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2 years ago

Why does the marginal benefit of a diamond nearly always exceed the marginal benefit of a bottle of water?

Business

1 answer:

exis [7]2 years ago

7 0

Answer:

B)Diamonds are much more scarce than water, so the marginal benefit of diamonds are much higher

Explanation:

Water is a necessary good, but diamonds are luxury goods. At low levels of consumption, water will provide a much higher utility than diamond. Someone very thirsty will derive much more satisfaction from drinking water than from acquiring diamonds.

Marginal benefits arise from the consumption of extra units. After one has quenched their thirst, consuming more water later adds minimal benefits. On the other hand, diamonds are scarce and valuable. Having one is good, but getting an extra one will bring greater benefits as it increases wealth. Therefore, the marginal consumption of o diamonds has greater benefits than water.

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A critical function of the government in facilitating the operation of a market economy is

o-na [289]

A critical function of the government in facilitating the operation of a market economy is setting and enforcing private property rights. Private property rights determine how a resource or good is owned.

4 0

2 years ago

On June 1, year 2, Oak Corp. granted stock options to certain key employees as additional compensation. The options were for 1,0

Dimas [21]

Answer:

Since the options were granted at an exercise price of $15 when the market value of the shares was $20, total compensation under the intrinsic method would be $5 per share on 1,000 shares or $5,000. Since the options are exercisable on 1/2/X2, the $5,000 in compensation would all be recognized n 20X1.

Explanation:

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2 years ago

The conferences were scheduled for; October 1, November 1, and December 1. The conferences were scheduled for: October 1, Novemb

ololo11 [35]

Complete Question: in order

<em>Identify which option in the following groups is punctuated correctly</em>

a. The conferences were scheduled for; October 1, November 1, and December 1.

b. The conferences were scheduled for: October 1, November 1, and December 1.

c. The conferences were scheduled for October 1, November 1, and December 1.

a. Working for a larger company has its advantages; consequently I have decided to stay here another year.

b. Working for a larger company has its advantages consequently, I have decided to stay here another year.

c. Working for a larger company has its advantages; consequently, I have decided to stay here another year.

a. The meeting started at noon: it lasted until late in the evening.

b. The meeting started at noon; it lasted until late in the evening.

c. The meeting started at noon, it lasted until late in the evening.

a. The company meeting is this afternoon; therefore please take a shorter lunch break.

b. The company meeting is this afternoon; therefore, please take a shorter lunch break.

c. The company meeting is this afternoon therefore, please take a shorter lunch break.

Answer:

1. option c

2. option c

3. option c

4. option c

3 0

2 years ago

What is the yield to maturity of a bond that as a face value of $1,000, is currently selling for $980, has a 5% coupon (paid sem

Ghella [55]

Answer:

5.47%

Explanation:

The computation of yield to maturity is shown in the attachment:

Given that

FV = $1000

PV = ($980)

PMT = 5% ÷ 2 × 1,000 = $25

Number of years = 5 years × 2 = 10 Years

The formula is shown below:

= Rate(NPER;PMT;-PV;FV;type)

The present value come in negative

So, after applying the above formula, the yield to maturity is

= 2.73 × 2

= 5.46%

Therefore with the help of spreadsheets (as attached), we could explain in a better manner.

7 0

2 years ago

Which are the first steps you should consider when constructing an online business strategy.

Nat2105 [25]

The first steps you should consider when constructing an online business strategy are: create goals and identify a USP.

<h3>What is a business strategy?</h3>

A business strategy can be defined as a set of guiding principles, actions, policies, and decisions that a business organization strategically combines, so as to successfully achieve its goals, objectives, attract potential customers and possess a competitive advantage over its rivals in the industry.

<h3>The types of business strategy.</h3>

Generally, there are four (4) main types of business strategy and these include the following:

Organizational (Corporate) strategy.
Business (Competitive) strategy.
Functional strategy.
Operating strategy.

In Business management, the first steps you should consider when constructing an online business strategy are:

Create goals

Identify a unique selling proposition (USP).

Read more on business strategy here: brainly.com/question/17130109

#SPJ1

Complete Question:

Which are the first steps you should consider when constructing an online business strategy?

Create goals and identify a USP

Understand the target audience

Change your mission statement to match the goals

Define and segment your audiences

5 0

1 year ago