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3 years ago

How do economists define marginal benefit for an individual?

Business

1 answer:

sergiy2304 [10]3 years ago

8 0

Answer:

B) the additional positive value that a person receives from consuming one more unit of a good or service

Explanation:

A benefit is an advantage or gains to someone. In economics, the term marginal refers to an extra unit or one more unit.

Marginal benefit is the additional gain associated with consuming one more unit of a product or service. In this context, the term marginal benefit is used interchangeably with marginal utility. In practice consuming the first unit provides the highest benefit. Continuous consumption result in reduced benefits. In other words, marginal benefits decline with additional consumption.

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Interstate 4 (i-4) and state road 408 are two major highways that affect traffic flows in orlando. motorists are not required to

Alexus [3.1K]

If at a given time of the day, the state road 408 is higly congested, then it could be considered to possess the properties of a COMMON PROPERTY GOOD.
There are four types of economic goods, these are: public goods, private goods, common property goods and club good.
Common properties goods are those goods which are characterised by rival consumption and non exclusion of non payers. Rival consumption implies that consumption by a user imposes limitations on what others can consume, but a user can not stop another user from enjoying the good. Common property goods are equally owned by everyone and are not controlled by anyone in particular, thus these goods usually need government intervention.

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3 years ago

Rubio recently invested $20,000 (tax basis) in purchasing a limited partnership interest. His at-risk amount is $15,000. In addi

Sindrei [870]

Answer:

Please see attachment .

Explanation:

Please see attachment .

7 0

3 years ago

Barkatorium Pet Supplies established a line of credit with its local bank and used (borrowed) $95,000 against it to purchase its

malfutka [58]

Answer:

True

Explanation:

Since it is given in the question that the $95,000 amount is borrowed from the local bank against the purchase its first year's inventory and the same is to be repaid before the end of its fiscal year.

So if the payment is made within the one year the same is to be classified as current assets and is to be reported on the balance sheet

6 0

3 years ago

Patton has acquired several other companies. Assume that Patton purchased Kate for $ 6 comma 000 comma 000 cash. The book value

ruslelena [56]

Answer:

1. $2,000,000

2. Accounting Entry

Assets $17,000,000 (debit)

Goodwill $2,000,000 (debit)

Liabilities $13,000,000 (credit)

Investment in Kate $6,000,000 (credit)

Explanation:

The Acquisition of Kate must be done at the fair value of Assets and Liabilities at the acquisition date instead of book values.

Goodwill is the excess of the Purchases Price over the Net Identifiable assets acquired.

Calculation of Goodwill :

Purchase Price $6,000,000

Less Net Identifiable Assets

Assets at Fair Value $17,000,000

Less Liabilities at Fair Value ($13,000,000) ($4,000,000)

Goodwill $2,000,000

Accounting Entry

Assets $17,000,000 (debit)

Goodwill $2,000,000 (debit)

Liabilities $13,000,000 (credit)

Investment in Kate $6,000,000 (credit)

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3 years ago

What are the three major responsibilities of the federal reserve?

Bumek [7]

The federal reserve influences U.S. monetary policy by influencing money and credit in the pursuit of full employment and stable prices. The Fed (Federal Reserve) also supervises the activities of banks and financial institutions to protect the safety of the financial industry. The Fed also provides financial services to the U.S. Government and generally oversees the nations payment system. And overall the Fed seeks to sustain and maintain the financial system by preventing and protecting against risk.

6 0

3 years ago

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