Please see options missing from the original question :
A. rent the room because the marginal benefit exceeds the marginal cost.
B. rent the room because the marginal benefit exceeds the average cost.
C. not rent the room because the marginal benefit is less than the marginal cost.
D. not rent the room because the marginal benefit is less than the average cost.
Answer:
A. rent the room because the marginal benefit exceeds the marginal cost.
Explanation:
Although , the original operating cost of a room per night is $100 (($10,000/100), but since there are idle capacity (empty rooms), the company will be better off by an incremental profit of $30 ($60 -$30) per room by offering to sell empty rooms for $60 per room, using a marginal (incremental ) approach.
<span>Somatic and autonomic system are the two major components of peripheral nervous system.</span><span>
Analogy: somatic is to voluntary as autonomic is to involuntary.
</span>The somatic nervous system is responsible for movement of voluntary muscles and the process known as a reflex arc. The autonomic nervous system <span>controls vital functions,—as digestion, respiration, circulation.</span>
Answer:
$15,000,000
Explanation:
The amount, related to the defined benefit plan that the company should report in the year-end financial statements as a liability in connection with the defined benefit pension plan in the balance sheet is <u>the net off Projected Benefit Obligation and Fair value of the plan assets.</u>
<u />
<u>Hence, P</u>rojected benefit obligation at year end $60,000,000 - The fair value of the plan assets at year-end is $45,000,000 is $15,000,000
<u>The firm has a funded plan and reports a $15,000,000 net assets</u>
Answer:
The correct answer is letter "B": satisfaction that results from the consumption of a good.
Explanation:
Utility is referred to as the satisfaction or joy an individual perceives by consuming a good or service. The more the individual consumes that good the higher the satisfaction until a point where the joy starts to diminish and is eventually null. The concept of utility assumes individuals make rational decisions to maximize their benefits.
Answer:Expected value = - 94661.45
Explanation:
The Policy pay out is $95000 ,if a client is in life threatening accident insurance company will loose $95000, if the client is not in a life threatening accident the insurance company will gain $250
Probability (Client is in a threatening accident) = 0.999063
Probability (not in a life threatening accident)= 1 - 0.999063 = 0000937
Insurance Premium = $250
Insurance Payout = $95000
expected value = 0.999063 x (- (95000 - 250)) + 0.000937 x (250)
expected value = 0.999063 x (-94750) + 0.000937 x (250)
expected value = - 94661.21925 + 0.23425 = - 94661.44675
expected value = - 94661.45
