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bagirrra123 [75]
3 years ago
8

The law of diminishing marginal utility:_______a) allows us to make interpersonal utility comparisons. b) tells us that an addit

ional dollar is worth less to a millionaire than to a poor person. c) tells us the worth of an additional dollar of income. d) tells us that an additional dollar of income is worth less than the preceding dollar of income.
Business
2 answers:
Reika [66]3 years ago
7 0

Answer:

A) allows us to make interpersonal utility comparisons.

iogann1982 [59]3 years ago
5 0

Answer:

A) allows us to make interpersonal utility comparisons.

Explanation:

The law of diminishing marginal utility states that as each additional unit of product or service is consumed, the benefit or utility obtained from its consumption diminishes (is reduced).

For example, you are very thirsty and drink a cold Coke. The first glass was great, but if you continue drinking more, the satisfaction you get from drinking Coke reduces until finally you do not even want to drink any more.

The law of diminishing marginal utility is not applicable to money.

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Say the reserve requirement is 20 percent. If you pay back a loan of $10,000 a bank had previously made to you, the act of payin
otez555 [7]

Answer:

a. adds $10,000 in bank reserves.

Explanation:

Given that

Reserve requirement is 20%

Now if you want to pay back the loan of $10,000 so here the act of paying back the loan is that the amount of loan i.e. $10,00 would get added to the bank reserves

Therefore as per the given situation, the option a is correct

And, the same is to be considered

Thus, all the other options are incorrect

4 0
3 years ago
Union Local School District has bonds outstanding with a coupon rate of 4.9 percent paid semiannually and 20 years to maturity.
RUDIKE [14]

Answer:

Ans. Price of the bond is $9,250.57

Explanation:

Hi, first we need to establish the semi-annual coupon of the bond and the semi-annual discount rate (YTM semi-annually)

Coupon=10000*(4.9%/2)= $245

To turn the annaul YTM to semi-annual, we have to use the following equation

YTM(semi-annual)=(1+YTM)^{\frac{1}{2} } -1

YTM(semi-annual)=(1+0.056)^{\frac{1}{2} } -1=0.0276

After all this, we are ready to find the price, here is the math of this.

Price=\frac{245((1+0.0276)^{39}-1) }{0.0276(1+0.0276)^{39} } +\frac{(245+10000)}{(1+0.0276)^{40} } =9250.57

Best of luck.

4 0
3 years ago
Which is true of someone with a low credit score? I. They probably make on time payments. II. They may not be able to rent the a
Tju [1.3M]
I think its number two but im not entirely sure
8 0
2 years ago
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Mijka Company was started on January 1, Year 1. During Year 1, the company experienced the following three accounting events: (1
yaroslaw [1]

Answer:

Mijka Company

a. Journal Entries

Debit Cash $30,400

Credit Service Revenue $30,400

To record the proceeds for services provided.

Debit Expenses $13,800

Credit Cash $13,800

To record the payment of cash for services.

Debit Dividend $2,100

Credit Cash $2,100

To record the payment of cash dividend.

b. Income Statement for the year ended December 31, 2018:

Service Revenue     $30,400

Expenses                   13,800

Net Income             $16,600

Dividends                   (2,100)

Retained earnings $14,500

Statement of Changes in Stockholders' Equity as of December 31, 2018:

Retained Earnings    $14,500

Balance Sheet as of December 31, 2018:

Assets:

Cash                       $14,500

Equity:

Retained Earnings $14,500

Explanation:

a) Data and Calculations:

Cash revenue $30,400

Cash expense  (13,800)

Cash dividend    (2,100)

Cash balance  $14,500

5 0
2 years ago
Senator dogood is pushing for the construction of a new military base in his state even though, from the standpoint of national
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5 0
3 years ago
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