Answer:
would leave the market first if the price were any lower.
Explanation:
Utility can be defined as any satisfaction or benefits a customer derives from the use of a product or service.
Thus, any satisfaction or benefits a customer derives from the use of a product or service is generally referred to as a utility.
In Economics, The law of diminishing marginal utility states that as the unit of a good or service consumed by an individual increases, the additional satisfaction he or she derives from consuming additional units would start decreasing or diminishing as the units of good or service consumed increases.
A marginal seller refers to an individual or business firm that is most willing to sell his or her goods and services at a price that is typically equal to their economic cost while forfeiting producer surplus.
A producer surplus is the amount a buyer is willing to pay for a good minus the cost of producing the good.
Hence, a marginal seller is the seller who would leave the market first if the price were any lower.
Answer:
Being able to find other entrepreneurs that are interested in the same target market, learning from their experience, asking for their help and building PR relations
Answer:
d. hostile takeover; tender offer
Explanation:
The hostile takeover is the transaction of the merger in which the management of the firm i.e. targeted would not support and acquirer could attempt to gain the control for purchasing the enough shares. And this could be achieved via a tender offer
Therefore as per the given situation, the option d is correct
hence, the same is to be considered
Answer and Explanation:
The number of packets of waffles is W
and the number of muffins are M
The weight of dough is 250 pound and a pack of muffins requires 1 lb of dough whereas a pack of waffles uses 3/4 lb of dough.
3÷4W+M≤250
Multiplying both sides by 4
3W+4M≤1000
It takes bakers 6 minutes to make a packer of waffles and 3 minutes to make a pack of muffins, the total time available is 20 hours or 1200 minutes.
3M+6M≤1200
Minus the initial equation from the new equation:
(3M+6M≤1200)−(3W+4M≤1000)
2M≤200
Dividing equation by 2
M≤100
For M≤100
3W+4M≤1000
3W≤1000−4M
For the Maximum values of M
the least value of W is obtained
3W≥1000−4×100
3W≥600
Dividing the equation by 3
W≥300
For maximum profit, the number of waffles and muffins is taken as 300 and 100 respectively :
1.5∗300+2∗100
=650
Answer:
If C were disabled, his beneficiaries would receive $70,000, less any outstanding interest charges
Explanation:
Policy loans can generally amount up to 100% of the cash surrender value of the policy, in this case C only requested $10,000 (1/3 of the cash value). This type of loan is fully collateralized by the cash value of the policy and the borrower can even miss some payments or pay on a later date because interests keep adding.
This type of loan can carry a fixed or variable interest rate, depends on the insurer.
If C surrenders his policy, he will receive the total cash surrender value minus the loan amount = $30,000 - $10,000 = $20,000
If C dies, his beneficiaries would receive the full benefits minus the loan amount = $100,000 - $10,000 = $90,000
