Answer:
Marginal Benefit = 7,6,5,4,3,2,1 .
Optimal Equilibrium = 4 units of consumption
Explanation:
Marginal Benefit is addition to total benefit when an additional unit is consumed.
Marginal Benefit = Total Benefit @ n - Total Benefit @ n-1
MB = 15-8 = 7
21- 15 = 6
26 - 21 = 5
30 - 26 = 4
33 - 30 = 3
35 - 33 = 2
36 - 35 = 1
Optimal Equilibium is where Marginal Benefit = Price . Such because : before that - MB > Price , increasing consumption is better for consumer. MB< Price , decreasing consumption is better for consumer.
In this case : Price i.e $4 = MB 4 at 4th gallon . So , this is optimal equilibrium.
Answer:
More bankruptcies
Explanation:
Financial crises are caused by number of reasons such as stock market crash, liquidity shortage, over-valued assets which make investors sell off their investments hence causes panic withdrawals for customers due to rumored banking collapse etc.
When financial crises occur, the profit due to firms will be eroded because the revenue expected by them is not coming forth. Moreso, the overall corporate profit would also be affected by the financial crises hence bring about loss and subsequent bankruptcies.
Financial crises creates unemployment or massive lay-offs, loss of money hence increase chances of creating more bankruptcies.
Answer: Herbert's gross income is $100,910.
We include Herbert's salary when he was employed, unemployment compensation, dividends and winnings from lottery while calculating gross income.
We don't include his withdrawal from savings accounts, but we consider the $60 interest he earned on his savings account.
We also don't include any loans that he's taken in computing gross income.
So, Herbert's Gross Income will be:
Salary 90000
Unemployment benefits + 8800
Dividends + 550
Winnings from lottery + 1500
Interest earned on savings account + 60
Gross Income (Total) 100910
Answer:
commodity manager
Explanation:
Minerals usually trade in commodity markets along with other natural resources and primary products (e.g. sugar, iron ore, soy bean). A commodity manager is in charge of creating an efficient supply chain that guarantees an uninterrupted supply and the lowest possible purchase cost. A challenge most commodity managers face is the risk associated with commodity suppliers, and they must implement strategies that reduce it.
The answer is To give a sense of luxury