The answer is C. analyze your current personal and financial situation
People are willing to pay for a unit of a particular commodity is determined by Marginal utility.
Explanation:
Marginal utility (MU) is characterized as the additional utility obtained from the use of one additional unit of a good or service, or the increased use of an increased unit by an entity.
Economists use the idea of marginal utility to assess how much of an item consumers can purchase. Positive marginal utility happens when the consumption of an additional item increases the total utility, while negative marginal utility occurs when the consumption of an additional item reduces the total utility.
This example illustrates INSIGHT. A person is said to have an insight when a solution to a problem present itself to him or occur to him suddenly. Insight refers to the sudden discovery of a perfect solution after trying unsuccessfully to fix a problem.
The solution to get the gross pay for the week of Rocco;First we will calculate the straight time pay which is (40 x $19.00) = $760, second is the overtime pay which is (3 x $19.00 x 1.5) = 85.5, we will just add the straight time pay and overtime pay to get the gross pay and it is $845.5
Answer: Limited liabilities and partnerships
Explanation:
Limited liabilities mean that the partners within the firm are only liable to pay off their debts with the amount they had invested as capital in the company. Partnership is an agreement between certain number of partners to share the profit and loss of the company. In this case since there is a 50/50 allocation of profits and there are only 2 partners therefore, this is a limited liability partnership.
