Answer: a. less than 50 utils.
b. Sean's marginal utility has become negative.
c. fewer times
Explanation:
Utility is the satisfaction derived from consuming a good or service. Marginal Utility is the added satisfaction a consumer gets when he/she consumes an additional unit while the total utility is the sum of how satisfied he/she is after consuming a given number of units.
Marginal utility reduces with every extra unit taken. So Sean's marginal utility of riding the Twisty River the second time is likely less than that of the first time. Consider when you are very thirsty and you take the first sip of water. This is the most satisfying sip and the last one you take is the least satisfying.
As long as marginal utility is positive, total utility will increase. Imagine Sean gets a marginal utility of 50, 40, 30 and 10. The total utility is then 50, 90, 120 and 130 after every ride. If after the fifth ride, his total utility is 115, it means his marginal utility has become negative (maybe he threw up).
Because marginal utility reduces with every additional unit taken, Sean is not likely to keep spending the same amount of money when he is not getting the same amount of satisfaction so he will likely ride the Twisty River fewer times.
Answer: See explanation
Explanation:
1. Dr Deferred revenue 2,000
Cr. Rent revenue 2,000
2 Dr. Insurance expense 6,600
Cr. Prepaid insurance 6,600
3 Dr Salaries expense 3,000
Cr Salaries payable 3,000
4 Dr Interest expense 250
Cr Interest payable 250
5 Dr Supplies expense 3,900
Cr Supplies. 3900
N. B:
Rent revenue for December was calculated as:
= $4,000 x 1/2
= $2,000
Insurance expense for the current year was calculated as:
= $13,200 x 6/12
= $6,600
Interest expense:
= $15,000 x 10% x 2/12
= $15000 × 0.1 × 2/12
= $250
Supplies expense:
= $1,000 + $3,400 - $500
= $3,900
Answer:
The correct answer is number (1): True.
Explanation:
Due diligence refers to the exercise an individual is subject to after entering a contract with another party by which a certain standard of care is expected from the individual.
The United States Sentencing Commission is the governmental agency in charge of reviewing sentences discrepancies and promoting fair sentencing.
<em>In front of ethical issues within a firm, the U.S. Sentencing Commission states that the company must have disseminated a code of conduct so that the filing company can allege a violation of the due diligence employees are subject to.</em>
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