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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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The shareholders' equity of Green Corporation includes $200,000 of $1 par common stock and $400,000 par of 6% cumulative preferr

Anton [14]

<u>Solution </u>- $18,000

$18000 will be paid to common stockholders in 2018.

Par Value per Preferred share Dividend rate Dividend for preferred share

Annual Preferred Dividend: 400000 6.00% $ 24,000.00

Year Total Cash dividend Paid Paid to Preferred Paid to common Dividends in arrears at year-end

2016 $ 20,000.00 $ 20,000.00 $ 0 $ 4,000

2017 $ 20,000.00 $ 20,000.00 $ 0 $ 8,000

2018 $ 50,000.00 $ 32,000.00 $ 18,000

. Cumulative preferred stockholders will get their dividend along with dividend in arrears for last 2 years and then the left will be paid to common stockholders.

5 0

3 years ago

Ted was dissatisfied with his job. He said that the company policy, supervision, and working conditions were responsible for his

poizon [28]

Answer: (B).

"Hygiene factors" are the extrinsic factors that create job dissatisfaction.

Explanation:

Frederick Herzberg's theory states that some factors in the organization lead to job satisfaction while others cause job dissatisfaction.

According to him, the presence of motivators (such as; recognition and employee involvement) in an organization lead to job satisfaction.

He also stated that when "hygiene factors" (such as conducive working conditions, good supervision and job security) are absent, it causes dissatisfaction in the workplace, even though their presence don't improve job satisfaction.

7 0

3 years ago

On a particular day, the Dow Jones had a rate of change of -2.1%. Which of the following statements must also be true?

Ne4ueva [31]

Options :

A) the average of the 30 stocks in the dow jones increased.

B) every stock in the dow jones decreased

C) The NASDAQ increased.

D) The S&P increased.

Answer: B) every stock in the dow jones decreased

Explanation: The rate of change is used to measure or keep track of percentage change in stock prices over time. The change might be a positive or negative change. The change of - 2.1% indicated above exemplifies a negative change and thus a decrease or fall in stock prices over the measured time period. It indicates a downward trend and thus a decline in the stocks of dow jones.

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2 years ago

Suppose students like to eat pepperoni pizza, bean and rice burritos, and hamburgers (made from beef) from the food establishmen

Blababa [14]

Answer:

<u><em>c. The price of cheese increases</em></u>

Explanation:

Since the resources (money) are limited, the students have to choose among the three options they like to eat from the <em>food establishments on campus.</em>

<em>pepperoni pizza,</em>
<em>bean and rice burritos, and</em>
<em>hamburgers (made from beef) </em>

<em />

Reasonably, they will choose to eat the food that optimizes the use of their money, i.e. they search to optimize the utility they receive.

Since cheese is a fundamental ingredient of pizza, <em>if the price of cheese increases</em>, the price of pepperoni pizza shall increase.

Thus, students will swift from eating pepperoni pizza to eating more food from the other establishments on campus, including hamburguers (made from beef).

Therefore, <em>if the price of cheese increases, most likely the quantity of hamburgers sold will increase.</em>

8 0

3 years ago

Firms often consolidate industries through horizontal mergers and acquisitions to?

Brrunno [24]

Firms often consolidate industries through horizontal mergers and acquisitions to increase their market power.

<h3>What is market?</h3>

A market is a collection of systems, institutions, processes, social relationships, or infrastructures in economics that allow parties to exchange goods and services.
While parties may trade goods and services for money, the majority of markets rely on sellers providing their wares or services—including labor—to customers in exchange for payment.
A market, in this sense, is the mechanism by which the costs of goods and services are decided.
Markets enable distribution and allocation of resources in a community and facilitate trade.

<h3>What purpose do markets serve?</h3>

Markets are crucial.
They serve as the exchange mechanism for corporate stock and provide access to funds for firms.
Markets have a key role in how prices are set, how liquidity is transformed, and how businesses may meet customer wants.

Learn more about market here:

brainly.com/question/13414268

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3 0

1 year ago