Answer: the industrial revolution was a turning point in history because its medical advancements improved health in the medical world, life expectancy, and the spread of disease. without any one of these, there would still be disease and ill-health throughout the world.
Complete question :
If the price of an apple is $0.50, the marginal utility per dollar spent for the fifth apple is:
Number of apples ____total utility
2__________________130
3__________________180
4__________________220
5__________________250
6__________________270
7__________________280
Answer:
60
Explanation:
The marginal utility simply refers to the change or extra satisfaction derived with change in consumption.
Hence, the marginal utility of the fifth apple equals :
Difference /change or extra satisfaction derived by consuming one more than 4 apples = (total utility of 5th apple - total utility of 4th apple)
= (250 - 220) = 30
Hence, marginal utility per dollar :
Marginal utility / price per apple
Price per apple = $0.5
Marginal utility of 5th apple = 30
Therefore,
30 / 0.5
= 60
Well it may be that you just have to try and not rely on a
Answer:
Stocks represent ownership in a Business (aka Equity).
Bonds represent money lent to a Business (aka Debt).
Unlike with a House, a Business has many owners called Shareholders.
Unlike with a House, a Business borrows from many lenders, called Bondholders.
Stocks and Bonds can be publicly traded, which allows investors to buy and sell daily.
