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3 years ago

Which purchase would lead to decreasing marginal utility?

1 answer:

7 0

<span>Purchasing something that you already have enough of leads to decreasing marginal utility. This rule influences individuals to spend their money across a variety of consumable goods and services rather than concentrate all of their spending in one area, such as vehicles, food or clothing. When a person spends their money purchasing products or services beyond their immediate needs, then they will enjoy the spending power of their money much less.</span>

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if a bookseller buys a paperback book for 4$ and the book is labeled with a selling price of 6.99,how much is the dollar markup?

lbvjy [14]

Given:
Selling price = 6.99
Cost = 4

The dollar markup is computed by deducting the cost from the selling price.

6.99 - 4 = 2.99 is the dollar mark-up based on cost.

2.99/4 = 0.7475 x 100% = 74.75% is the percentage mark-up based on cost.

8 0

3 years ago

The link between labor costs in china and the price of mp3 music players in the u.s. is an example of ________.

valina [46]

the example is Globalization

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3 years ago

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Cindy invests $3000 in a bond trust that pays 8% interest compounded semiannually. Her friend, Jimmy, invests $3000 in a certifi

Elanso [62]

Answer:

Cindy has more amount than Jimmy.

Explanation:

Amount invested by Cindy P = $3000

Annual rate of interest = 8%

As the amount is compounded semiannually

So rate of interest $=\frac{8}{2}=4%$ %

Time = 20 year

So time period n = 20×2 = 40

So amount own by Cindy $A=P(1+\frac{r}{100})^n$

$A=3000(1+\frac{4}{100})^{40}=14403.06$ $

Amount deposit by jimmy P = $3000

Annual rate of interest = 7.75 %

As the amount is compounded monthly

So rate of interest $r=\frac{7.75}{12}=0.322$ %

Time period = 20×12 = 240

So amount own by Jimmy $A=P(1+\frac{r}{100})^n$

$A=3000(1+\frac{0.322}{100})^{240}=6503.650$ $

From the calculation we can see that Cindy has more amount than Jimmy.

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3 years ago

The first step of the accounting cycle is to

elixir [45]

A. Record journal entries

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3 years ago

All of the following are steps to help you be a good problem solver except:

andriy [413]

I would say that all of the following are steps to help you be a good problem solver except B and C. You need to define the problem and then set about creating solutions. For example, if it is becoming too expensive to haul ore out of an open pit because it its too deep so the haulage costs are prohibitive, then a potential solution involves decreasing haulage costs by shortening the haul which can be resolved by extending in pit conveyors and crusher down close to the ore deep within the pit.

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3 years ago

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