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klasskru [66]
3 years ago
8

2. At a consumer optimum, for all goods purchased, marginal utility per dollar spent is equalized. A high school student is deci

ding between attending Petersburg University and Fairfax University. The student cannot attend both universities, but the reputation of Petersburg is slightly higher, as is the tuition. Use the rule of consumer optimum to explain how the student will go about deciding which university to attend.
Business
1 answer:
Greeley [361]3 years ago
4 0

Answer:

The high school student should analyze the point at which the marginal cost equals the marginal benefit.

In other words, he or she should see if the increased costs of attending Petesburg University are more or less equal to the increased benefit that is gained from graduating from a more prestigious university.

The student should also analyze the possible opportunity cost in the future. Attending amore renowned college can result in better job prospects than doing otherwise. Higher salaries in the future could be given up if he or she chooses the cheaper option.

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McGuire Company acquired 90 percent of Hogan Company on January 1, 2010, for $234,000 cash. This amount is reflective of Hogan's
anzhelika [568]

Answer:

D. $1,800 Decrease

Explanation:

                                       book value      Fair value       adjustment

01 Jan                             10,000               8,000             2,000

Depreciation                  -1000                 -800                  -200

31 Dec                             9,000                7,200              1,800 Decrease  

5 0
3 years ago
Comparing the life of a company president or ceo with a dishwasher or taxi driver shows us glaring examples of ______.
Ksenya-84 [330]

Comparing the life of a company president or ceo with a dishwasher or taxi driver shows us glaring examples of social inequality.

<h3>What exactly is socioeconomic inequality?</h3>

Social inequality is defined as a scenario in which certain citizens of a country, a region, a section of the world, or both, are disparately or disadvantaged from others who are unfairly privileged. Logically speaking, it is the polar opposite of social equality.

Modern civilizations struggle with social inequality, which is a result of the uneven development of different parts of the world and the imposition of particular ideologies or human value judgments on some people over others. In fact, social inequality is the root of discrimination, which is the practice of treating individuals who are weaker than others in terms of their morals, social standing, or economic standing differently.

To know more about social inequality visit:

brainly.com/question/27164458

#SPJ4

5 0
1 year ago
If the parties do not expressly discharge the old contract when writing a novation, the old contract will be impliedly discharge
ValentinkaMS [17]

Answer:

The answer is true

<u>Explanation:</u> novation is the process in which an old contract is substituted by a new contract through an agreement .All rights and duties under old contract are  being terminated.

if parties write a novation, it will effectively nullifies the former contract.In novation one of the initial parties is replaced by new party.

Novations are most frequently used in corporate takeovers and sales of businesses.

A novation is same as an assignment where one party transfers interest in property or a business to third party as opposed to transferring the entire entity.

So is novation is written between the parties .They need not to discharge the old contract by expression.It will be automatically discharged if it's terms are inconsistent with new contract.

4 0
3 years ago
Arnold and helga decide to start selling homemade jewelry on etsy to earn some extra income. however, the materials they use are
Soloha48 [4]

The answer in the space provided is the economies of scale because this is what they will likely experience when there is a presence of expansion of size in operation with the business that they have started and operated which is the homemade jewelry.

3 0
2 years ago
The law of increasing opportunity costs states that as a. less of a good is produced, the higher the opportunity costs of produc
Troyanec [42]

Answer:

 c. more of a good is produced, the higher the opportunity costs of producing that good

Explanation:

Opportunity cost is the next best option forgone when one alternative is chosen over other alternatives.

For example, a chef can cook either 10 plates of rice or 5 plates of yam in one hour.

Suppose he decides to cook 5 plates of yam. By deciding to cook yam, he forgoed the opportunity of cooking rice, this is known as opportunity cost. In one hour he cooks 5 plates of yam and forgoes the opportunity to cook 10 plates of rice. In the next hour, he cooks 10 plates of yams and forgoes the opportunity of cooking 20 plates of rice. By the third hour of cooking yam, he would have forgone the opportunity of cooking 30 plates of rice. This is known as increasing opportunity cost.

I hope my answer helps you

3 0
2 years ago
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