Answer:
be positive, negative, or zero
Explanation:
Marginal utility is the additional utility derived from consuming one more unit of a good
the consumption decision is to consume more units of a good that gives the higher utility per good.
Marginal utility = change in total utility / change in units consumed.
When marginal utility is positive, it means that increasing consumption by one unit increases total utility
When marginal utility is negative, it means that increasing consumption by one unit decreases total utility
When marginal utility is zero, total utility has reached its maximum and no more units of goods would be consumed
An example of marginal utility. Imagine a traveller arriving from the desert where he hadn't had a drink of water in days .he is offered his first glass of water. the first cup of water he drinks would give him the highest utility. As more and more cups of water is drank, marginal utility decreases. At the point where he is fully satisfied, he stops drinking water and marginal utility becomes zero.
Answer:
b. Public good
c. Private good
d. Public good
Explanation:
Private goods are those kind of goods, which has the characteristics of rivalrous as well as excludability.
Club goods are those kind of goods which are excludable but are not rival.
Common resources are those kinds of goods which are not excludable but are rival in nature.
Public goods are those goods which are for the public to use.
So, classifying the above points into the same as:
b. Cabana which is near a beach, is open for public - It is a public good as it is open for public.
c. BMW, which the person use to drive his or her friends - It is a private good, as the person purchased himself, so its the person choice to ride his or her friends.
d. Fountain in a park - Park is made for the public and fountain in the park is for public as well.
Answer:
The EAR you earn from the match is 100%.
Explanation:
Because you will receive a full 5% match if you invest 5% of your pay, this means you will earn 100% of the match up to 5%.
For instance, if you put in 5% of your salary which is determined to be $500 (i.e. $10,000 salary * 5%), East Coast Yachts will match that amount up to $500. This means that you will receive a 100 percent effective annual return (EAR) from the match.
As a result, the EAR you earn from the match is 100%.
Answer:
- <u>The numbrer of performance obligations is equal to the number of new subscribers.</u>
<u></u>
Explanation:
Each <em>new subscriber </em>generates a<em> performance obligation</em>, as the automotive magazine provides a coupon to each new subscriber, and each coupon is a promise to provide the discount.
A perfomance obligation is a contractual promise to provide a “distinct” good or service to a customer" (taken from the internet).
Whether or not the an obligation will be recognized or not will depend on whether the subscriber uses the coupon or not, but that does not depend on the will of the automotive magazine: they are obliged to provide the discount to every subsriber that uses the coupon (within the terms of the contract).
Thus, since each coupon is a contract, each one is a performance obligation.
Answer:
Only 35% of the dividend arising from September to December, 2014 would be recognized as revenue in the income statement.
Explanation:
The remainder of the income is not relevant as it was accounted for under the market value method because the share holding was below the associate shareholding. Under the market value method, gain and losses on the increase and decrease of market value of investment are recognized in the comprehensive income statement.
The equity method says that the income from the investment is only recognized if the shareholding is above the shareholding requirement of associate. So from the month the investment was considered as an associate investment which is September, 2014 and onwards, the firm must recognize dividends received from this date as an income in its financial statement.
