscal year: Revenues Cost of Sales Interest Expen

irinina [24]

Answer:

The calculations are shown below

Explanation:

The computations are shown below:

But before that, first we have to prepare the income statement so that the values could come

Particulars Amount

Revenues $99,700

Less: Cost of sales -$64,700

Gross profit $35,000

Less: Interest expenses -$1,800

Earnings before tax $33,200

Less: Taxes -$11,620

Net income $21,580

So, the calculations are shown below:

1. Earnings per share = Net income ÷ Common stock outstanding

= $21,580 ÷ 16,000 shares

= $1.35 per share

2. Price earnings ratio = Stock price per share ÷ Earnings per share

= $22 ÷ $1.35

= 16.3 times

3. Long term debt to equity ratio = Long term debt ÷ Total equity

= $45,800 ÷ $120,000

= 0.38 times

4. Total market value = Number of shares outstanding × Market price per share

= 16,000 shares × $22

= $352,000

4 0

3 years ago

Suppose the Federal Reserve announces that it will be making a change to a key interest rate to increase the money supply. This

lubasha [3.4K]

Answer:

Correct option is B

The Federal Reserve is worried about unemployment

Explanation:

We know from phillips curve, there is a backwards connection between swelling rate and joblessness rate. Hence joblessness rate can be diminished by expanding expansion which should be possible by expanding cash supply.

Or then again an expansion in cash supply will diminish loan fee prompting increment in venture and subsequently increasingly capital development, because of which more work is required and therefore joblessness diminishes.

4 0

3 years ago

g Price changes from year to year are not proportional, and consumers respond to these changes by altering their spending patter

Tpy6a [65]

Answer:

d. substitution bias.

Explanation:

Price changes from year to year are not proportional, and consumers respond to these changes by altering their spending patterns. The problem this creates for inflation calculations is called substitution bias.

A problem with the Consumer Price Index (CPI) arises from the singular fact that, when the price level of a product becomes relatively less expensive or lower, consumers tend to buy more quantity of the product and consequently, a lesser quantity of goods that are relatively more expensive.

Hence, their spending pattern changes with respect to the prices but it's not completely adjusted with the Consumer Price Index (CPI), thus, making the inflation rate to differ because of the problem of substitution bias.

6 0

3 years ago