Answer:
Tom can afford 6 rentals and his utility is at maximum level, when he consumes 8 slices of pizza and rents 8 movies per week.
Explanation:
For the given utility equation 24$= 6*slice of pizza + 3*rented movie, where pizza levels are 1,2,3 and 4, we have:
24 = 6*1 + 3* x
x = 6
24 = 6*2 + 3*x
x = 4
24 = 6*3 +3*x
x = 2
24 = 6*4 + 3*x
x= 0
His total utility is the sum of given utilities per week, which he has from slices of pizza eaten and movies rented. Therefore he should consume 8 slices of pizza and rent 8 movies per week.
Answer:
When the economy reaches full real output, there is no spare capacity left and therefore as real output increases, the price level will increase. There are no workers left in the economy as full employment is reached.
Answer:
Net Asset value (NAV)
Explanation:
Net Asset value (NAV) represent per share market value of the fund.It is calculated using the below formula
Net Asset value of fund=Value of mutual fund's portfolio-Mutual fund liabilities/Number of share outstanding.
Mutual fund portfolio normally includes all the cash and securities of a fund.
NAV is normally computed at the end of the end of each trading day based on the closing market prices of the fund portfolio.
It becomes more compelling as it increases over time. Basically, when you owe money and die, your children have to pay it back. Then they accumulate their own debt so their children have to pay it then. This goes on for years and years and you end up with a huge national debt that the generations can't pay back and everyone keeps working for money that they don't have.
