Answer:
It would be positive but might be either decreasing or increasing
Explanation:
Total utility (TU) is the utility which is defined as the aggregate satisfaction received or gained through consuming the given aggregate quantity of the good and service.
Marginal utility (MU), is the one which is defined as the satisfaction received from consuming an extra or additional unit or quantity of the specific good or service.
So, when the aggregate utility is increasing, then the marginal utility would be positive but might be either decreasing or increasing.
Answer:
It will be double counting
Explanation:
GDP or gross domestic product is the measure of the total value of productions in the economy per period. In calculating the GDP, economists consider only finished products produced within the borders of a country in a financial year.
Second-hand cars cannot be counted in the calculation of GDP because it will result in double counting. GDP is calculated using the income, expenditure, or production approach. The second-hand cars were accounted for when they were purchased or sold for the first time. If the production method was used, the vehicles were accounted for in the year they were manufactured.
Answer:
Total equivalent units= 11,890
Explanation:
Giving the following information:
Assembly Department completes 10,200 gadgets and transfers them to Finished Goods Inventory.
The Assembly Department has 2,600 gadgets in the process that are 65% complete for conversion.
<u>To calculate the equivalent units, we need to multiply the % complete for the number of units started:</u>
Units completed= 10,200
Units in ending inventory= 2,600*0.65= 1,690
Total equivalent units= 11,890
Answer:
P = MR = 1
Explanation:
The demand function is q = 25 - 12p.
The total income is the price of potatoes multiplied by the quantities of potato --> P * Q
p*q = p*(25-12p)
p*q = 25p - 12p^2
the first derivative of the previous equation is the marginal revenue. In perfect competition the Price = Marginal revenue.
First derivative of total income ---> 25-24p
And MR = P
25-24p=p
25=25p
<h2>p=1</h2>
Answer:
Consider the following explanation
Explanation:
False statement are as follows,
A) It is designed to minimize the maximum possible travel distance to any location
This statemet is false
Explanation- Center of gravity has nothing to do with travel distance or any kind of diisplacement. Following sentence is used in cargo industry ffor effieicent transportation.
C) And D) Are also false
Explanation- They are also a part of cargo management hence cannot be used in center of gravity method.
Only Option B) Is correct
