The economic term for the want-satisfying ability, or value, that organizations add to goods or services is utility.
<h3>What is utility?</h3>
Utility refers to the amount of satisfaction a consumer derive from the consumption of certain commodities.
It is the importance or value added to a product or service that helps gives the consumer useful information about all products and services.
Hence, the economic term for the want-satisfying ability, or value, that organizations add to goods or services is utility.
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Answer:
The answer is D.
Explanation:
The demand curve faced by perfectly competitive firm is horizontal. This means that if individual firm charges price above the market price, it will not sell anything.
The curve is the same as marginal revenue curve because change in total revenue from selling one more unit(marginal revenue) is the constant market price.
And it holds in perfect market that price equals marginal revenue (P=MR).
The correct option is D.
Answer: $64.76
Explanation:
The current share price in this case will be the present value of the dividends,
As the dividends are constant, they can be treated as annuities.
Present value of annuity = Annuity * ( 1 - (1 + rate)^-number of periods) / rate
= 9.45 * ( 1 - (1 + 10.7%)⁻¹³) / 10.7%
= 9.45 * 6.8529386295
= $64.76
