Answer:
The answer is: remain the same
Explanation:
The marginal utility of a good or service is how much better we feel when consuming an extra unit of that good or service. For example if we are very thirsty, the marginal utility of consuming a can of Coke is very large, but once our thirst is quenched, an extra can of Coke will not provide use with that much satisfaction as before.
If the price of a substitute good increases, the marginal utility of the good whose price didn't change, will remain the same.
Let's go back to the Coke example. An extra can of Coke will give me 5 more satisfaction units (I'm assuming I can measure satisfaction) and an extra slice of pizza will give me 7 more units of satisfaction. If the price of Coke increases from 50 cents to $1, its marginal utility will decrease. I will buy more pizza because the satisfaction I get from drinking Coke is now smaller.
Answer: Data Mining
Explanation: Mara Kay tasked with identifying previously unknown relationships in the company's sales data. This is an indication that Mara Kay will be working with pre-existing company data.
Data Mining can therefore be defined as the examination of large pre-existing databases in order to discover/identify patterns that will be useful in generating new information.
Data Mining is also known as Knowledge Discovery in Databases.
Data Mining will not be complete if the results of the analysis are not used for future purposes, therefore, Mara Kay will use the results of her findings for future promotions.
Answer:
The answer is: D) both Dan and Andrea will gain from the transaction.
Explanation:
Whenever a business transaction is done freely, not forcefully, by mutual consent and without any type of fraud being committed, then both parties win. Andrea should be happy with her $150 and she will be able to buy anything she wants or likes (in the price range). Dan should also be happy and start playing with his Wii as soon as possible so he can enjoy the most out of his new purchase.
The only reason why someone would lose in this transaction is that Andrea was forced to sell her Wii at a lower price than she thought. Or Dan was forced to buy the Wii at a higher price than he considered appropriate. Or Andrea stole the Wii from someone else, it really doesn´t work or anything else illegal about it.
Answer:
(a) 12,595.4 units
(b) $1.59
Explanation:
Demand = 39,000
Fixed cost = $33,000 per month
Variable costs = 38 cents per pen
(a) Revenue per unit = $3
Let the volume be x,
Total cost:
= Fixed cost + Variable cost
= $33,000 + (0.38x)
Total revenue = Revenue per unit × Volume
= 3x
TR = TC
3x = $33,000 + (0.38x)
3x - 0.38x = $33,000
2.62x = $33,000
x = 12,595.4 units
(b) Let the revenue per unit be x,
Total cost:
= Fixed cost + Variable cost
= $33,000 + (0.38 × 12,595)
= $47,820
Total revenue = Revenue per unit × Volume
= 39,000x
Profit = Total revenue - Total cost
$14,000 = 39,000x - $47,820
39,000x = 61,820
x = 1.5851 or $1.59
Answer:
Commercial banks give short-term loans while non-bank financial institutions offer medium and long-term loans. -commercial banks offer current account while non-bank institutions do not. -commercial banks offer all types of accounts while non-bank financial institutions offer only savings and fixed deposit accounts.
Hope it helped!!!
