Answer:
I'm high
Explanation:
I'm trying to wipe without tp
Answer: Increase the number of B consumed and decrease the number of A consumed.
Explanation: The utility maximization rule basically states that if the marginal utility gained from product A is greater than the marginal utility gained from product B, then more of product A should be consumed and less of product B should be consumed in order to maximize the utility per unit of money spent.
Therefore, in order for Paul to increase utility with the same amount of money, he should increase spending on the product that offers the higher marginal utility, meaning that he should spend more on the product that offers more satisfaction.
The product that offers more satisfaction in the scenario above is product B, because its marginal utility per dollar is 1, which is greater then the marginal utility of product a of 0.6 marginal utility per dollar.
Hence, Paul should increase consumption of product B and decrease consumption of product A.
Answer:
D
Explanation:
Per capita GDP measures the standard of living of the people in a country. The higher the Per capita GDP, the higher the standard of living
Per capita GDP = GDP / population
Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year
South Korea operates a market economy compared with North Korea. A market economy leads to greater efficiency in production when compared with a command economy.
A market economy is an economy where production decisions are made by the forces of demand and supply. there is no intervention of the government in production decisions
Characteristics of a market economy
• Private ownership of means of production
• freedom of choice. Producers are free to produce what they desire
• competition among producers
• no government intervention.
A command economy is an economy where production decisions are made by the government.
Answer:
320 Investments—Debt and Equity Securities
10 Overall
25-4 Recognition
Answer:
$27,645
Explanation:
The computation of the net present value is shown below
Net Present value = Present value of cash inflow + Present value of residual value - Initial investment
= $19,000 × 3.170 + $5,000 × 0.683 - $36,000
= $27,645
The 3.170 is the PVIFA factor for 4 years at 10% and the discount factor for 4 year at 10% is 0.683 and we considered the same