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2 years ago

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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Many academic institutions offer a sabbatical policy. Every seventh year a professor is given a year free of teaching and other

Fittoniya [83]

Answer:

$ 127,773.36

Explanation:

The professor will be in sabbatical in years 7, 14, 21, 28, 35 and 42

In each of these years, he receives full pay amounting to=50,000

The PV of the sabbatical full pay

= $\frac{50,000}{1.04^7} + \frac{50,000}{1.04^14} + \frac{50,000}{1.04^21} + \frac{50,000}{1.04^28} + \frac{50,000}{1.04^35} +\frac{50,000}{1.04^42} = 84,101.22$

=50,000/(1+4%)^7+ 50,000/(1+4%)^14+ 50,000/(1+4%)^21+ 50,000/(1+4%)^28+50,000

/(1+4%)^35+ 50,000/(1+4%)^42

==50,000/(1+4%)^7+ 50,000/(1+4%)^14+ 50,000/(1+4%)^21+ 50,000/(1+4%)^28+50,000

/(1+4%)^35+ 50,000/(1+4%)^42

= $\frac{50,000}{1.316} + \frac{50,000}{1.732} + \frac{50,000}{2.279} +\frac{50,000}{2.999} +\frac{50,000}{3.946} + \frac{50,000}{5.193}$

=37,993.92 + 28,868.36 + 21,939.45 + 16,672.22 + 12,671.06 + 9,628.35

= $ 127,773.36

Thus, at an interest rate of 4%, the present value of all the sabbatical earnings amount to $ 127,773.36

6 0

3 years ago

you've observed the following returns on crash-n-Burn computers stock over the past five years: 17 percent, -4 percent, 20 perce

Anastaziya [24]

Answer: 11%

Explanation:

Arithemetic mean is the average of a set of numeric variables that is calculated by adding them up and dividing by the number of variables there are.

= (0.17 + (-0.04) + 0.2 + 0.12 + 0.10)/5

= 0.55/5

= 0.11

= 11%

6 0

3 years ago

Richards Corporation had net income of $231,971 and paid dividends to common stockholders of $58,300. It had 55,100 shares of co

Karolina [17]

Answer:

It is 15.68 times

Explanation:

Price-Earnings Ratio = Market Price per share (MPS)/Earning per share (EPS).

Where EPS = $231,971 /55,100

= $4.21

Hence, Price-Earnings Ratio = 66/4.21

=15.68 times

P/E ratio shows the expectations of the market and is the price you pay per unit of current earnings.

The ratio is as well being used for valuing companies and to find out whether they are overvalued or undervalued most especially by the investors.

8 0

4 years ago

The most common source of income is business ownership.<br><br> A. True<br> B. False

Ludmilka [50]

B.Flase
youre welcome

7 0

3 years ago

Read 2 more answers

Dropping Unprofitable Department Penn Corporation has four departments, all of which appear to be profitable except department 4

Julli [10]

Answer:

A. Department (1-3) = 40%

Department 4 =25%

B. $70,000

Explanation:

A. Calculation for the gross profit percentage for departments 1-3 combined and for department 4.

Using this formula

Gross profit percentage = Gross Profit /Sales

Let plug in the formula

Department (1-3) (360,000/900,000) = 40%

Department 4 (28,000/152,000) =25%

B. Calculation for the effect that would elimination of department 4 have had on total firm net income

First step is to find the Increase(Decrease) in overall net income

Using this formula

Increase(Decrease) in overall net income = Direct expenses - Gross profit

Let plug in the formula

Increase(Decrease) in overall net income= 27,000 - 38,000

Increase(Decrease) in overall net income= (11,000) decrease

Second step is to find the net operating income

Net operating income= 81,000 - 11,000

Net operating income= $70,000

Therefore the firm's net operating income would be $70,000

8 0

3 years ago