A common set of accounting standards and procedures are called

The law of diminishing marginal utility states that the: Multiple choice question. marginal utility associated with the consumpt

Drupady [299]

The law of diminishing marginal utility states that as more units of a good are consumed, the marginal utility from the consumption of the next unit becomes lesser. John's total utility from the consumption of two ice creams is 10, and his total utility from the consumption of three ice creams is 9.7.

<h3>What does the law of diminishing marginal utility State?</h3>

According to the law of declining marginal utility, when consumption rises, the marginal utility gained from each extra unit decreases, all other things being equal.
The incremental improvement in utility brought on by consuming one more unit is known as marginal utility.

<h3>Which law does the law of diminishing marginal utility affect?</h3>

According to the law of diminishing marginal utility, a good or service's marginal utility decreases the more of it is used by a person.
Consuming increasing quantities of a good gives economic actors less and less pleasure.

<h3>What is law of diminishing marginal returns?</h3>

According to the law of declining marginal returns, increasing the number of production factors leads to lesser increases in output.
The addition of any more of a production element after a certain level of capacity utilization would unavoidably result in lower per-unit incremental returns.

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7 0

2 years ago

Mr. Wise is retiring In 25 years He would like to accumulate $1,000.000 for his retirement fund by then He plans make equal mont

Montano1993 [528]

Answer:

$532.24

Explanation:

Since Mr. Wise will be making monthly payments for the period of 25 years in order to accumulated the $1,000,000 at the end of 25 years, therefore, the future value of annuity shall be used to determine the monthly payments to be deposited by Mr Wise. The formula of future value of annuity is given as follows:

Future value of annuity=R[((1+i)^n-1)/i]

In the given scenario:

Future value of annuity=amount after 25 years=$1,000.000

R=monthly payments to be deposited by Mr Wise=?

i=interest rate per month=12/12=1%

n=number of payments involved=25*12=300

$1,000,000=R[((1+1%)^300-1)/1%]

R=$532.24

7 0

3 years ago

The loan amount (principal) is $50,000 and the annual interest paid is $5,500. What is the annual interest rate

Mumz [18]

Answer:

The interest rate is 11%

Explanation:

The loan amount = $50000

Interest amount = $5500

Since the annual interest amount and the principal amount is given so we have to find the interest rate by using the given information. Below is the formula to find the interest rate.

Let the interest rate = x

Principal × interest rate = Interest amount

$50000 × r = $5500

r = $5500 / $50000

r = 0.11 or 11%

The interest rate is 11%

5 0

3 years ago

In _____, members control decisions about and execution of a complete range of tasks-acquiring raw materials and performing oper

Semenov [28]

In autonomous, members control decisions about and execution of a complete range of tasks-acquiring raw materials and performing operations, quality control, maintenance, and shipping.

A team may be a work group composed of multinational members whose activities maintenance multiple countries; teams have successfully cultural, geographic, and managerial to team effectiveness.

Task specialist means an individual assigned by the operator or a 3rd party, or acting as an undertaking, who performs tasks on the bottom directly related to a specialized task shipping or performs specialized tasks on board or from the aircraft. Among the trends that are occurring in today's high-performance work systems are reliance on knowledge workers, empowerment of employees to form decisions, and therefore the use of teamwork.

A group could be a collection of people who coordinate their efforts, while a team may be a group of individuals who share a typical goal. While similar, the 2 are different when it involves decision-making and teamwork.

A v agent (sometimes called an intelligent agent (IVA), could be a software program that uses scripted rules and, increasingly, applications to supply automated service or guidance to humans.

Types of labor means occupational categories of work that include a group of job functions requiring the performance of a typical set of tasks and may include several jobs. It refers to a broad group of jobs and that have a standard set of labor tasks and functions.

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6 0

1 year ago

True or false 1. Satisfying customer wants at a reasonable price is important to business success.

Marina CMI [18]

This is a mixture of both. You may lose a customer if you don't but most likely you will still have enough to keep moving forward with your career so I would say False

5 0

3 years ago