1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Anuta_ua [19.1K]
3 years ago
14

The goal of utility maximization is to allocate your ______ in order to maximize your ______.

Business
1 answer:
inn [45]3 years ago
5 0
<span>The goal of utility maximization is to allocate your resources in order to maximize your satisfaction.
Utility maximization is a concept which is used in the economics which explains that when a person is making a decision to purchase anything, he/she prefer to get the greatest value that is possible but at the least amount of money.
</span>
You might be interested in
Which one of the following stock index futures has a multiplier of $10 times the index value?
stiv31 [10]

Answer: b. Dow Jones Industrial Average

Explanation: The Dow Jones Industrial Average index futures has a multiplier of $10 times the index value which is used to calculate contract settlements and helps determine the dollar value of each point of price movement. For example, Dow multiplier is 10, meaning each Dow point is worth $10 per contract.

7 0
3 years ago
Gillie, Taft, and Dall are partners in an accounting firm. The partnership agreement is silent about the payment of salaries and
devlian [24]

Answer:

Explanation:

The partnership agreement is silent about the payment of salaries and the division of profits and losses.

Profits should be divided based on capital invested by each

The capital investment by Gillie, Taft and Dall is 60000 : 120000 : 60000 Distribution has to be in ratio of 1:2:1

Total profits are 120,000, 1:2:1 ratio

The distribution will be Gillie $30,000, Taft $60,000 and Dall $30,000.

3 0
3 years ago
Read 2 more answers
According to the article by Hutchinson, Farris and Anders (2007), cash-to-cash analysis is difficult because financial data and
Margarita [4]

Answer:

False

Explanation:

"Cash-to-cash Analysis and Management" by<em> Hutchinson, Farris and Anders</em> talks about the availability of the<em> financial data</em> and <em>computer technology</em> in assisting a business when it comes to determining its <u>cash-to-cash position </u><em><u>(C2C)</u></em><em>,</em> as well as the <em>benchmarks</em> needed for comparison.

Cash-to-cash analysis was difficult in the past, however, it is easier nowadays. The supply chain is even examined at a broader view than before. C2C efficiency is possible by utilizing the<em> readily available</em> financial date and computer technology. So, this makes the statement above as "false."

So, this explains the answer.

6 0
3 years ago
The difference between the minimum price at which a producer is willing and able to sell a unit of a good or service and the pri
kap26 [50]

Answer:

Seller Surplus

Explanation:

In business terms, there is a difference in the expected value what a seller expects to receive from the products it sells and from the amount it actually earns.

The cost of the product not only involves the monetary cost but it also involves the cost in terms of efforts involved to produce an article.

When a seller puts a product in the market, then he tries to have it a market value more than its cost. When such market value is realised then the difference in cost and market value is surplus for the supplier or producer.

But in cases where the consumer is efficient enough to bargain such product and only pays an amount which is less than the cost, then there arises seller deficit, which is represented as a negative seller surplus.

4 0
3 years ago
Explain business activities and classification ?<br><br>​
nexus9112 [7]

Answer:

Business activities may broadly be classified into two categories namely (A) Industry and (B) Commerce. Industry involves production of goods and services whereas commerce is concerned with the distribution of goods and services.

Explanation:

hope helps

7 0
3 years ago
Read 2 more answers
Other questions:
  • Lowden Company has a predetermined overhead rate of 163% and allocates overhead based on direct material cost. During the curren
    12·1 answer
  • The purchase of U.S. goods and services by foreigners A. requires the purchase of dollar-denominated bonds. B. increases the dem
    8·1 answer
  • What is the moral hazard​ problem?a. The problem that managers of a financial firm will take on riskier investments because they
    11·1 answer
  • Generally Accepted Accounting Principles (GAAP) are not routinely used in health care organizations. Group of answer choices Tru
    14·1 answer
  • How are foreign exchange rates determined
    13·1 answer
  • The Howe Co. stockholders equity account follows: Common stock (400,00 shares at $4par) $1,600,000 Paid in capital in excess in
    6·1 answer
  • Hana Coffee Company roasts and packs coffee beans. The process begins by placing coffee beans into the Roasting Department. From
    7·1 answer
  • Substance use/abuse becomes a form of self-soothing when you feel stress or anxious
    5·1 answer
  • True or False: The consequences of price ceilings are random, as the effects cannot be explained by the dynamics of the free mar
    15·1 answer
  • Gregory knew that he was going to have to pay a premium for buying a home in a certain area but was determined to do so because
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!