When a consumer shifts purchases from product x to product y, the marginal utility of <u>X rises, and the </u><u>marginal utility</u><u> of Y falls.</u>
In economics, utility is the satisfaction or benefit obtained from consuming a product. The marginal utility of a good or service describes how much pleasure or satisfaction a consumer gains or loses by increasing or decreasing his consumption by one unit. There are three types of marginal utility. They are positive, negative, or zero marginal utilities.
Marginal utility is the pleasure obtained by the consumer for each additional unit he consumes. Calculate the utility over the first consumed product (threshold amount). For example, you can buy frozen donuts. In return, this will give you a certain level of benefit or satisfaction.
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Answer:The increase in the supply of crops had decreased price by a greater percentage than the percentage increase in the quantity of sales.
Explanation:
An increase in supply leads to a fall in price due to large volume of goods supply compare to non increasing demand and when the rate of fall is greater than sales this will not lead to a rise in revenue despite the increase in effective supply to the market.
Aggressive growth funds are highly speculative and seek large profits from capital gains.
What Is an Aggressive Growth Fund?
An aggressive growth fund is a mutual fund that seeks capital gains by investing in the shares of growth company stocks. Investments held in these funds are companies that demonstrate high growth potential, but also carry greater risk.
What is the advantage of aggressive growth?
Growth has its advantages; it enables a company to reach more customers, generate more sales, and put money back in the business.
Are aggressive growth funds a good investment?
Aggressive growth funds are identified in the market as offering above average returns for investors willing to take some additional investment risk. They are expected to outperform standard growth funds by investing more heavily in companies they identify with aggressive growth prospects.
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<span>If ln x = ln y, then x=y. Because ln is the constant on both sides of the equation, therefore, ln cancels itself out, leaving x equaling y.</span>
Answer:
Return on investment = 18.07% (Approx.)
Explanation:
Given:
NUmber of share = 75 shares at $19.58 per share
Amount of dividend received = $73.42
Stock value at end = $22.14 per share
Find:
Return on investment
Computation:
Purchase price = 75 x 19.58
Purchase price = $1,468.5
Final value + Dividend = 75(22.14) + 73.42
Final value + Dividend = $1,733.92
Profit = $1,733.92 - $1,468.5
Profit = $265.42
Return on investment = [Profit / Initial value]100
Return on investment = [265.42 / 1,468.5]100
Return on investment = 18.07% (Approx.)
