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Cloud [144]
3 years ago
14

A big concern with trying to measure utility is that:a. it is difficult to measure marginal utility.b. individuals cannot place

utility values on different goods and services.c. to measure utility, you need monetary values of the goods and services.d. each individual has a unique personal scale for her or his utility measures.e. there is no distinction between utility for goods and utility for services
Business
1 answer:
PIT_PIT [208]3 years ago
7 0

Answer: Option D

Explanation: Utility in simple words is the usefulness of any good or service. Utility is a qualitative characteristic and usually cannot be determined in quantitative terms. For example - how much one enjoyed a trip to disney land is the utility of that trip.

As explained earlier it is a qualitative characteristic, therefore, each individual has its own measure of utility based on their own preference and choice.

Hence, from the above we can conclude that option D is correct.

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Each firm in a competitive market has a cost function​ of: Upper C equals 25 plus q squared​, so its marginal cost function is M
Effectus [21]

Answer and Explanation:

The computation is shown below:

TC = 25 + q^2

Now

Marginal cost is

= dtc ÷ dQ

= 2q

Average variable cost  (AVC) = q

We Assuming perfect competition so there is a free entry so no profits

Therefore

ATC = P

ATC = TC ÷ q  

= q + 25 ÷ q

Now

MC = MR = P = ATC

2q = q + 25 ÷ q

q = 25 ÷ q

q^2 = 25

So, Quantity per firm = q = 5

Now

P = MC = MR = ATC

= q + 25 ÷ q  

= 5 + 25 ÷ 5  

= 5 + 5

= 10

hence, equilibrium price is 10

Now

Q = 35 - P  

= 35 – 10

= 25

Hence, Market quantity (Q)  = 25

And, the number of firms i.e n

N = Q ÷ q  

= 25 ÷ 5

= 5

3 0
3 years ago
You purchased 100 shares of common stock on margin at $60 per share. Assume the initial margin is 60% and the stock pays no divi
Vika [28.1K]

Answer:

The answer is 0.46

Explanation:

Firstly, 100shares x $60 x0.6

=$3,600

Step 2:

$3,600 x 0.6

=$2,160

Step 3:

100 x $40 - $2,169/100 x$40

$4,000 - $2,160/$4,000

$1,840/$4,000

0.46

5 0
3 years ago
Which of the following contributed to the financial crisis of 2008?
yarga [219]

All of the above given options contributed to the financial crisis of 2008.

Option D

<h3><u>Explanation:</u>  </h3>

The 2008 financial crisis has been cumulative of many factors which started in early 2000. Over the period of time from 2000-2008, the government sought to reduce federal funds rates increasing liquidity. The interest rates started increasing and the real estate market was at its saturation point, furthermore, there was also a subprime crisis in terms of loans and mortgages which negatively affected the market.

2008 recession was the climax of all the bad financial decisions that prevailed for many years prior. However, the recession was a global problem and many governments sought to reduce rates, purchased distressed assets and also sought to the nationalization of some financial institutions.

5 0
3 years ago
Please select the word from the list that best fits the definition
Vlad1618 [11]
B. Too broad

While this maybe true. It's way too broad of a statement to conclude.
6 0
3 years ago
Read 2 more answers
A firm may opt to pay millions of dollars for celebrity endorsements in order to:_____
Oxana [17]

A firm may opt to pay millions of dollars for celebrity endorsements in order to signal to consumers that the advertised product is appealing and likely to be popular.

A consumer is defined as an individual or business that consumes or uses goods or services. A customer is a buyer in the economy who buys goods and services and can exist as a consumer or as a sole customer.

Consumers are sometimes contrasted with producers. For example, a company that manufactures toothpaste is a producer. And if you buy this toothpaste, you are a consumer. However, be aware that people often produce and consume the same item.

It is the producers and consumers who buy and sell. Producers create or produce goods and provide services, and consumers buy those goods and services with money. Most people are both producers and consumers.

Learn more about  consumers here: brainly.com/question/380037

#SPJ4

5 0
2 years ago
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