Answer:
The correct answer is 10 chips.
Explanation:
A person is eating chips. Initially, the marginal utility is very high, but after 10 chips it starts declining. It declines till 49 chips and after that it becomes negative.
We see that the marginal utility derived from the consumption of chips start to decline after consuming 10 chips.
This implies that marginal utility is being maximized at the consumption of 10 chips.
So the utility-maximizing quantity of chips is 10 chips.
Answer:
$ 896,000.00
Explanation:
September $800,000
October $920,000
November $840,000
December $760,000
Payments for November:
30percent purchase for November: = 30/100 x $ 840,000.00
= $ 252,000.00
70 percent payment for the previous month
=70/100 x $ 920,000.00
= 644,000.00
Total payments = $ 252,000 + $ 644,000.00
=$ 896,000.00
<span>"The smallest deed is better than the greatest intention"
Here's my look on this saying:
Many of people, including myself have talked about our great intentions to impact somebody or some place. We might intend to do something, but forget about the importance of following through with those intentions. It is far better to make time to complete small good deeds than to spend your time talking about what you will do “one day.” This can be brought back to the quote, "No deed is too small the be appreciated". No matter how much good we intend to do, it will never compare, in all actuality, to how much good we actually do.
Thank you for your question! I hope this helped! Have an amazing day! :D
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To answer this item, we assume that the interest rate is simple, such that the yearly rate was only divided by 12 months in order to determine the rate per month. Hence, to answer this item, we simply have to multiply the given percent by 12.
rate of interest/year = (12)(0.85%) = 10.2%
Therefore, the answer is 10.2%.
Answer: $20,478.78
Explanation:
In 14 years the investment will be,
Gold
10,000/2 = 5000
Then use the compound interest formula
5000 * (1+0.07)^ 14 = $12,892.67
For Certificates of Deposits.
Use the Compound interest formula
Rate and period are in years. Convert to semi annual basis.
3%/ 2 = 1.5%
14 * 2 = 28 periods
= 5000 ( 1+ 0.015) ^ 28
= $7,586.11
Add both
=$12,892.67 + $7,586.11
= $20,478.78
