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Vitek1552 [10]
3 years ago
10

A person should consume more of something when its marginal: cost equals its marginal benefit. cost exceeds its marginal benefit

. benefit is still better. benefit exceeds its marginal cost.
Business
1 answer:
Sveta_85 [38]3 years ago
7 0
<span>Choice (D) is the most correct. When the marginal benefit (or utility) exceeds the marginal cost, then a person would gain from consuming the good or service. However, this only continues to the point where marginal utility is increasing. When the marginal utility starts to decrease (or fall below the marginal costs), consumption should cease.</span>
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William pays his $500 premium every 6 months for automobile insurance with collision coverage. His deductible is $750. William c
snow_lady [41]

William will pay a total of $750 out of pocket for both cars to be fixed.

The other car is covered by the property damage portion of his insurance, so it is covered 100% by the insurance company and there is no deductible or amount that William needs to pay. William’s car will be covered by the collision portion of his insurance. He is responsible for paying the $750 deductible and the insurance company will pay the remaining $50.

3 0
3 years ago
you are billed $300 at 5% simple interest for 2 years but given an opportunity to pay only 3% compound interest for 2 years. Whi
balandron [24]
This question is a bit tricky to answer because it does not state how often interest rate is applied so lets say for the simple 5% interest rate the rate of interest was calculated after 2 years you would pay a total interest of $15 since interest was only calculated once but for the 3% calculating every year with compound it would be a total of 18.27 dollars in interest but then you would have to calculate the 5% simple interest the same way which would total to $30 if calculated once a year being more than the 3% compound. But lets say interest is calculated once a month your total for the 5% simple interest would be $360 dollars interest for those 2 years and the 3% compound would be $406.97 dollars in interest. So over all the less amount of times interest compounds the less interest there is making it more worth than the simple but if the compounding occurs more frequently the simple 5% interest is more worth it. In this situation I think it might just be yearly interest which makes the 3% compound more worth taking for this short amount of time.
6 0
3 years ago
In the advertising industry, terms such as new advertising, orchestration, and seamless communication were used to describe the
kolezko [41]

Answer:

The correct answer is letter "B": integration.

Explanation:

Advertising integration refers to bundling all mediums of communication possible business can use to promote its goods or services. This strategy reinforces the firm market position by repeating its advertising message constantly creating consistency and reducing the stress of having to create a different marketing approach for each advertising channel.

4 0
3 years ago
Wasson Widget Company is contemplating the production and sale of a new widget. Projected sales are $300,000 (or 75,000 units) a
Ber [7]

Answer:

Target cost per unit = $3.52

Explanation:

Given:

Projected sales = $300,000 or 75,000 units

Desired profit = $36,000

Find:

Target cost per unit

Computation:

Target cost per unit = [Projected sales - Desired profit] / Total units

Target cost per unit = [$300,000 - $36,000] / 75,000

Target cost per unit = $264,000 / 75,000

Target cost per unit = $3.52

8 0
2 years ago
A company had $5,000,000 in total revenues for its fiscal year. Its expenses for the year were $3,500,000. Its total assets were
mamaluj [8]

Answer:

ROA = 0.12

so correct option is d

Explanation:

Given data:

total revenue = $5,000,000

Expenses = $3,500,000

Total assets = $12,500,000

Rate on assets (ROA) is calculated as

ROA = \frac{Net\ income}{Total\ assets}

Net income = total revenue - expenses

Net income = $5,000,000 - 3,500,000

So,ROA = \frac{1500000}{12500000}

ROA = 0.12

so correct option is d

4 0
3 years ago
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