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olya-2409 [2.1K]
3 years ago
12

When the utility function for a risk-neutral decision maker is graphed (with monetary value on the horizontal axis and utility o

n the vertical axis), the function appears as a(n) ________.(A) convex curve.(B) concave curve.(C) 'S' curve.(D) straight line.
Business
1 answer:
andreev551 [17]3 years ago
7 0

Answer:

The correct answer is letter "D": straight line.

Explanation:

Utility represents the satisfaction a person receives from the use of a good or service. In case there is a risk-neutral decision-maker, that individual is unlikely to vary the value he or she provides to the use of products to remain in a comfort zone. However, the utility could vary according to satisfaction the good or service provides in different situations.

Thus, if plotted in a graph, <em>the value representing the horizontal axis and the utility the vertical axis, there will be a straight line departing from the horizontal axis parallel to the vertical axis.</em>

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2 years ago
A registered investment adviser often recommends real estate limited partnership investments to her wealthy clients. The RIA's p
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Answer: Her actions are inconsistent with the advice being given to her clients and this must be disclosed

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This shows that her actions are inconsistent with the advice being given to her clients and this must be disclosed.

5 0
3 years ago
Visa cards, gas cards and department store cards are all
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3 years ago
gThe following data are available for Martin Solutions, Inc. Year 2 Year 1 Sales $1,139,600 $1,192,320 Beginning inventory 80,00
Vaselesa [24]

Answer and Explanation:

The computation is shown below;

For Year 1

Average inventory = (Beginning inventory + Ending inventory)÷ 2

= ($64,000 + $80,000) ÷ 2

= $72,000

Inventory turnover = Cost of goods sold  ÷ Average inventory

= $606,000 ÷ 72,000

= 8.4 times

Days in inventory = 365 ÷ Inventory turnover ratio

= 365 ÷ 8.4

= 43.5 days

For Year 2

Average inventory = (Beginning inventory + Ending inventory) ÷ 2

= ($80,000 + $72,000) ÷ 2

= $76,000

Inventory turnover = Cost of goods sold ÷ Average inventory

= $500,800 ÷ 76,000

= 6.6 times

Days in inventory = 365 ÷ Inventory turnover ratio

= 365 ÷ 6.6

= 55.3 days

3 0
3 years ago
Credenza Industries is expected to pay a dividend of $1.70 at the end of the coming year. It is expected to sell for $62 at the
Brrunno [24]

$3.56 is the capital gain

<u>Explanation:</u>

<u>Credenze industries </u>

The Dividend = 1.70 , Cost of capital = 9% , Selling price =62 , calculation of Expected capital gain =?

<u>In order to calculate the Present market price (PM) , </u>

Let the PM (Present market value) = x

The Cost of equity = the change in market price + dividend

9 \% \text { of } x=(62-x)+1.70

=> X = $ 58.44 .

Therefore, the Capital Gain that has been gained is = $ 3.56

6 0
3 years ago
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