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3 years ago

What do the income effect, the substitution effect, and diminishing marginal utility have in common?

Business

1 answer:

Sveta_85 [38]3 years ago

3 0

Answer:

They all help explain the downsloping demand curve

Explanation:

The options to the question wasn't provided. The complete question can be in the attached image.

The demand curve slopes downward from left to right. This indicates that the higher the price, the lower the quantity demanded and the lower the price, the higher the quantity demanded.

Income effect is a change in quantity demanded when real income change. Quantity demanded increases when real income increases and decreases when real income falls.

Substitution effect says that consumers would substituite to the consumption of a cheaper good when the price of a good originally consumed increases.

Diminishing marginal utility states that as consumption increases, utility derived from consumption falls and quantity demanded falls.

I hope my answer helps you

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Hatter Company purchased land, a building, and equipment for $450,000 on January 1, Year 1. The land had an appraised value of $

Crank

Answer:

the cost to be assigned to the building is $288,000

Explanation:

The Costs of Land, Building and Equipment have to be determined separately due to the fact that their usage is different and hence depreciation charges are different.

The Appraisal value is used to apportion the cost of $450,000 to the Land, Building and Equipment as follows :

PPE Item Appraised Value

Land $100,000

Building $320,000

Equipment $80,000

Total $500,000

Apportionment of Cost to Building :

Building = $320,000/ $500,000× $450,000

= $288,000

6 0

3 years ago

Consider two bonds, a 3-year bond paying an annual coupon of 5.90% and a 10-year bond also with an annual coupon of 5.90%. Both

zlopas [31]

Answer:

First bond new price= $921.53

Second bond new price =$801.05

Explanation:

a. Face value= future value= $1,000

Coupon rate= 5.90%

Coupon payment= 0.0590*1,000= 59

Time= 3 years

Yield to maturity= 9%

Enter the below in a financial calculator to calculate the present value of the bond:

FV= 1,000

PMT= 59

N= 3

I/Y= 9

The value obtained is 921.53.

Therefore, the new price of the bond is $921.53.

b. Face value= future value= $1,000

Coupon rate= 5.90%

Coupon payment= 0.0590*1,000= 59

Time= 10 years

Yield to maturity= 9%

Enter the below in a financial calculator to calculate the present value of the bond:

FV= 1,000

PMT= 59

N= 10

Interest rate per annum= 9

The value obtained is 801.05.

Therefore, the new price of the bond is $801.05.

7 0

3 years ago

Winston Churchill was born when his father entered Parliament dependent or independent

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Winston-Churchill was born when his father entered Parliament independent

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3 years ago

Sheila and her team members have been allocated a new project. As a team leader, which quality should Sheila demonstrate so that

irakobra [83]

Answer:

she needs to demostrate effective leadership and sportsman shop and that all starts with trust. To be clear on the goals they must list their goals 1st and work for them in order to persue them imma athlete and i do that a lot

Explanation:

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3 years ago

Read 2 more answers

A job advertisement reads as follows: "Wanted, bright young men to sell athletic club memberships. Interested applicants should

ohaa [14]

Answer:

The group of options for this question are the following:

A. Yes, the ad makes clear the type of employee sought.

B. No, it is not acceptable as it discriminates against female applicants and does not give sufficient information about the organization or job requirements.

C. No, it is not acceptable as it discriminates against female applicants.

D. Yes, it is acceptable but would benefit from more information.

The correct answer is B. No, it is not acceptable as it discriminates against female applicants and does not give sufficient information about the organization or job requirements.

Explanation:

The basic concept when the company considers the publication of a job offer to fill a position, is to find the best possible candidate, the most qualified for what is sought. For this, the development of the offer is very important, in what terms it is being proposed, to which applicants it is directed, etc. If the job offer is created properly, it will not only get the applicant to the most capable position, but it will do so in the shortest possible time.

An effective offer must have a title that appeals, that contains added value, either because it brings a certain prestige to the position, excellent conditions for it or the image of an important professional projection within the company. For this, in order to attract the candidate's attention to the position, the text of the offer must be close and pleasant, with respectful but appealing language.

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3 years ago