2 years ago

In terms of microeconomic analysis, what is the function of utils?.

Business

1 answer:

Tems11 [23]2 years ago

5 0

Answer: Utility function measures consumers' preferences for bundles of goods or services.

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A car dealership union negotiates a contract that dramatically increases the salaries of all salesmen. If one of the salesmen is

Misha Larkins [42]

I think the most appropriate answer would be "a car dealership salesman" would be the opportunity cost.

I hope it helped you!

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3 years ago

2) Food bill before tax: $80<br>Sales tax: 7.9% Tip: 20%

dangina [55]

Grand Total + Total Bill Subtotal Sales Tax (7.9%)

Total Tip (20%)

Each Pays + Sales tax of 7.9% towards $80.00 is $6.32

A tip of 20% towards $86.32 is $17.26

does this help?

3 0

3 years ago

_____, as a conflict management strategy, is the political equivalent of "win some, lose some" and is possible in a long-term re

Lady bird [3.3K]

Answer:

compromising

Explanation:

Compromising—when you compromise or “split the difference” in a conflict which is the political equivalent of "win some, lose some" and is possible in a long-term relationship where there is time for give-and-take exchange.

5 0

3 years ago

After visiting several automobile dealerships, Richard selects the used car he wants. He likes its $10,000 price, but financing

liq [111]

Answer:

A. $3,520

B. $13,520

C. $240 monthly

D. 21.55%

Explanation:

A. Calculation for the total interest

Using this formula

Interest = (Principal) (Rate) (Time)

Let plug in the formula

Interest = (8000)(.11)(4)

Interest = $3,520

B. Calculation for the total cost of the car

Using this formula

Total Cost = Down Payment + Principal amount Borrowed + Interest amount

Let plug in the formula

Total Cost = $2,000 + $8,000 + $3,520

Total Cost = $13,520

C. Calculation for the monthly payment

Using this formula

Monthly Payment = (Principal amount Borrowed + Total interest amount ) / Total number of payments

Monthly Payment = ($8,000 + $3,520) / 48

Monthly Payment=$11,520/48

Monthly Payment=$240 monthly

Note 4-year * 12 months will give us 48months

D. Calculation for the annual percentage rate (APR) using this formula

APR= (2 × n × I) / [P × (N + 1)]

Let plug in the formula

APR = (2 × 12 × $3,520) / [$8,000 × (48+1)]

APR =$84,480/$8,000×49

APR=$84,480/$392,000

APR=0.2155×100

APR= 21.55%

7 0

3 years ago

Two employers pay a wage of $10 an hour. Employer A is a monopsony while Employer B hires in a competitive labor market. Both fi

defon

Answer:

It will cost employer A more to hire another worker

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3 years ago