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Svetradugi [14.3K]
3 years ago
5

Which type of utility can only be added by the maker of the product

Business
2 answers:
m_a_m_a [10]3 years ago
7 0

Answer:

FORM UTILITY

Explanation:

Utility is an economic term referring to the total satisfaction received from consuming a good or service. In economics, goods are materials that satisfy human wants and provide utility (useful), for example, to a consumer making a purchase of a satisfying product. A common distinction is made between goods that are tangible property, and services, which are not physical. The economic utility of a good or service is important because it will influence the demand, and therefore price, of that good or service. Non-economic goods are goods or services that are plentiful and free. Air and sunshine are considered non-economic goods since they are neither scarce nor valuable.

An economic good is a physical object that has value and can be sold; Some examples include any kind of food, cars, toys, cloths, furniture, house, any tangible object.

An economic good can also be a service that has value and can be sold; some examples include haircuts, gym membership, restaurant (both goods and service), plumber, electrician, carpenter, beautician, tax accounting, doctors, lawn care workers, dentists, etc.  Therefore, you could buy goods, that go from pure service, to mostly service, to half service and half goods, to mostly goods and then pure goods (commodity).

<h3><u>Form Utility</u></h3>

Form Utility can be define as the practice of enhancing a product’s attractiveness to consumers by altering its appearance. One way to do that is to assemble a number of components instead of just selling the raw materials. Form utility can also involves making a product ready for consumption by converting it to a form that is more beneficial to consumers than the raw materials used to make it.

Ratling [72]3 years ago
6 0

A: The four types of economic utility are form, time, place and possession. "Utility" in this context refers to the value, or usefulness, that a purchaser receives in return for exchanging his money for a company's goods or services.

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If a taxpayer does not have enough taxes withdrawn from her paychecks throughout the year to equal the total tax she is required
polet [3.4K]

Answer:

$209

Explanation:

Since Mary's estimated annual income taxes are $5,424, then to determine the amount that should be withheld every two weeks, all we need to do is divide her total estimated taxes by 26 weeks = $5,424 / 26 weeks = $208.62 ≈ $209. generally you do not include cents in tax filings or payments, you need to round up or down. In this case you need to round up, even software rounds the amounts to the nearest dollar.  

6 0
3 years ago
Read 2 more answers
How long will it take for a $4000 investment to grow to $6000 at an annual rate of 15%, compounded monthly? Assume that no withd
Inessa05 [86]

Answer:

It will take 2.72 years and 32.64 months.

Explanation:

Future value is the sum of principal amount and compounded interest amount invested on a specific rate for a specific period of time.

Use following formula to calculate the time period.

FV = PV x ( 1+ r )^n

FV = Future value = $6,000

PV = Present Value =  $4,000

r = rate of interest = 15% yearly = 15% / 12 = 1.25%

n = time period = ?

$6,000 = $4,000 x ( 1 + 1.25% )^n

$6,000 = $4,000 x ( 1.0125 )^n

$6,000 / $4,000 = ( 1.0125 )^n

1.5 = ( 1.0125 )^n

Log 1.5 = n log 1.0125

n = Log 1.5 / log 1.0125

n = 32.64 months

n = 2.72 years

6 0
3 years ago
With no inflation, a bank would be willing to lend a business firm $5 million at an annual interest rate of 6%. But if the rate
MAXImum [283]

Answer:

The nominal interest rate which the bank will offer is of 10.24%

Explanation:

according to Irwin formula the bank will charge a nominal rate that ensures a real rate of 6% thus:

\frac{1+r_n}{1+ \theta} -1 =r_e

(1+r_e)(1+ \theta) -1 = r_n

1.06*1.04-1 = 0.1024 = 10.24%

8 0
3 years ago
Often an individual will join and support a certain interest group to receive tangible economic advantages from that membership.
inn [45]

It is referred to as material benefits. Material benefits can be given as monetary benefits; it could also be in form of special goods or services. It is given to the members of the group to convince others to join. Other types of benefits are solidary benefits, purposive benefits, and informational benefits.

8 0
3 years ago
An engineer wishes to have $3 million by the time he retires in 35 years. Assuming 8% nominal interest, compounded continuously,
Genrish500 [490]

Answer:

annual sum must he set aside $16209.42

Explanation:

given data

engineer wishes = $3 million

retires time = 35 years

nominal interest = 8%

solution

we get here effective annual rate that is

interest rate  = e^{r} - 1  ...........1

interest rate  = e^{0.08} - 1

interest rate  = 0.08328 = 8.33%

and

now we get annual sum must he set aside that is

amount = $3 million × \frac{rate}{(1+rate)^{t}-1}

amount = $3000000 × \frac{0.0832}{(1+0.0832)^{35}-1}

amount = $16209.42

5 0
3 years ago
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