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AlexFokin [52]
3 years ago
15

Suppose that Dillon derives 40 utils of total utility from eating 5 hotdogs and 42 utils of total utility from eating 6 hotdogs.

What is​ Dillon's marginal utility from eating the 6th​ hotdog? A. 7 B. 6 C. 2 D. 6.67
Business
1 answer:
gavmur [86]3 years ago
3 0

Answer: The marginal utility is 2

Explanation:

Utility is the satisfaction derived from the consumption of a particular commodity. Total utility is the total satisfaction derived from the consumption of a particular commodity. Marginal utility is the extra satisfaction that a consumer gets from consuming a product. Utility is measured in utils.

Marginal utility increases with an extra consumption of a good at first but later it begins to reduce as the extra good consumed doesn't really have give the consumer enough satisfaction anymore.

Regarding the question, eating 5 hotdogs gives 40 utils and eating 6 hotdogs gives 42 utils.

The marginal utility is the extra utils which will be 42-40 which gives 2 utils.

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Alpha First Company just began business and made the following four inventory purchases in June: June 1 150 units $1040 June 10
grandymaker [24]

Answer:

a. $1508

Explanation:

June 1    150 units

June 10  200 units

June 15  200 units

June 28  150 units

Total       700 units

Out of above, only 210 units are in hand. Under LIFO method, 150 units are from 1st June and 60 units are from 10th June.

Date     Units (a)  Per unit cost (b)  Ending inventory (a*b)

June 1       150      $6.93 (1040/150)        $1.040

June 10     60       $7.8 (1560/200)          $468

Total         210                                           $1,508

So, using the LIFO inventory method, the value of the ending inventory on June 30 is $1,508

3 0
3 years ago
True or false: When a capital investment decision is being made between two or more alternatives, the project with the shortest
Flura [38]

Answer:

False

Explanation:

The payback period refers to the specific period of time that it is required to recover the amount invested and it is an important factor to take into account but the project with the shortest payback period is not necessarily the most desirable investment because other factors are also considered, for example, the expected profit and the conditions in the environment that may affect the assumptions made. Because of that, the answer is that the statement is false.

3 0
3 years ago
From the standpoint of the issuing company, a disadvantage of using bonds as a means of long-term financing is that
kumpel [21]

Answer:

interest must be paid on a periodic basis regardless of earnings

Explanation:

Businesses need funds to operate and they sometimes issue bonds to get the needed bonds.

Bonds are debt instruments that are sold to investors to get funds. Interest is also paid to the bond buyer for the tenure of the bond.

The major disadvantage of using bonds as a source of bonds from the standpoint of the issuer is that interest must be paid on a periodic basis regardless of earnings.

6 0
3 years ago
You have 40 years left until retirement and want to retire with $5 million. Your salary is paid annually, and you will receive $
Marat540 [252]

Answer:

16.67%

Explanation:

Calculation to determine what percentage of your salary must you save each year

First step is to calculate the Annual savings

Annual savings=$5 million*[(10%-3%)/(1+0.1)^40-(1+0.03)^40]

Annual savings=$5 million*0.07/(1.1^40-1.03^40)

Annual savings=$8333.88

Now let determine the percentage of the salary you must save each year

Proportion of savings=$8333.88/$50,000

Proportion of savings=0.1667*100

Proportion of savings=16.67%

Therefore the percentage of your salary that you must save each year is 16.67%

5 0
3 years ago
When a bond contract rate is less than the current market rate on the date of issuance, the bond will be sold at a(n)?
nekit [7.7K]

When a bond contract rate is less than the current market rate on the date of issuance, the bond will be sold at Discount

          Discount = Contract rate is less than the market rate.

What is meaning of discount and its types?

When a reduction in the amount is allowed in order to encourage more purchase or to have an on time payment is referred to as discount. Discount are classified as: Trade discount: The discount which is allowed when purchases are made in large quantity is known as trade discount.

Contract rate:

The contract rate; also called the coupon rate, stated rate, or nominal rate; is the interest percentage listed on the face of a note or bond. In other words, this is the interest rate that will be paid on the principle balance for the life of the note or bond.

Learn more about bond contract rate:

brainly.com/question/24233531

#SPJ4

7 0
2 years ago
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