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kvv77 [185]
3 years ago
15

From an economic perspective, when a consumer decides to buy more life insurance, the consumer has most likely concluded that th

e marginal rev: 05_10_2018 Multiple Choice cost of more insurance coverage is less than the marginal benefit. cost of more insurance coverage is negative. benefit of more insurance coverage is greater than the total benefit. cost of more insurance coverage is equal to the payment for the extra coverage.
Business
1 answer:
son4ous [18]3 years ago
4 0

Answer:

a. Cost of more insurance coverage is less than the marginal benefit

Explanation:

The marginal cost is the cost producers incur by the production of one more good. The marginal benefit of a good on the other hand is the utility received from the purchase of one more good or service. If a consumer perceives that the worth of good is less than the market price then they would not make that transaction. However, when the consumer has decided to buy more life insurance s/he is convinced that the marginal benefit from purchasing that good would be higher than the marginal cost of that good.

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Explain the relationships between a firm’s short-run production function and its short-run cost function .Focus on the marginal
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Answer:

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Explanation:

4 0
3 years ago
A loan of 1000 is taken out at an annual effective interest rate of 5%. The loan will be repaid using the Sinking Fund Method. T
erastovalidia [21]

Answer:

Interest paid each year = 5% of 1000 = $50

$1000 is to be paid at the end of 10 years.So payment each year = pmt(rate,nper,pv,fv) where rate = 0.04,nper=10 and fv =1000.

Payment into the fund =pmt(0.04,10,0,1000) = $83.29 each year

Value of the sinking fund at the end of the 4th year =pv(rate,nper.pmt) =pv(0.04,4,83.29) = 302.34

Interest earned by sinking fund in year 5 = 0.04*302.34 = 12.09

Interest on loan in 5th year = $50

So difference between the interest payment on the loan and the interest earned by the sinking fund in the fifth year. = 50-12.09 = 37.91 = $38 (to nearest whole number)

4 0
3 years ago
A department store has budgeted sales of 12,000 men's coats in September. Management wants to have 6,000 coats in inventory at t
murzikaleks [220]

Answer:

$1,050,000

Explanation:

Budgeted purchases= coats in inventory + budgeted sales- Beginning inventory expected coats

Budgeted purchases = 6,000 + 12,000 - 4,000 = 14,000 suits

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Therefore the dollar amount of the purchase of suits if each coat has a cost of $75 is $1,050,000

6 0
3 years ago
"Being economically responsible is the most basic social responsibility of any business. This responsibility has the most immedi
Ganezh [65]

Answer:

The correct answer is: Shareholders.

Explanation:

To begin with,<em> "Shareholders"</em> is the name that the people who own stocks in the company receives in order to know that they are the ones who put the money to keep the business going due to the fact that they invest their money by buying shares of the company with the purpose to allow them to grow and work better so the objectives are accomplished and the profits are increased. Therefore that being economically responsible has the most immediate effect on the shareholders of the company who are the ones that will suffer losses from their pockets if the managers of the organization do not act correctly.

6 0
3 years ago
What is revenue? Please answer its for EverFi
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Answer:

revenue is how much you make in a day, month, year.

4 0
3 years ago
Read 2 more answers
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