Marginal utility is the additional satisfaction received from consuming one more unit of a product.Totalutility is the overall or total satisfaction received from consuming some particular amount of the product.<span>Total utility can be determined by summing the marginal utility for each unit of a product that is consumed</span>
Answer:
Residua income = $80,000
Explanation:
<em>Residual income is the excess of the controllable profit over the opportunity cost of capital invested. </em>
<em>It is used to evaluate the financial performance of a division or department.
</em>
<em>The a positive residual value indicate a good performance, hence the higher the residual value the better
</em>
It is computed as follows:
Residual income = Controllable profit - (cost of capital× operating assets)
Controllable profit = 560,000,
Interest on capital = × 12% × 4,000,000 = 480,000
Residual income = 560,000 - 480,000= 80,000
Residua income = $80,000
Answer:
A. Equilibrium quantity will increase; the effect on price is ambiguous.
Explanation: Several factors are known to be having impact on the Quantity demanded and the price of goods sold,one of the factors includes when Consumers speculate that the price of goods and services will increase or decrease in the future.
WHEN PEOPLE SPECULATE THE THE PRICE OF APPLE PIES WILL INCREASE IN THE FUTURE,THEY WILL ENGAGE IN PANIC BUYING WHICH WILL INCREASE THE QUANTITY DEMANDED AND THE EFFECT ON PRICE WILL BE AMBIGUOUS.
Answer:
mortgage
Explanation:
A mortgage is the most common type of loan when someone buys a house or apartment. Your bank lends you money and in exchange it takes the property title of your house or apartment as collateral until you finish paying your debt. The same applies for businesses that need to buy real property.
Answer:
CD: 41,500
Bonds: 49,500
Explanation:
Base on the information we are given, we can create an equation system:
The total investment in bonds and certificates of deposit totals 91,000
and the amount investment on bonds are 8,000 higher than Certificates of deposit
<u>We replace the bonds of the second equation on the first equation:</u>
CD + (CD + 8,000) = 91,000
<u>And solve for certificates of deposits</u>
2CD = 91,000 - 8,000
CD = 83,000/2 = 41,500
<u>Now, we replace the CD on the second equation</u>
Bonds = CD + 8,000
Bonds = 41,500 + 8,000 = 49,500