In order to determine whether to major in economics, a rational individual compares the <u>marginal benefit </u><u>and</u><u> marginal cost.</u>
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Marginal benefit is the maximum amount a consumer is willing to pay for additional goods or services. Consumer satisfaction tends to decline as consumption increases. Marginal cost is the change in cost when additional units of a good or service are produced.
Marginal utility and marginal cost are related in many ways in manufacturing and production, investment, and consumption. Marginal cost (MC) is the cost of the last unit produced or consumed, and marginal utility is the utility gained from that last unit.
Marginal benefit is the increase in total utility due to a unit change in the output of a good. Marginal cost is the increase in total cost caused by a one-unit change in the output of a good.
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The answer is: "Decision support system (DSS)" .
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Answer:
= $115,559.84
Explanation:
The MACRS represents Modified Accelerated Cost Recovery System and it represents a depreciation method that is accepted for taxation purpose in the United States. The MACRS allows an asset's capitalized cost's recovery over a period of time based on annual deductions.
From the question, the fixed asset was purchased for $139,700
the MACRS rate to use at the end of 4 years = 0.2, 0.32, 0.192 and 0.1152
The accumulated depreciation therefore,
= (0.2+0.32+0.192+0.1152) x $139,700
= $115,559.84
Answer:
The answer is option A)Personal selling refers to: A customer-directed flow of communications, often in a face-to-face encounter, designed to promote a product with the purpose of making a sale.
Explanation:
Personal selling involves a face to face approach encounter with customers. In advertising, Personal selling involves the use of marketers with great interpersonal and sales skills employed to promote a product offering in the field where they can interface one on one with customers for the purpose of generating sales.
This supports the definition of personal selling as a customer-directed flow of communications, often in a face-to-face encounter, designed to promote a product with the purpose of making a sale.
Answer:
$15.15
Explanation:
Given:
- D1 = $1.4
- D2 = $1.68
- Growth = 3.4% = 0.034
- Discount rate = 13.7 % = 0.137
As we know that:
- P3= ($1.68 × (1+034)) / (0.137 - 0.034)= $16.86
So, P0:
= $1.40 / 1.137 + $1.68 / 1.1372 + ($1.68+ $16.86)/ 1.1373
= $15.15
Hope it will find you well.
