1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
vova2212 [387]
2 years ago
9

Suppose the value of owning a first car is worth $30,000 to you, and the value of owning a second car is worth $24,000 to you. S

uppose the price of each car is $25,000.Assume you have already purchased the first car. Since the total benefit of owning two cars equals $54,000, and the total cost of two cars costs $50,000, should you purchase the second car
Business
1 answer:
VLD [36.1K]2 years ago
6 0

Answer:

No, the second car shouldn't be purchased.

Explanation:

After buying the first car, when second car is to be brought the marginal benefit is lower than marginal cost. So, only one car should be brought.

You might be interested in
If your bank is a member of the FDIC, what does that mean for you?
Oduvanchick [21]
I think you will get better coverage from Having a FDIC. <span />
8 0
3 years ago
Read 2 more answers
Barcelona demands a certain level of quality and the organization is continuously raising the bar on expectations. Given this fo
zimovet [89]

Barcelona demands a certain level of quality and the organization is continuously raising the bar on expectations. The individual that would be best fit for working at Barcelona is the person with Strong Type B personality

Answer: Option (d) is correct

Explanation:

Type B personality people are fit for working in Barcelona. They are the ones who are stress- free. They have control over their emotions. They are mostly relaxed and not at all aggressive.

They can comfortably express them without any kind of hesitation. They possess patience which is of utmost importance in any field. Their flexible nature enables them to adapt to changes quickly. They are highly motivated but have laid back attitude.

8 0
3 years ago
When housing prices ________ as they did beginning in 2006 following the housing market bubble, most banks and other lenders tig
-Dominant- [34]

Answer:

"Fell" "Harder"

Explanation:

When housing prices fell as they did beginning in 2006 following the housing market bubble, most banks and other lenders tightened the requirement for borrowers, making it harder for potential home buyers to obtain mortgages.

6 0
2 years ago
An economy is operating with output $300 billion above its natural level, and fiscal policymakers want to close this expansionar
topjm [15]

Answer:

$120 billion

Explanation:

Economy operating at $300 billion above its natural level of output.

Marginal propensity to consume, MPC = 3/5 = 0.6

For closing this expansionary gap, the government have to decrease its spending by the amount calculated as follows:

Spending multiplier:

= 1/ (1 - MPC)

= 1/ (1 - 0.6)

= 1/ 0.4

= 2.5

Hence, the government spending reduces by

= Expansionary gap ÷ Spending multiplier

= $300 ÷ 2.5

= $120 billion

4 0
3 years ago
Debt management ratios measure __________.
tankabanditka [31]
Debt management ratios measure how well a company is using debt versus equity position.
8 0
2 years ago
Other questions:
  • Navigator sells GPS trackers for $50 each. It expects sales of 5,000 units in quarter 1 and a 5% increase each subsequent quarte
    10·1 answer
  • Barry has a successful methamphetamine laboratory. Producing methamphetamine is illegal under federal law. Is Barry required by
    11·1 answer
  • In 2015, an inventor dreamed up and constructed a certain new kind of widget. He kept his invention a secret. Two years later, a
    15·1 answer
  • Vistakon, the maker of Acuvue brand contact lenses, is working on a new product launch. They are best known for their Acuvue 2 c
    14·2 answers
  • Kelly Realty loaned money and received the following notes during 2018:Note Date Principal Amount Interest Rate Term(1) Oct. 1 $
    9·1 answer
  • Executive headhunters have approached Charles about taking the position of senior vice president of marketing for a well-known c
    15·1 answer
  • Which of the following employees is most at risk of repetitive strain injury?
    15·2 answers
  • Marigold Corp. reported sales of $2200000 last year (80000 units at $20 each), when the break-even point was 44000 units. Marigo
    12·1 answer
  • Describe a pricing decision your company has made. was it optimal? if not, why not? how would you adjust price? compute the prof
    15·1 answer
  • One of the disadvatages of using historical returns to estimates the market risk premium is that the past may not be good guide
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!