Answer:
Option (B) is correct.
Explanation:
The utility maximization point for a consumer is as follows:
It is given that,
price of Pepsi(x) = $1 per can
price of a hamburger(y) = $2
Marginal utility from Pepsi = 4
Marginal utility from hamburgers = 6
Hence,
4 > 3
Therefore, it can be seen that the consumer's utility is not maximized at this point.
Law of diminishing marginal utility states that as the consumer consumes more and more quantity of goods then as a result the utility obtained from the consumption goes on diminishing.
So, there is a need to increase the quantity of Pepsi consumed and reducing the quantity of hamburgers consumed.
Answer:
M1 $1.24 trillion
M2 $4.41 trillion
M1 and M2 money have several definitions, ranging from narrow to broad. M1 = coins and currency in circulation + checkable (demand) deposit + traveler's checks. M2 = M1 + savings deposits + money market funds + certificates of deposit + other time deposits.
Increase in CM 9,000
Less: Increase in FE 5,000
Change in Net Operating Income
Answer:
32.03%
Explanation:
The computation of the standard deviation is as follows;
As we know that
Average return = Total return ÷Total time period
= (32 + 24 - 48 + 12 - 9) ÷ 5
= 2.2%
Now
Return (Return - Average Return)^2
32 (32 - 2.2)^2 = 888.04
24 (24 - 2.2)^2 = 475.24
-48 (- 48 - 2.2)^2 = 2520.04
12 (12 - 2.2)^2 = 96.04
-9 (-9 - 2.2)^2 = 125.44
Total = 4104.8%
Now
Standard deviation is
= [Total (Return - Average Return)^2 ÷ (Time period- 1)]^(1 ÷ 2)
= [4104.8 ÷ (5 - 1)]^(1 ÷ 2)
= [4104.8 ÷ 4]^(1 ÷ 2)
= 32.03%
Answer: $8.60
Explanation:
Since Henry wrote 24 checks in April and the bank charges $0.15 a check, the amount paid on the check will be:
= 24 × $0.15
= $3.60
Furthermore, since the monthly service charge for the checking account is $5, the total of the fees Henry pays in April on his checking account will be:
= $5 + $3.60
= $8.60
Therefore, the total amount that Henry will pay will be $8.60.
