Answer:
False
The diamond-water paradox is illustrated by stating that the marginal benefit of the services provided by doctors and nurses is relatively lower than the marginal benefit of the services provided by major film stars. This implies that the supply of doctors and nurses is larger than the demand while the demand for major film stars is larger than the supply.
Explanation:
The marginal utility derived by film consumers from major film stars is higher than the marginal utility derived by patients from doctors and nurses. This is because consumers of the services of major film stars are willing to pay more for the services than consumers of the services of doctors and nurses. Though health is more crucial to life than films, but consumers place more utility value on films than they do on their health, especially after attaining the basic sound health. This actually explains the diamond water paradox, where consumers value diamond and are willing to pay more for diamond than they are willing to pay for life-sustaining water. In a layman's language, people are more willing to value the satisfaction they derive from one more additional film than they are to value the satisfaction they derive from additional healthcare. That means that people only care for the basic in healthcare. But, they can stake more to acquire more diamond.
Answer:
D. A conglomerate
Explanation:
A Conglomerate is a big corporation that is composed of a various combinations of business entities seemingly unrelated but under one corporate group. It is a big organization that has numerous products and services which vary extensively from one another. It is a big parent company comprising of many subsidiaries producing different products and offering different services. In this case, Red Empire is a conglomerate, the parent company having subsidiaries in petroleum, capital markets, chemicals, steel, beverages, hospitality, airlines, education, automobiles, and consumer electronics industries all with their various brand names.
The items that have an 8 hour hold time are
- Pizza sauce (hot line)
- Red sauce (hot line)
- Nacho cheese (hot line)
- Tea
<h3>What is Hold Time? </h3>
Hold time is known to be a term that connote the full length or amount of time a caller is said to often spends in an agent- started hold status.
In ServSafe, it states that the time that is need is said to be 4 hours as the maximum length of time in regards to ready-to-eat foods and this is one that can stay in the temperature danger zone.
Hence, The items that have an 8 hour hold time are
- Pizza sauce (hot line)
- Red sauce (hot line)
- Nacho cheese (hot line)
- Tea
Learn more about hold time from
brainly.com/question/26090203
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Answer:
$28,216
Explanation:
The computation of the minimum amount that you will accept today i.e present value is shown below:
Year Cash flows Discount factor Present value
1 $10,000.00 0.9259259259 $9,259.26
2 $11,000.00 0.8573388203 $9,430.73
3 $12,000.00 0.793832241 $9,525.99
Total present value $28,215.97
The discount factor should be computed by
= 1 ÷ (1 + rate)^years
Answer:
$245.09
Explanation:
A service contract for a video projection system costs $90 a year. You expect to use the system for three years.
Instead of buying the service contract, the future value of these annual amounts after three years if you earn 5 percent on your savings will be:
PV
Ordinary Annuity
=C×[ ((1−(1+i) ^−n
) / i ]
where
n = number of years = 3
i = interest rate = 5%
Present Value of the annuity = 90 x [ ((1 - (1+0.05)^-3) / 0.05] = $245.09
