Answer:
marginal benefit is positive for the fourth slice and negative for the fifth slice.
Explanation:
In the case when four pizza slices are eaten and you have offered for the fifth one for free so here you refuse as the marginal utility of the fifth unit is negative so the consumption with respect to the fifth units would reduced the total utility also the marginal benefit for the fourth slice is positive but it is inverse for the fifth one
Answer:
Explanation:
S/N Age range Adult Population Population Internet Users
A 18 - 29 478 454
B 30 - 49 833 741
C 50 and above 1644 1058
Total 2955 2253
a) Let E = Estimate proportion and A = Internet users
Hence, n(E) = 478 and n(A) = 454
∴ Probability of Internet users (18 - 29), P(A) = n(A)/n(E) = 454/478 = 0.9498 (94.98%)
b) n(E) = 833 and n(B) = 741
∴ Probability of Internet users (30 - 49), P(B) = n(A)/n(E) = 741/833 = 0.8896 (88.96%)
c) n(E) = 1644 and n(C) = 1058
∴ Probability of Internet users (50 and above), P(C) = n(C)/n(E) = 1058/1644 = 0.6436 (64.36%)
d) Let Et = Total estimate proportion
Hence, n(Et) = 2955 and n(A) = 454
∴ Probability of 18 - 29 age range using Internet overall Pt(A) = n(A)/n(Et) = 454/2955 = 0.1536 (15.36%)
Answer:
Present value = FV / (1 + r)^t
1. PV = $19,415 / (1 + 0.07)^15
PV = $19,415 / (1.07)^15
PV = $19,415 / 2.759031
PV = $7,036.89
2. PV = $47,382 / (1 + 0.11)^8
PV = $47,382 / (1.11)^8
PV = $47,382 / 2.3045378
PV = $20,560.31
3. PV = $312,176 / (1 + 0.10)^13
PV = $312,176 / (1.10)^13
PV = $312,176 / 3.4522712
PV = $90,426.27
4. PV = $629,381 / (1 + 0.13)^25
PV = $629,381 / (1.13)^25
PV = $629,381 / 21.230542
PV = $29,645.07
Answer:
1. 103,600 jet skis
2. $227,920,000
Explanation:
1. Allyson Ashley's total units sold is computed as follows;
Beginning balance 16,800
<u>Add: Units manufactured 94,000</u>
Total available units 110,800
<u>Less: Ending balance 7,200</u>
TOTAL UNITS SOLD 103,600
*It is simply adding Beginning balance with the units manufactured during the period to get the total units available for sale, then deduct the Ending inventory from the total available units for sale to get the total units sold.
2. Cost of Goods Sold is computed by multiplying total units sod by the unit product cost.
103,600 x $2,200 = $227,920,000
