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Misha Larkins [42]
2 years ago
9

The following statement(s) regarding Utility Functions is/are true: Utility Functions are usually a function of wages. Utility i

ncreases at a decreasing rate. The Utility Function chosen does not matter. They will all yield the same result.
Business
1 answer:
jonny [76]2 years ago
7 0

Answer:

Utility increases at a decreasing rate.

Explanation:

Utility is the total satisfaction derived from consumptjon.

The utility function measures the total satisfaction derived from consumptjon.

Utility increases at a decreasing rate.

This can be illustrated with an example.

Imagine I am coming from a desert with no access to drinking water. I am very thirsty. The satisfaction I would derive from the first cup of water would be the highest. After my first cup, the utility I would derive from other cups would be diminishing.

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Answer:

$3,000 and $35,000

Explanation:

The computations are shown below:

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In this method, the depreciation is same for all the remaining useful life

The book value would be

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= ($50,000) - ($3,000 × 5 years)

= $50,000 - $15,000

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Answer:

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