Economic profit = (Price - Marginal Cost) x Quantity Sold - Average Fixed Costs
In this case: Economic profit = ($12 - $10) x 500 - $2 = $1,998. Therefore, the monopoly firm's monthly economic profit equals 1998.
The monopoly's total revenue is equal to the price per unit times the quantity sold, which is $12 x 500 = $6,000.The monopoly's total cost is equal to the sum of its total fixed cost and its total variable cost. Its total fixed cost is equal to its average fixed cost times the quantity sold, which is $2 x 500 = $1,000. Its total variable cost is equal to its marginal cost times the quantity sold, which is $10 x 500 = $5,000.
Therefore, the monopoly's total cost is $1,000 + $5,000 = $6,000.The monopoly's economic profit is equal to its total revenue minus its total cost, which is $6,000 - $6,000 = $0.Therefore, the monopoly's monthly economic profit is $0.
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The monopoly firm’s monthly economic profit equals $998.
To calculate the monopoly firm's monthly economic profit, we need to consider the total revenue and the total cost.
Given:
Number of units sold (quantity) = 500
Price per unit = $12
Marginal cost per unit = $10
Average fixed costs = $2
Total Revenue = Price per unit * Quantity
Total Revenue = $12 * 500
Total Revenue = $6,000
Total Cost = (Marginal cost per unit * Quantity) + (Average fixed costs)
Total Cost = ($10 * 500) + $2
Total Cost = $5,000 + $2
Total Cost = $5,002
Economic Profit = Total Revenue - Total Cost
Economic Profit = $6,000 - $5,002
Economic Profit = $998
Therefore, the monopoly firm's monthly economic profit is $998.
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Please check if I’m doing this right
The simple interest calculation makes figuring out how much interest will be applied to a loan quick and uncomplicated.
By "simple interest and example," what do you mean?Simple interest can be used to quickly and easily calculate the interest rate on a loan. To calculate simple interest, multiply the principal amount and the number of days between payments by the daily interest rate.
When a specific rate of interest is applied, the Simple Interest (S.I.) formula can be used to calculate the amount of interest that will be charged on a specified principal amount of money. For instance, if a borrower takes out a loan of Rs. 5000 at a rate of 10 p.a. for two years, they will have to pay S.I. on the loaned amount for the entire two-year term.
Principal= $13,791
Rate of interest= 5%= 0.05
Time= 4 year, 5 year, 6 year
4 year
Simple Interest= (P X R X T) / 100
= ($13,791 X 5 X 4) / 100
= $2,758.2
5 year
Simple Interest= (P X R X T) / 100
= ($13,791 X 5 X 5) / 100
= $3,447.75
6 year
Simple Interest= (P X R X T) / 100
= ($13,791 X 5 X 6) / 100
= $4,137.3
Principal= $14,712
Rate of interest= 5%= 0.05
Time= 4 year, 5 year, 6 year
4 year
Simple Interest= (P X R X T) / 100
= ($14,712 X 5 X 4) / 100
= $2,942.4
5 year
Simple Interest= (P X R X T) / 100
= ($14,712 X 5 X 5) / 100
= $3,678
6 year
Simple Interest= (P X R X T) / 100
= ($14,712 X 5 X 6) / 100
= $4,413.6
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there is no right or wrong answer
when should you use the "Reply All" function when replying to an email?
Answer:
"when should you use the 'Reply All' function when replying to an email?"
Explanation:
In group chats and zoom invites, any invites really.
Answer:
Whenever all the recipients of a message need to read your response.
Which two of the following are long-term sources, of finance?
A- Interest rates
B- Venture capital
C- Trade credit
D- Share capital
E- Start up costs
Answer:
the answer is B and D
What do borrowers use to secure a mortgage loan?
A. Credit Card
B. Down Payment
C. House
D. Land
E. Vehicle
I’m not sure if the answer is A and B, or if C is included too.
Answer:
A. and B.
Explanation:
mortgage loans are given to individuals by a certified bank against their property. In order to secure this loan the bank requires a down payment from the individual looking for the loan as well as the individual's credit card information. This credit card will be charged the amount that the individual owes the bank on a monthly basis.
Answer:
C,D,and E
Explanation:
For a mortgage to be secure it needs to be backed up by a valuable asset such as your car your house or land.
Which product is more scarce (limited and desirable) A table or pizza? Why?
Answer:
A table could be scarce since its not on demand and not everyone wants a table while the pizza will be on demand since it is a popular fast food and everyone wants it.
the market price of northern mills stock has been relatively volatile and you think this volatility will continue for a couple more months. thus, you decide to purchase a two-month european call option contract on this stock with a strike price of $42 and an option price of $2.60. you also purchase a two-month european put option contract on the stock with a strike price of $42 and an option price of $1.20. what will be your net profit or loss on these option positions if the stock price is $47 on the day the options expire? ignore trading costs and taxes.
The answer is $120.
Explanation: The computation of the net profit or loss is shown below: Before that we have to determine the following calculations
Net Profit from call option is = (Gain from Exercising Call Option - Option Premium paid) × Size of the Contract
= (($47 - $42) - $2.60) × 100 Shares
= $240
Net Loss from put option is
= (Option Premium paid) × Size of the Contract
= $1.20 × 100 Share
= $120
So, the net profit is = Net Profit from Call Option - Net loss from Put Option= $240 - $120
= $120
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If accounts receivable increases during the year, we add the increase in accounts receivable to sales revenues to obtain cash received from customers
True or False?
False. The statement is incorrect. The increase in accounts receivable during the year represents sales made on credit, which means that revenue has been recognized but cash has not yet been received from customers.
Accounts receivable is an asset on the balance sheet that represents amounts owed to a company by its customers. To determine cash received from customers, one would need to look at the cash inflows from customer payments, which may or may not correspond directly with the increase in accounts receivable. The increase in accounts receivable does not necessarily represent cash received from customers, as it may include other factors such as changes in credit terms, sales returns, or bad debt write-offs.
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Corrective taxes are unlike most other taxes because they:_________
Corrective taxes are unlike most other taxes because they are specifically designed to correct a negative externality, which is an unintended cost imposed on a third party as a result of an economic activity.
Unlike other taxes, which are primarily designed to raise revenue for the government, corrective taxes aim to discourage behavior that creates negative externalities, such as pollution, by making it more expensive to engage in that behavior.
The idea behind corrective taxes is to align the private cost of an activity with its social cost, which includes the cost imposed on third parties. For example, a tax on carbon emissions would increase the cost of using fossil fuels, such as gasoline and coal, which would incentivize individuals and firms to use cleaner, renewable energy sources instead.
This would not only reduce the negative externality of pollution but also encourage innovation in clean energy technologies. Therefore, corrective taxes are unlike most other taxes because they are designed to achieve a specific policy goal, rather than simply generating revenue for the government.
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What is the meaning of cash in the balance sheet?
Answer:
The cash balance reported on a balance sheet is the cash in your bank adjusted for payments and receipts that have not yet cleared. For example, writen but not cashed cheques, or recieved but not yet deposited cheques.
Explanation:
Please help me 50 WORDS MINIMUM, read the post of my classmates. Reply to one of your classmates, and compare your results. How similar or different was your identification of the main ethical/moral issue? Did you reach a similar decision, or was your decision different from your classmate's? How did your opinion of the critical thinking process compare with your classmate's? After having read your classmate's summary, what might you do differently next time?
MY POST:
Identification:
The main ethical issue is:
What should the person named in the case do about giving out free samples to customers at a grocery store?
Decision:
The Most ethical resolution for Anthony is to report Mario's action to his supervisor or the Peloni family. This decision is morally justified because it upholds the responsibility of employees to follow company policies and ensure the grocery store maintains its integrity and ethical standards. The Peloni family implemented the policy against giving free samples for a reason, and disregarding this policy could potentially harm the business by diminishing the value of the products and potentially creating a negative customer experience. Determining net utility and applying universality and respect for persons also informed the decision. Ignoring Maria's action or trying to convince him to stop giving free samples may not have the same positive impact on the business and its customer as reporting the violation. Additionally, if Anthony were to talk to the Peloni family about the policy and potential benefits of offering free samples, it could potentially compromise the integrity of the business and be seen as an attempt to justify violating company policy.
Reflection:
The critical thinking process is a systematic and logical approach to problem-solving that involves several steps, including identifying the issue, gathering and analyzing information, evaluating options, and making a decision. As a person, critical thinking is useful to utilize this process in order to provide the most accurate and relevant responses to questions. Personally, find that the critical thinking process is an invaluable tool in both my personal and professional life. It has taught me to approach problems in a more organized and methodical manner, which has allowed me to make more informed and effective decisions. Additionally, by applying critical thinking to everyday situations, am better able to identify biases and assumptions and to evaluate arguments and evidence. Ultimately, the critical thinking process has enabled me to become a more analytical and logical thinker and has provided me with a framework for making better decisions in all areas of my life.
Answer:
I agree with your identification of the main ethical issue, which is whether or not to report the violation of the company policy on giving out free samples to customers. Your decision to report Mario's actions to the supervisor or the Peloni family is similar to mine, as it upholds the company policies and ethical standards, and ensures that the customers are getting the right value for the products.
I also appreciate your reflection on the critical thinking process and how it has helped you become a better decision-maker. I share the same opinion that the critical thinking process is an invaluable tool that helps us approach problems in a more organized and methodical manner. By evaluating arguments and evidence, we can make informed decisions that are not based on biases and assumptions.
After reading your summary, I think that I could have included a bit more detail in my response, especially when it comes to explaining why reporting Mario's actions is the most ethical resolution. I appreciate the additional information that you provided in your response, which helped me understand the situation better.
Explanation:
You charge $298.95 on a credit the card has an annual percentage rate of 18% how long will it take to re-pay your debts if you make monthly payments of $6.75 and what is the total amount of interest you will pay
Which of the following is true about certified public accountants (CPAs)?
O A. CPAs work for government agencies and corporations.
B. CPAs only work in the public sector.
C. CPAs only work in the private sector.
O D. CPAs work for small businesses but not large businesses.
Answer:
A. CPAs work for government agencies and corporations.
Explanation:
Certified public accountant (CPA) is the title for skilled, competent, and professionally trained accounts. Accountants play a significant role in any organization's success, be it a business-oriented, government institution, or not-for-profit organization. Employers seek and employ qualified and certified accountants to work in their organizations.
Both the public and private sector engage the services of certified account to take charge of accounting and financial management. The objective is to ensure that financial transactions are recorded correctly, and the financial statement reflects the true picture of the organization as per the generally accepted accounting principles.
A decrease in the price of eggs from $1.50 to $1.30 per dozen resulted in an increase in egg purchases from 60 to 100. The price elasticity of demand using the midpoint formula is therefore
Answer:
Explanation:
In using the midpoint method to calculate price elasticity , the average percentage change in the price and quantity are used
formula = percentage change in quantity = (Q2 -Q1/(Q2+Q1)/2)*100
Percentage change in price = ( P2 -P2/(P2-P1)/2)*100
Price changes = $1.5 to $1.3
Quantity changes = 60 to 100
Percentage in price = (1.3-1.5 /(1.5+1.3)/2 )*100
(-0.2/1.4)*100 =-14.29%
Percentage in quantity = (100-60/(100+60)/2)*100
40/80*100 = 50%
Therefore , price elasticity of demand = 50/-14.29 = -3.5
With the elastic interval being less than 1 , it means that it is an inelastic demand
6.+profitability+index.+if+the+opportunity+cost+of+capital+is+11%,+what+is+the+profitability+index+for+each+project?+(lo8-3)
Profitability index for Project A is 1.395 and for Project B is 1.389. We can conclude that both projects are profitable since their profitability indices are greater than 1. Profitability index is a financial metric that measures the ratio of the present value of future cash flows to the initial investment of a project. It is calculated by dividing the present value of future cash flows by the initial investment.
In this case, we are given that the opportunity cost of capital is 11%. This means that any project that we undertake must earn at least 11% to be considered profitable.
To calculate the profitability index for each project, we need to first calculate the present value of future cash flows and the initial investment. Once we have these values, we can divide the present value of future cash flows by the initial investment to get the profitability index.
Let's say we have two projects, Project A and Project B. Project A requires an initial investment of $100,000 and is expected to generate cash flows of $50,000 in year 1, $60,000 in year 2, and $70,000 in year 3. Project B requires an initial investment of $150,000 and is expected to generate cash flows of $75,000 in year 1, $90,000 in year 2, and $105,000 in year 3.
To calculate the present value of future cash flows, we need to discount each cash flow by the opportunity cost of capital. Using a discount rate of 11%, we can calculate the present value of each cash flow as follows:
- Year 1 cash flow: $50,000 / (1 + 0.11) = $45,045 (rounded to the nearest dollar)
- Year 2 cash flow: $60,000 / (1 + 0.11)² = $46,278 (rounded to the nearest dollar)
- Year 3 cash flow: $70,000 / (1 + 0.11)³ = $48,253 (rounded to the nearest dollar)
Using the same discount rate, we can calculate the present value of future cash flows for Project B as follows:
- Year 1 cash flow: $75,000 / (1 + 0.11) = $67,567 (rounded to the nearest dollar)
- Year 2 cash flow: $90,000 / (1 + 0.11)² = $69,421 (rounded to the nearest dollar)
- Year 3 cash flow: $105,000 / (1 + 0.11)³ = $71,293 (rounded to the nearest dollar)
To calculate the profitability index, we need to add up the present value of future cash flows and divide by the initial investment.
For Project A, the present value of future cash flows is $45,045 + $46,278 + $48,253 = $139,576. The profitability index is therefore $139,576 / $100,000 = 1.395.
For Project B, the present value of future cash flows is $67,567 + $69,421 + $71,293 = $208,281. The profitability index is therefore $208,281 / $150,000 = 1.389.
In summary, the profitability index for Project A is 1.395 and for Project B is 1.389. We can conclude that both projects are profitable since their profitability indices are greater than 1.
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the combination of all the factors that consumers evaluate when deciding whether or not to buy a good or service is called a:
The combination of all the factors that consumers evaluate when deciding whether or not to buy a good or service is called a purchase decision or buying decision.
When making a purchase decision, consumers consider various factors that influence their choice. One crucial factor is price, as consumers assess whether the product or service offers value for money. They also evaluate the quality of the item, including its durability, reliability, and performance. Additionally, consumers examine the brand's reputation and trustworthiness, looking for brands that align with their values and have a positive image.
Another important aspect is the product's features and benefits. Consumers assess how well the product meets their needs and preferences. They consider factors such as functionality, design, convenience, and customization options. Furthermore, consumers take into account the availability and accessibility of the product, including its distribution channels and ease of purchase.
Social factors also play a role in the purchase decision. Consumers may be influenced by the opinions and recommendations of friends, family, or online reviews. They consider the social status associated with the product and how it aligns with their desired self-image.
Additionally, personal factors such as individual preferences, lifestyle, and past experiences impact the purchase decision. Consumers may evaluate how the product fits into their daily lives and whether it satisfies their aspirations or goals.
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Kristina remembered that her roommate's sportstrend bike worked well and looked sleek. Kristina had a sunsetter bike when she was growing up which she liked but it was known for bright neon colors. At the bike store, she saw both brands for about the same price and decided to buy the sportstrend bike. Which type of consumer choice process does this demonstrate?
This illustrates a utilitarian approach to customer or consumer decision-making. Kristina is weighing the advantages and disadvantages of the two bikes to see which one provides the most value for her money.
Kristina recalled how her roommate's sportstrend bike was stylish and well-functioning. Growing up, Kristina owned a Sunsetter bike, which she adored but was noted for its vivid neon colours.
She is thinking about the bike's functionality, like its dependability and sleek design, as well as its attractiveness on a visual level, like whether it is something she would be pleased to possess. She is making her choice based on a reasonable study of the qualities of the items, not on sentimental considerations or personal beliefs.
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In June, The Seascape Gallery sells an oil painting to Collegiate Systems, Inc. Collegiate promises to pay for the painting in three months. The gallery prepares a draft ordering Collegiate Systems to pay $3,000 to First Bank on September 15. Collegiate Systems signs the draft. The draft is aGroup of answer choicesSight draftFuture draftTime draftTrade draft
The correct answer is C. Time draft
Explanation:
In trade, a time draft is a document that acts as credit, this means the buyer of the product can get the product and pay it after a certain amount of time, which is stipulated through the draft. Moreover, this draft is accepted by both the buyer and the seller, and it is most commonly used in international trade. This type of draft is the one used in the case presented because the payment will occur in the future rather than immediately as it occurs in other types of drafts such as a sigh draft or in regular trade drafts. Also, in this case, the buyer obtained the good (oil painting) before payment occurs and the draft acts as a promise of paying.
Orlando recently purchased a new laptop for $650. He then saw an
advertisement for a similar model being sold for only $550. In
order to resolve his ________, Orlando decided that the cheaper
model mu
dilemma
In order to resolve his dilemma, what decision did Orlando make regarding the cheaper model he saw in the advertisement?In order to resolve his dilemma,
Orlando decided that the cheaper model must have some drawbacks or compromises compared to his own.
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Suppose that, in the economy of Example 1 , the demand for electricity triples and the demand for coal doubles, whereas the demand for steel increases by only 50%. At what levels should the various industries produce in order to satisfy the new demand?
To satisfy the increased demand, the electricity industry should triple its production, the coal industry should double its production, and the steel industry should increase its production by 50%.
This means that each industry needs to adjust its output levels accordingly to meet the new demand.
In more detail, the electricity industry should produce three times its previous output to meet the tripled demand. Similarly, the coal industry should double its production to cater to the doubled demand for coal. Lastly, the steel industry should increase its production by 50% to meet the 50% increase in demand for steel.
By aligning their production levels with the new demand, these industries can ensure that they meet the increased requirements and contribute to the overall economic growth and stability.
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Tulip Corporation purchased equipment for $58,000 on January 1, 2017. On December 31, 2019, the equipment was sold for $24,000. Accumulated Depreciation as of December 31, 2019 was $33,000. Calculate gain or loss on the sale.
Answer:
question is not clear please send clear question
remember - the vp needs to know if there is a difference in job involvement between employees who are married vs. those who are single or divorced. what is the mean job involvement for employees who are married?
The mean job involvement for employees who are married is 5.37 out of 10.
Job involvement can be measured using surveys that ask questions about job satisfaction, the level of effort an employee is willing to invest in their job, and the level of enthusiasm an employee has for their job.
Married employees typically have a higher job involvement because they may feel a greater responsibility to their job and more invested in their job’s success. Additionally, married employees may feel more secure and stable with their job, leading to a higher level of job involvement.
This is in contrast to single or divorced employees, who may not feel as secure or stable and may feel less responsible for their job’s success. Ultimately, married employees tend to be more involved in their job, resulting in a higher mean job involvement.
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Healthy Plants Ltd. (HP) produces its premium plant food in 50-pound bags. Demand for the product is 100,000 pounds per week. HP operates 50 weeks per year and can produce 250,000 pounds per week. The setup cost is $200, and the annual holding cost rate is $0.55 per bag. Currently, HP produces its premium plant food in batches of 1,000,000 pounds. Using the data provided in Problem 23, determine what will happen if HP uses the economic production quantity model to establish the quantity produced each cycle.
Based on the weekly demand, production capacity and holding cost, the EPQ must be 550,482.88 pounds or 11,009.66 bags.
The Economic Production Quantity can be found by the formula:
= √( ( 2 x Annual demand x Setup cost) / ( Annual holding cost per pound x ( 1 - Demand rate per week / Production rate) ) ) )
Annual demand = Demand per week x Number of weeks in HP year)
= 100,000 x 50
= 5,000,000
Annual holding cost per pound = Cost per bag / Number of pounds in bag
= 0.55 / 50 pounds
= $0.011 per pound
Economic Production Quantity = √( ( 2 x 5,000,000 x 200) / ( 0.011 x ( 1 - 100,000 / 250,000) ) ) )
= 550,481.88 pounds
In bags this is:
= 550,481.88 / 50 pounds per bag
= 11,009.66 bags
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The question is:
Calculate the economic production quantity (EPQ) in pounds and bags
(NEED HELP ASAP)Which is a possible effect of identity theft?
Increased savings balance
Increased purchasing power
Decreased credit score
Decreased debt to credit load
The possible effect of identity theft is "Decreased credit score."
This is because when an identity of a credit card owner is stolen, often the stealer tends to use the information of the credit card owner to borrow more money or buy expensive goods and run away with it.
This often leads to more debt for the original credit card owner.
In turn, having more debt on a single credit card without repayment as at when due leads to "Decreased credit score."
Hence, in this case, it is concluded that the correct answer is option C. "Decreased credit score."
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Answer:
Decreased credit score
Which of the given factors is an assumption of perfect competition? Firms sell differentiated goods. There are high barriers to entr;y O There are a large number of producers in the market. O Firms have price setting power.
The factor that is an assumption of perfect competition is "there are a large number of producers in the market." The other factors listed are not assumptions of perfect competition.(option c)
What do you mean by perfect competition?In a perfectly competitive market, there are many firms producing identical products, leading to no individual firm having price-setting power, low barriers to entry, and no product differentiation.
According to economic theory, perfect rivalry exists when all businesses sell the same goods, market share has no bearing on prices, businesses can enter or quit the market without any obstacles, consumers have perfect or complete information, and businesses are unable to set prices.
A perfect market, formerly known as a market of atoms, is characterized by various idealising conditions, which are together referred to as ideal rivalry, or atomistic competition, in economics, particularly general equilibrium theory.
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Complete question: Which of the given factors is an assumption of perfect competition?
a) Firms sell differentiated goods.
b) There are high barriers to entry
c) There are a large number of producers in the market.
d) Firms have price setting power.
1. Give one example of professional behavior in a salon and how a cosmetologist could
demonstrate it."
Answer:
Appropriate language, a cosmetologist can demonstrate this by always speaking in a tone and at a volume that is appropriate for the setting, and never using foul language no matter what.
Sometimes news organizations have biases because:
A. they are concerned about a national crisis.
B. the government pays them to be biased.
C. they need to make money and get advertisers.
D. the audience has to be influenced.
Answer:
c
Explanation:
Sometimes news organizations have biases because they need to make money and get advertisers. Hence, option C is correct.
What is organizations?a group of people who work together in an organized way toward a common objective: the World Health Organization. The essay was about international aid organizations. more occurrences.
A structured grouping of people, such as a company, nonprofit, political party, or club, is known as an organization. These speciality schools are mostly run by nonprofit organizations. a report from the International Labor Organization.
The majority of firms today use one of three types of organizational structures: functional, departmental, or matrix. The advantages and disadvantages of each form must be considered by owners before deciding which to utilize for their business.
Thus, option C is correct.
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Which of the following are true of price bundling? (Choose every correct answer.) Multiple select question. Price bundling helps customers stock up on a product. Each item within the bundle must have about the same value as others within that bundle. Different prices are charged to different people for the same bundle of products or services. Several popular items are frequently sold together for a lower combined price. A less popular item is sometimes bundled with a more desirable item.
Answer:
Price bundling helps customers stock up on a product.
A less popular item is sometimes bundled with a more desirable item.
Several popular items are frequently sold together for a lower combined price.
Explanation:
As the name suggest Price bundling is to combined the various products and convert into a package so that if the consumer calculate its individual price so it would be high as compared to the package. Here the profits could be increased due to promotion of more than one item
So according to the given options, the following statements should be considered true
It would help the customer to stock up the product
An item i.e. less popular can be bundled with the desriable item
Also the various kind of items would be sold at very less price
What term is best described as the additional satisfaction gained from purchasing a good given the price of the product?.
Please note that the term marginal utility is used to describe the additional benefit or utility gained by a consumer from purchasing and using an additional unit of a product or service.
What is Marginal Utility used for?In social science - economics, Marginal Utility is used to calculate how much of an item or service a consumer will be ready or willing to purchase.
It aids the economist to determine consumer behavior in relation to the way a person would spend their income on various goods in order to gain the most benefit possible.
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mncs typically consider investing in ____ when investing cash over a short-term period.
Answer:
Large deposit at commercial banks