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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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Which is the purpose of the U.S. treasury department?

tatuchka [14]

Answer:

The Department of the Treasury manages Federal finances by collecting taxes and paying bills and by managing currency, government accounts and public debt. The Department of the Treasury also enforces finance and tax laws.

Give me brainliest answer pls

5 0

2 years ago

Which of the following statements is CORRECT?

Oduvanchick [21]

Answer:

d. The statement of cash flows shows how much the firm's cash, the total of currency, bank deposits, and short-term liquid securities (or cash equivalents), increased or decreased during a given year.

Explanation:

In a statement of cash flows , what we have shown is a summary of cash and also all equivalents if cash that goes into and also goes out if a firm or company. It provides to what extent that cash is being managed by a firm. Therefore option D is the answer to this question since it talks about how cash increases or decreases in a firm in a particular year

5 0

3 years ago

Physical capital differs from raw materials in the sense that raw materials A. have a longer useful life in production B. are co

Komok [63]

Answer:

D. are used up in production

Explanation:

Raw materials can be seen as the "ingredients" required to produce a good and, thus, are consumable (used up in production). Physical capital refers to lasting goods that are assist the production process like buildings or machinery and are not consumable.

4 0

3 years ago

You expect General Motors (GM) to have a beta of 1.3 over the next year and the beta of Exxon Mobil (XOM) to be 0.9 over the nex

professor190 [17]

Answer:

Explanation:

Systemic risk are risk that are inherent in the economy. They cannot be diversified away. They are also known as market risk. examples of this risk include recession, inflation, and high interest rates. Investors should seek compensation for systemic risk. Systemic risk is measured by beta. The higher beta is, the higher the systemic risk and the higher the compensation demanded for by investors

GM has a higher beta and thus it has a higher systemic risk

total risk is measured by volatility. The higher the volatility, the higher the total risk . GM has a higher volatility

3 0

3 years ago

The following provides data for an economy in a certain year. Consumption expenditures $50 Imports $40 Government purchases of g

wlad13 [49]

Answer:

$150

Explanation:

The formula to compute the GDP is as follows

GDP = Consumption + Investment + Government purchase + Net exports

where,

Consumption = Consumption of expenditure = $50

Investment = Business fixed investment + change in inventory + construction of new homes & apartments

= $30 + $10 + $30

= $70

The change in inventory is

= Ending inventory - beginning inventory

= $20 - $10

= $10

Government purchase = Government purchases of goods and services = $20

Net exports

= Exports - imports

= $50 - $40

= $10

So the value of GDP is

= $50 + $70 + $20 + $10

= $150

5 0

3 years ago