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3 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]3 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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2. List and explain the components of the money supply

meriva

Answer:

Currency such as notes and coins with the people.

Demand deposits with the banks such as savings and current account.

Time deposit with the bank such as Fixed deposit and recurring deposit.

4 0

3 years ago

in forward and futures contracts, the risk of non-fulfilment of contract terms is most likely borne by:

topjm [15]

In forward and futures contracts, the risk of non-fulfillment of contract terms is most likely borne by both parties to the contract.

<h3>What are forward and futures contracts?</h3>

The difference between a forward and futures contract lies in their establishment.

A forward contract is a personal arrangement traded over the counter whereas, a futures contract is a standardized contract made through an established exchange.

Thus, in forward and futures contracts, the risk of non-fulfillment of contract terms is most likely borne by both parties to the contract.

Learn more about forward and futures contacts at brainly.com/question/15581105

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7 0

2 years ago

Smaller bags of items are generally priced lower per unit than larger bags.

Pepsi [2]

B. FALSE yes
Hi
GOOD BYE

3 0

3 years ago

On December 1, Jasmin Ernst organized Ernst Consulting. On December 3, the owner contributed $85,050 in assets in exchange for i

hoa [83]

Answer:

$3,260

Explanation:

Preparation of December statement of cash flows for Ernst Consulting

ERNST CONSULTING Income Statement

For Month Ended October 31

REVENUES

Consulting fees earned $17,450

Total revenues $17,450

EXPENSES

Rent expense $4,530

Salaries expense $8,090

Telephone expense $880

Miscellaneous expenses $690

Total expenses $14,190

Net income $3,260

($17,450-$14,190)

Therefore December statement of cash flows for Ernst Consulting will be $3,260

5 0

3 years ago

In 1895, the winner of a competition was paid $150. In 2006, the winner's prize was $70,000. What will the winner's prize be in

Jobisdone [24]

Answer:

the price will grow to $ 507,571.77 If it continues with the same grow rate

Explanation:

first we solve for the rate:

2006 - 1895 = 111 years

$Nominal (1+r)^{n} = FV\\150 (1+r)^{111} = 70,000\\\\r = \sqrt[111]{70,000 / 150 } -1$

r = 0.06

Now we apply this rate for the year 2040:

2040 - 2006 = 34 years

$Principal \: (1+ r)^{time} = Amount$

Principal 70,000.00

time 34.00

rate 0.06000

$70000 \: (1+ 0.06)^{34} = Amount$

Amount 507,571.77

6 0

3 years ago