Answer:
3 Movies
Explanation:
The explanation is that when the marginal utility equal the marginal cost you get the maximum of benefit of the transaction as you can see the by every movie that they buy they receive a benefit greater than the price until the benefit and the price is the same $1 it is the point where the students get the most satisfaction of their purchases. In this case with a total number of 3 movies that cost $3 they receive $6 of satisfaction.
Answer:
the present value is $4,286.69
Explanation:
The computation of the sum received today is shown below:
As we know that
Present value = Future value ÷ (1+rate of interest)^number of years
= $5,000 ÷ (1 + 0.08)^2
= $5,000 ÷ 1.1664
= $4,286.69
hence, the present value is $4,286.69
We simply applied the above formula so that the correct value could come
And, the same is to be considered
Answer: C. Franklin D. Roosevelt.
Explanation:He is the president of the United States of America between(January, 1882 to April 1945),he is the 32nd president who signed into law the progressive income tax. Progressive income tax ensures that as a person or a business entity,your tax will increase in proportion to your income. Many persons have come to accept this system as a fair system ensuring that low income earners are protected by the tax system.
