Answer: Cigarette smoking
Explanation:
Utility is simply defined as the satisfaction or the enjoyment that an individual gets when the individual consumes a particular good.
An individual who smoked cigarette derives satisfaction from it and gets value for his or her money, therefore it's good for him or her. But in the case of someone who doesn't smoke, the person will see cigarette as something bad because it gives disutility to him or her.
This argument makes sense as some economists suspect that one of the reasons that economies in developing countries grow so slowly is that they don't have well-developed financial markets.
Why do economies in developing countries grow slowly?
The financial market is crucial for facilitating the flow of funds from individuals to investors to promote economic efficiency. It is exceedingly expensive and challenging to establish efficient financial markets in underdeveloped markets in emerging countries, which hurts economic growth.
What causes a country to grow faster than another country?
The labor force in nations having access to new technology and/or a wealth of research and development is frequently more productive than in nations without such access. Economic growth accelerates as productivity rises.
Learn more about financial markets: brainly.com/question/16623249
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Answer:
By $297 Nancy cash flow are more worthy in present value terms.
Explanation:
Marry
APV = C x [ ( 1 - ( 1 + i )^-n ) / i ]
C = Monthly payment = $9,900
Interest rate = i = 12% = 0.12
n = number of years = 34 years
APV = $9,900 x [ ( 1 - ( 1 + 0.12 )^-34)/0.08 ]
APV = $800 x 11.2578
APV = $82,203
Nancy
PV of perpetuity = Cash flow / Interest rate = $9,900 / 0.12 = $82,500
Difference = $82,500 - $82,203 = $297
By $297 Nancy cash flow are more worthy.
Answer:
d. 15 chairs/worker/day
Explanation:
Given that
Average of standard dining chairs = 450
Number of employees = 6
Number of days in a week = 5
So, The formula and the computation of the labor productivity of this operation is presented below:
Labor Productivity = Output ÷ Labor Input
where,
Output = 450 standard dining chairs
Labor output = 6 employees × 5 days in a week = 30
So, labor productivity is
= 450 ÷ 30
= 15 chairs per worker per day