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Elan Coil [88]
2 years ago
14

Who determines how much utility an individual will receive from consuming a good?

Business
1 answer:
Artyom0805 [142]2 years ago
4 0

Answer:

Individuals are the only judge of their own utility. In general, greater consumption of a good brings higher total utility. However, the additional utility received from each unit of greater consumption tends to decline in a pattern of diminishing marginal utility.

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Explain the term economic activity
lakkis [162]

Answer:

Economic activity is the activity of making, providing, purchasing, or selling goods or services. Any action that involves producing, distributing, or consuming products or services is an economic activity. Economic activities exist at all levels within a society.

Explanation:

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4 0
2 years ago
I need some help with this homework.
Eddi Din [679]

Answer:

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6 0
3 years ago
3. Earning of profit is regarded as the main objective of business? Explain by giving any 3reasons
netineya [11]
Profit maximization is usually a main aim of most businesses in the private sector.

1) Usually people invest personal savings into starting businesses so that the return (aka profits) can be greater than the investment and they can earn a better living.

2) If profit is earned then the business would have enough money to pay dividends to its investors/shareholders, otherwise it wouldn’t have enough money to give as dividends and it will lose its investors.

3) Profit is required for the business to survive in competitive markets.
3 0
3 years ago
Find the final amount of money in an account if $ 8 , 000 is deposited at 5 % interest compounded semi-annually and the money is
Vika [28.1K]

Answer: $12477.27

Explanation:

The formula to find the compound amount after t years (compounded semiannually) :-

A=P(1+\dfrac{r}{2})^{2t}

Given : Principal amount : P = $ 8,000

Rate of interest : r=0.05

Time : 9 years

Now, A=8000(1+\dfrac{0.05}{2})^{2\times9}

A=8000(1+0.025)^{18}=12477.2697417\approx\$12477.27

The final amount in the account will be $12477.27

5 0
3 years ago
During April, the production department of a process manufacturing system completed a number of units of a product and transferr
malfutka [58]

Answer:

1) completed and transferred 293,000

<u><em>Equivalent units under W/A method:</em></u>

EU materials     338,500

EU conversion  306,000

Explanation:

Beginning WIP                 33,000

started and completed <u>260,000</u>

completed and transferred 293,000

Ending WIP                      65,000

EU under weighted-average methood:

complete and transferred plus percentage of completion ending WIP

293,000 + 65,000 x 70%  =  338,500

293,000 + 65,000 x 20%  =  306,000

3 0
3 years ago
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