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Ann [662]
4 years ago
13

The utility of a good or service 1. is synonymous with usefulness. 2. is the satisfaction or pleasure one gets from consuming it

. 3. is easy to quantify. 4. rarely varies from person to person.
Business
1 answer:
Vanyuwa [196]4 years ago
4 0

Answer:

B. is the satisfaction or pleasure one gets from consuming it.

Explanation:

The utility is the concept which marks the level of satisfaction that a person gets after consuming a particular good. The utility obtained cannot be measured in terms of the weight of the physical property of the goods. It is the result of the satisfaction of the customers after consuming it. The utility exists not in the product but the consumption of it.

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) if will's print shop competes in a perfectly competitive market and he charges $10 per printing job, what is the marginal reve
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A) marginal revenue of his 3rd print job is
$3.33

4 0
3 years ago
A firm only has current assets and fixed assets. Its current assets are $100,000 and total assets are $300,000. The firm's sales
iris [78.8K]

Answer:

Firm's fixed asset turnover = 4.5

Explanation:

Given:

Current assets = $100,000

Total assets = $300,000

Firm's sales = $900,000

Find:

Firm's fixed asset turnover

Computation:

Fixed assets = Total assets - Current assets

Fixed assets = $300,000 - $100,000

Fixed assets = $200,000

Fixed asset turnover = Sales / Fixed asset

Firm's fixed asset turnover = $900,000 / $200,000

Firm's fixed asset turnover = 4.5

6 0
3 years ago
Cutter Enterprises purchased equipment for $72,000 on January 1, 2010. The equipment is expected to have a five-year life, with
Elodia [21]

Answer:

Annual depreciation= $13,200

Explanation:

Giving the following information:

Cutter Enterprises purchased equipment for $72,000 on January 1, 2010. The residual value of $6,000 at the end of five years.

Under the straight-line method, the annual depreciation is constant trough the entire useful life. We need to use the following formula:

Annual depreciation= (original cost - salvage value)/estimated life (years)

Annual depreciation= (72,000 - 6,000)/5= $13,200

3 0
4 years ago
You want to quit your job and return to school for an MBA degree 3 years from now, and you plan to save $5,000 per year, beginni
dexar [7]

Answer: $16,614.78

Explanation:

As you are making a constant deposit every year beginning immediately, this is an Annuity due.

The value in 3 years will be:

= Amount deposited * (1 + i)  * (( 1 + i) ^n - 1) / i

= 5,000 * (1 + 5.2%)  * (( 1 + 5.2%)³ - 1) / 5.2%

= $‭16,614.78304‬

= $16,614.78

6 0
3 years ago
A _______________ ___________ is part of the organization’s hierarchy, controlled by a manager/supervisor, with authoritarian or
Andru [333]

Answer:

Work Group

Explanation:

Work groups are groups of people with differents skills that work in sinergy to achieve a goal. They are controlled by a supervisor , PM or manager. This are the decision making focals but they let the team do what they do best.

3 0
3 years ago
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