Hotel clerks, amusement park workers, and travel agents all work in careers found in the hospitality & tourism career cluster. a collection of occupations that emphasise giving people food, lodging, aid to travellers, and enjoyable activities.
Career clusters are collections of similar job categories. They provide you with a simple approach to investigate several job types under a single broad clerks. Start with one of the clusters, such as construction or health care, to understand what it entails, current trends, and the various careers it provides. The information and abilities that learners need as they take a route toward their career goals are identified by career clusters. Whether learners are in high school, college, technical training, or the workforce, the recognised knowledge and skills provide a solid foundation for learner success.
To learn more about clerks, click here.
https://brainly.com/question/14339707
#SPJ4
In recent years transparency has been the most important Multiple choice question. core competence. impactful outcome. security concern. business ethic.
In recent years transparency has been the most important business ethic. Implementing proper corporate rules with reference to apparently contentious matters is referred as business ethics.
Business ethics is the study of proper company conduct when it comes to potentially contentious issues including corporate governance, insider trading, bribery, discrimination, corporate social responsibility, fiduciary duties, and much more. The law frequently directs business ethics, however there are occasions when business ethics offer a fundamental standard that enterprises may abide by to win the public's acceptance. Understanding the fundamental moral principles that guide desirable ethical behaviour is crucial, as is how a lack of these moral values contributes to the failure of many otherwise bright, talented individuals and the organisations they represent. Business ethics are crucial for success in contemporary business for a number of reasons. The most significant benefit of specified ethics programmes is the creation of a code of conduct that guides behaviour across all levels of employees, from CEOs through middle management to the newest and youngest.
learn more about business ethic here
https://brainly.com/question/27824491
#SPJ4
What does fixed rate mortgage means?
A home loan option with a fixed interest rate for the duration of the loan is known as a fixed-rate mortgage.
How long is a 30-year fixed mortgage? A home loan option with a fixed interest rate for the duration of the loan is known as a fixed-rate mortgage.In essence, the mortgage's interest rate will not vary throughout the loan's term, and the borrower will continue to make equal monthly payments for interest and principal.In the event that all payments are made on time, a 30-year fixed-rate mortgage will be fully repaid in 30 years.During the entire term of a fixed-rate loan, the interest rate is fixed.A fixed-rate loan's principal benefit is that, in the event that interest rates rise, the borrower is shielded against unexpected and potentially large increases in monthly mortgage payments. Mortgages with fixed rates are simple to comprehend and have few differences across lenders.To learn more about mortgage refer
https://brainly.com/question/1318711
#SPJ4
How do you find total cost from marginal cost?
To calculate total cost from marginal cost, you need to start by adding the marginal cost of each item or service to the previous cost.
This will give you the total cost of the items or services that have been added together. The total cost of all items and services will be the sum of the marginal costs.
For example, if you have three items with marginal costs of $5, $10, and $15, then the total cost would be $30. Keep in mind that this method of calculation works best if the marginal costs are consistent over time.
By following these steps, you can easily calculate the total cost from the marginal cost.
To learn more about marginal, click here:
https://brainly.com/question/17230008
#SPJ4
Which of the following IS one of the factors that determine a company's credit rating? a. The percentage of the net income the company allocates in the prior two years to paying back loans outstanding b. The company's average return on shareholders' equity over the most recent three years c. The size of a company's annual interest payments on debt d. The company's dividend payout ratio o Its debt-to-equity ratic
Payment history, age of credit history, amount owed, amount owed and how it is used, industry risk, and company size are used to calculate business credit scores. So option E( debt-to-equity ratio) is correct.
How do credit scores work?A credit score is a numerical expression used to quantify a person's creditworthiness. It is based on a level examination of their credit files. The main component of a credit score is a credit report, which is normally obtained from credit agencies. Despite the fact that ranges differ based on the credit scoring model, generally speaking, credit scores between 580 and 669 are regarded as fair, 670 to 739 as good, 740 to 799 as very good, and 800 and up as exceptional.
To know more about credit scores.visit:
https://brainly.com/question/25668115
#SPJ4
A 7% convertible debenture is selling at 101. It is convertible into the common stock of the same corporation at $25. The common stock is currently trading at $23. If the stock were trading at parity with the debenture, the price of the stock would be A) $43.91. B) $25.25. C) $40.00. D) $25.00.
If the stock were trading at parity with the debenture, the price of the stock would be $25.25.
What exactly does the conversion price include?The conversion price is the cost per share to convert a convertible asset into a common stock such as a stock, Debentures or preferred stock. Calculating the conversion rate of a convertible security determines the conversion price. The bond contract or securities prospectus determines the exchange ratio.
To get parity prices for commons:
$1,000 / $25
= 40 shares
To discover the number of shares the debenture is convertible into (conversion ratio).
Common stock's parity price:
1,010 / 40
= $25.25
To learn more about bond contract, click
https://brainly.com/question/24233531
#SPJ4
What pricing concept considers the price that other providers charge for the same product? a. Demand-based concept b. Total cost concept c. Cost-plus concept d. Competition-based concept
Competition-based pricing takes into account what other suppliers charge for the same goods.
These items are represented on different ledger sheets, and adjustments to their values over time are shown using debit and credit entries. These postings are recorded in a ledger or book of final postings and are frequently referred to as entries. Sales, receivables, mortgages, loans, PP&E, common stock, sales, services, wages, and payroll are examples of common financial accounts. A chart of accounts is a list of all the bank accounts that a certain company, team, or government body has. Accounting is the practice of gathering, analyzing, and reporting such data. Accountants work in the field of accounting.
Learn more about accounts from
brainly.com/question/26181559
#SPJ4
In a system that uses multiple predetermined overhead rates, overhead is applied ______. Multiple choice question. in each department as jobs proceed through the department at the end of the total production process at the end of each period before production begins
A) Overhead is applied to each department as jobs move through it in a system with multiple predetermined overhead rates.
How can a predetermined overhead rate be used to assign overhead costs to jobs?Direct materials, direct labor, and applied overhead make up the total job cost.Estimated overhead divided by estimated activity is the predetermined overhead rate.Direct materials, direct labor, and applied overhead make up the total job cost.What exactly is an established overhead rate?The allocation rate that is used to apply the estimated cost of manufacturing overhead to cost objects for a particular reporting period is known as a predetermined overhead rate.
To learn more about overhead rates here:
https://brainly.com/question/23453741
#SPJ4
What are the 3 basic concepts economists look at to determine if the country is in a recession?
The profitable affairs, employment, and consumer spending drop in a recession. Economists dissect three specific measures to see if a country is achieving each thing.
They are the Gross Domestic Product, severance rate, and affectation rate. The most important measure of frugality is Gross Domestic Product or GDP. Standard criteria for assessing a country's position of development are income per capita or capita gross domestic product, the position of industrialization, the general standard of living, and the quantum of technological structure.
Mortal Development pointers by economists annually by the United Nations Development Programme( UNDP), give broad measures of well-being worldwide. There are three data confines life expectation, education, and copping power equality.
To learn more about economists, visit here
https://brainly.com/question/14299791
#SPJ4
If an economy is operating at a point inside the PPF, Group of answer choices society is paying too much for wages unlimited resources must satisfy scarce desires there is a scarcity of human resources relative to human wants therefore society must have some mechanism for making choices the production decisions are made by the government some of the nation's resources are unemployed
If an economy is operating at a point inside the PPF, it means that society is not utilizing all of its resources efficiently.
This means that some of the nation's resources are unemployed and not being used to produce goods and services.
Society is not getting the maximum output from its resources and therefore, some of the nation's resources are not being used to satisfy the scarce desires of society.
This is why society must have some mechanism for making choices and production decisions must be made by the government or the market to allocate resources in the most efficient way and reach a point on the PPF.
To learn more about The Economy,
https://brainly.com/question/28210218
#SPJ4
Suppose a security with a risk-free cash flow of $150 in one year trades for $140 today. If there are no arbitrage opportunities, what is the current risk-free interest rate
With no arbitrage, the current risk-free interest rate is $ 7.14% and $ 1.0714% in one year.
The PV of the security's cash flow is ($150 in one year) ((1+r), where r is the one-year risk-free interest rate. If there are no arbitrage opportunities, this PV equals the security's price of $140 today. Therefore,
= $140 today = ($150 in one year) / (1+r) = ($150 in one year) / $140 today = (1+r) = $ 1.0714 in one year/ $ today, so = 7.14%
The risk-free rate of return, most commonly abbreviated as the "risk-free rate," is the rate of return on a fictitious investment with predetermined payments over a certain amount of time that is expected to fulfill all financial obligations. The risk-free rate may be acquired without taking any risks, hence any other investment that involves any risk needs to have a higher rate of return in order to entice investors to hold it. In reality, market participants frequently select the yield to maturity of a risk-free bond issued by a government of the same currency, whose default risks are so minimal as to be negligible, in order to deduce the risk-free interest rate in that currency.
To learn more about risk-free interest rate click here
brainly.com/question/3647709
#SPJ4
The management of Gilbert Inc., an automobile parts manufacturer, has created a separate department to deal with the company's increasing hiring needs. The department hires skilled employees and ensures that all organizational activities are in compliance with government regulations. In the given scenario, the new department created by Gilbert Inc. is concemed with O a. operations management e b. personnel management ec. scientific management e d. finance management
Personal management or self-management skills involve your ability to control your feelings, thoughts and actions.
What does personnel management mean?The activity of managing a company's employees, for example by managing employment records, organizing training, and helping with their problems: Large organizations with substantial personnel management resources tend to grade employees each year.Personnel managers also devise and enforce rules, policies, and procedures. For example, in workplace conflicts, including harassment, personnel managers address the issue. In addition, they create employee guidelines and align employer hiring practices with employment regulations and laws.Personnel management focuses on the maintenance of all personnel and administrative systems, whereas human resource management has a more strategic approach, forecasting the organisation's needs and continuously monitoring and adjusting all systems. Self-management skills are the abilities that allow people to control their thoughts, feelings and actions. If you have strong self-management skills, you're able to set goals independently and take the initiative to achieve them.
To learn more about personnel management refer to:
https://brainly.com/question/25443563
#SPJ4
Next
Finance and Budgeting: Mastery Test
Drag each label to the correct location on the image.
Carl wants to purchase a local soccer franchise. Classify the sources of finance for this new business.
angel investor
government
issued a $1,000 security that can be
converted to 100 shares after 5 years.
granted tax incentives for stadium
improvements
sanctioned a long-term loan in exchange
for collateral
buy 10% of the company in exchange
for cash
impressed with the business plan,
Mr. Doyle provided $75,000.
secured $100,000 from the sale of
common stock.
Reset
Next
banks equity
convertible bond
venture capitalist
The correct answer Finance and Budgeting statement issued a $1,000 security Granted tax incentives improvements - impressed with business plan, Mr. Doyle provided $75,000 secured $100,000 from sale of stock.
What is convertible bond?An interest-bearing fixed-income corporate debt asset known as a convertible bond has the option of being converted into a certain number of shares of common stock or equity. During the bond's term, the conversion from bond to stock is possible at specific times and is often at the bondholder's option. A convertible bond's price is particularly sensitive to changes in interest rates, the value of the underlying stock, and the issuer's credit rating because it is a hybrid product. For businesses, convertible bonds offer flexible funding options. A convertible bond gives investors access to a hybrid instrument that includes the benefits of both a bond and a stock, including interest payments. The number of shares of stock you may obtain by converting one bond in this bond depends on its conversion ratio. A 5:1 conversion ratio, for instance, indicates that one bond would equal five shares of common stock.
To know more about convertible bond, visit:
brainly.com/question/30101922
#SPJ1
A graph of the rate of inflation in the United States over the twentieth century shows: a constant rate of inflation in the first half of the century followed by an upward trend in the second half an overall upward trend interrupted by a large downturn in the 1930s. O a relatively steady, positive level throughout the century except for deflation in the 1930s. some periods of deflation mixed with mostly positive rates of inflation before 1955 but only positive rates of inflation after 1955.
A graph of the rate of inflation in the United States over the twentieth century shows: An overall upward trend was broken by a severe downturn in the 1930s.
A graph of the rate of inflation in the United States over the twentieth century would show an overall upward trend interrupted by a large downturn in the 1930s, also known as the Great Depression. In the first half of the century, there was a relatively steady, positive level throughout the century except for deflation in the 1930s. However, the rate of inflation began to rise in the post-World War II period, reaching high levels in the 1970s before moderating in the 1980s and 1990s. The Great Recession of 2008 had an effect on the inflation rate as well.Inflation is a measure of the rate at which the general level of prices for goods and services rises, resulting in a decline in purchasing power.
To learn more about rate of inflation here:
https://brainly.com/question/30112292
#SPJ4
What its products contribute to the world The values its employees embody What the company stands for The company's core priorities
The company's primary objectives support the ideals that its people uphold and the contributions that its products make to the world.
Which of the following is a company's values statement expressing?The organization's purpose is expressed in its mission statement. The vision statement describes what the business aspires to do or be in the future. The organization's fundamental beliefs and ethics are reflected in the values statement. controlling the plan's execution.
Which of the following is a strategic management process's primary goal?The main goal of the strategic management process is to assist the company in achieving sustainable strategic market competition.
To know more about strategic management visit:-
https://brainly.com/question/28102251
#SPJ4
The ________ section of a formal business report that makes precise suggestions for actions to solve the report problem.
The component of a formal business report that offers specific recommendations for how to handle the issue at hand.
A report that makes recommendations either suggests a solution to a problem or assesses potential options and suggests one. The report must specify the issue before making a suggestion or recommendation for a fix.
Consider the different issues you read about or experience every day.
An illustration of a health care/economic problem
For instance, Congress is attempting to determine how to stop the cost of Medicare/Medicaid from rising. The issue appears to be that if we don't change the system, Medicare (health insurance for seniors) could become bankrupt in ten years (though such predictions have existed ever since Medicare was created).
To know more about recommendations click here
brainly.com/question/21497930
#SPJ4
An increase in the rate of inflation would be most likely to result from a(n):
A) decrease in spending by the federal government. C) rise in interest rates.
B) rise in the unemployment rate. D) increase in the supply of money in circulation
A large decrease in the money supply would tend to:
A) reduce the supply of gold held by the federal government.
B) create shortages that would cause prices of goods and services to rise.
C) throw the economy into a recession.
D) reduce the size of the federal government's deficit.
The expansion of the available supply of currency is Option (D).
How does supply of money work?The total amount of money held by the general public at any particular time is referred to as the "money stock" or "money supply" in macroeconomics. Although there are many different ways to define "money," typical metrics frequently include money in circulation and demand deposits (depositors' easily available assets documented on financial institutions' books). A country's central bank is permitted to define what counts as legal tender on its own terms.
Data on the nation's money supply are normally gathered and released by a government agency or the central bank. Both public and private sector specialists monitor changes in the money supply because they think that fluctuations in the money supply have an effect on inflation, economic cycles, currency rates, and security prices.
To know more about Money, visit:
https://brainly.com/question/14081317
#SPJ1
Which of the following is a reason for a company to announce a stock split?
a) To reward investors
b) To increase total stockholders' equity
c) To decrease the market price at which the stock is trading
d) To provide the shareholders with something of value, when the company cannot afford a cash dividend
Answer:
c to decrease total stockholders equalt
Explanation:
because it is
which factor is most likely to explain japan's success in reducing corruption in its business system
The correct answer is Since 1999, there has been a noticeable rise in foreign influence in Japan.
Managers place a higher priority on interpersonal interactions in relationship-oriented cultures. In order to conduct successful business interactions, these managers believe that it is crucial to develop mutual respect, trust, and understanding. You should be aware of three categories of corporate customs: cultural imperatives, cultural choices, and cultural exclusives. Cultural imperatives are norms that, in order to succeed, you must follow. Relationship building is an illustration of a cultural necessity. A sovereign state has the authority to decide on any issues that affect its territory.
To learn more about noticeable click the link below:
brainly.com/question/1172880
#SPJ4
the complete question is : Which factor is most likely to explain Japan's success in reducing corruption in its business system?
What does it take to improve your consistency in your work ?
Answer:
if you have motivation your consistency and efficiency are very likely to improve
Suppose there are two possible income distributions in a society of ten people. In the first distribution, nine people have incomes of $30,000 and one person has an income of $10,000. In the second distribution, all ten people have incomes of $25,000. If the society had the first income distribution, the utilitarian would argue that the marginal utility of income for the person with an income of $30,000 is than the marginal utility of income for someone with an income of $10,000, so income be redistributed. Rawls considers distribution to be more equitable. True or False: Nozick considers neither distribution to be more equitable. True False
The country's population's total coverage of stimulated gross domestic product is referred to as income distribution. It's a sign that poverty will go down in the home country.
It has been demonstrated that it contributes to the country's level of inequality.
a). The concept of diminishing marginal utility would serve as the foundation for the utilitarian case for income redistribution. It would be ideal if an additional dollar could serve the economically disadvantaged more marginally than the marginally wealthy. The marginal utility of the nine people with $30,000 is lower, while the marginal utility of the $10,000 person is higher. As a result, utilitarian's advocate for equitable income distribution, which means that nine people with $30,000 in income can directly mobilize a dollar. The one person with $10,000 does not mobilize a lot of people. In order to maximize the total utility of all ten people, the utilitarian process ought to continue.
b). A second, more equitable pattern of income distribution was what Rawls favored. The maximin principle is the foundation of this argument. One individual will receive $10,000 in the first distribution, while nine individuals will receive $30,000 in the second. In the second distribution, it would benefit more.
c). Instead of distributing incomes equally, Nozick selection is based on the principle of equal opportunities. He would choose either of the two distribution patterns that ought to be based on the principle of equal opportunities. Nozick has held the belief that the government's role has been limited in order to ensure that people of all abilities have equal access to opportunities in society. The pattern of income distribution is not a concern for the government. Therefore, based on the game rule, Nozick has chosen either distribution, which may be equitable.
To learn more about income distribution here:
https://brainly.com/question/8325317
#SPJ4
Do you think organizations differ from each other when placing importance on areas of the SWOT analysis
Every organization or company will have a different basic SWOT analysis. This is because each organization has different goals, challenges, visions and missions.
In economy and business, SWOT (strengths, weaknesses, opportunities, and threats) analysis generally can be described as a strategic management technique and also strategic planning used to help a company or organization identify Opportunities, Strengths, Weaknesses, and Threats related to project planning and also business competition. SWOT (strengths, weaknesses, opportunities, and threats) analysis sometimes called situational assessment or situational analysis. Each organization or company have their own SWOT analysis through their vision.
Here you can learn more about SWOT analysis https://brainly.com/question/29766396
#SPJ4
Who answers the what in a market economy?
The producer controls what to make, how much to produce, how much to charge buyers for those things, and how much to pay employees in a market economy. In a free-market economy, the pressures of competition, supply, and demand have an impact on these decisions.
What do you know about Market Economy?
Market economies, in which individuals bartered goods and services without using money, gave rise to market economies. Market economies emerged as one of three modern economic systems when ideas of money, free commerce, and private property rights evolved. The command economy is another contemporary economic system in which, in stark contrast to the market economy, the government controls all economic choices. Additionally, market economies have other traits. Because it grants owners the right to sell their commodities, the idea of private property is essential to the market economy.
So, The producer controls what to make, how much to produce, how much to charge buyers for those things, and how much to pay employees in a market economy.
To learn more about Market Economy:
https://brainly.com/question/1659498
#SPJ4
The formation of the European Monetary Union and its single currency Euro is expected to
O eliminate foreign currency risk between its member countries.
O create stock and bond prices denominated in Euros.
O have stock and bond indexes tracking a combined group of common stocks and bonds from the member countries.
O All of these.
Financial incentives given by the government to corporations, individuals, or other governments for the purpose of encouraging certain activities or behaviors are ______.
Financial incentives given by the government to corporations, individuals, or other governments for the purpose of encouraging certain activities or behaviors are subsidy.
Financial incentives are monetary rewards that are given in exchange for behavior or actions that would not otherwise take place. Financial incentives promote conduct that might not occur without them.
The two different types of incentives are financial and non-financial ones. Financial incentives are rewards or payments given in exchange for achieving set objectives or targets. Non-financial incentives include things like honors, privileges, and recognition that are not monetary in nature. Financial motivations are a common reason why people change careers, therefore providing financial incentives might help employers retain their best employees.
To know more about Financial incentives visit :
https://brainly.com/question/11555016
#SPJ4
Year-to-Date Turnover Avg. Head- < 90 Day This Year Last Year Total Shift count 95 A 8 16. 8% 16. 2% 16 17. 5% 11. 1% 14 55 14. 5% 9. 8% 45 4 8. 9% 10. 3% Total 14. 3% 275 42 15 15. 3% Assuming the cost of an associate leaving within 90 days is $3,000, what will be your facility's approximate cost of early turnover for this year? a. 45000 b. 90000 c. 126000 d. 252000
It is estimated that losing an employee can cost a business 1.5 to double the employee's income. This shows how expensive turnover is.
How do you calculate cost of turnover?The cost of employee turnover is calculated by multiplying your annual rate by the number of employees lost in that position in a given year, multiplied by 12, and then adding your cost to cover the vacant position, cost to fill the position, cost of onboarding and orientation, and cost of productivity ramp up.
An owner of a firm wants to maintain as little inventory on hand and sell as much of it as they can. The turnover rate, which indicates how frequently a company sells all of its goods, is five, for instance, if the cost of sales each month is Rs. 5,00,000 and you have Rs. 1,000,000 in inventory. You can figure out total turnover, voluntary turnover, and involuntary turnover.
To learn more about cost of turnover refer to:
https://brainly.com/question/29705008
#SPJ4
all competitive firms earn zero economic profit in both the short run and the long run.
a. true
b. false
False. On the long run, they experience no economic gain.
When a business generates no revenue, what does it mean?The situation where a firm's total income equals the total of its explicit and hidden costs is known as zero economic profit. In other words, it happens when a company's revenue is equal to zero after deducting all of its costs, both explicit and implicit. The usual profit, commonly referred to as zero economic profit, is frequently observed in markets with perfect competition. Since there are no barriers to entry or leave in such marketplaces, new businesses are enticed to enter the sector whenever existing businesses make a profit. As a result of this mechanism, the economic profit is pushed to zero. flawless rivalry
To know more about Profit visit: https://brainly.com/question/29585616
#SPJ4
A customer buys 100 shares of preferred at $51 per share. The par value is $50. The dividend rate is 8%. Each dividend payment would be:
$50 is the par value. The yield on dividends is 8%. According to each dividend payment: The annual rate is equal to 8% times the $50 par value, or $4 per share, multiplied by 100 shares to equal $400.
What is accurate regarding preferred stock?The most accurate response is c. Because preferred stock distributions are frequently constant over time, a preferred stock can be valued in perpetuity. The preferred stock of an organisation is that stock whose dividend payment is made before that of common stocks.
The par value formula is what?Retained earnings are subtracted from total equity to determine it. par is defined as par value times the number of shares issued. further capital contributions.
To know more about annual rate visit:-
https://brainly.com/question/29766128
#SPJ4
The landlord of a building needs to perform plumbing work in the bathroom of a tenant's space. Which clause in the tenant's lease will specify when the landlord is permitted to enter the tenant's space to perform the work
Notice Clause in the tenant's lease will specify when the landlord is permitted to enter the tenant's space to perform the work.
Owner of a home, apartment, condominium, piece of land, or other real estate that is rented or leased to a person or organization is known as a landlord (also a lessee or renter). The term "landlord" is used to describe a legal person in this situation. Lessor and owner are other terms. For the female owners, the title "landlady" may be used. Landlord/landlady refers to the manager of a bar who is legally a licensed victualler in the United Kingdom. In terms of political economy, it only applies to the owner of undeveloped natural resources (such as land, not including structures), from which revenue is derived in the form of economic rent. The idea of a landlord can be traced to the feudal system of manoralism (seignorialism), in which a landed estate is owned by a Lord of the Manor (mesne lords), typically members of the lower nobility who evolved into the rank of knights in the high medieval period, holding their fief via subinfeudation. However, in some instances, the land may also be directly subject to a member of higher nobility, as in The latifundia (wide farmsteads worked by peasants) and villa systems of the Roman Empire are ultimately continued by the medieval system.
Learn more about landlord here
https://brainly.com/question/5860274
#SPJ4
If a rational consumer is in equilibrium, which of the following conditions will hold true?
Multiple Choice
a. The marginal utility of the last dollar spent on each good purchased will be the same.
b. The marginal utility of each good purchased will be zero.
c. The total utility obtained from each good purchased will be the same.
d. MUa = MUb = MUc = . . . = MUn.
a)The final dollar spent on each item will have the same marginal utility. It explains that a good or service's first unit of consumption has greater utility than subsequent units.
How Does Marginal Utility Work?The added satisfaction a consumer experiences from purchasing an additional unit of a product or service is known as marginal utility. Economists use the idea of marginal utility to figure out how much a product consumers are willing to buy.
When more things are used, the total utility goes up, and this is called positive marginal utility. Negative marginal utility, on the other hand, occurs when the overall utility is reduced by one additional unit.
The idea of marginal utility is used by economists to determine how consumer decisions are influenced by levels of satisfaction. The law of diminishing marginal utility is a concept that economists have also identified.
To learn more about marginal utility visit :
https://brainly.com/question/15561406
#SPJ4
Which of the following increases the equilibrium price of a used car and decreases the equilibrium quantity? Select all that apply.
a. An announcement by the U.S. Attorney General that the windows on older cars were made with cheaper glass that can explode at high speeds
b. New federal legislation that raises the legal driving age to twenty-one in all states
c. A new fee that used car dealers must pay to the government on all sales of used cars
d. A natural disaster that destroys hundreds of used car dealer ships.
Out of the given statements option c : A new fee that used car dealers must pay to the government on all sales of used cars will increase the equilibrium price of a used car and decreases the equilibrium quantity.
When the sellers will have to pay some extra amount/fee on the sale of supply of the old/ used cars it will consequently result in the decrease of the supply of used cars. We can further conclude that the supply curve will shift towards left.
The price at which the supply and demand of the commodity are balanced is called equilibrium. The market is considered to be in an equilibrium when a major index goes through a period of consolidation or sideways movement, indicating that the forces of supply and demand are essentially equal. Prices, according to economists, frequently oscillate near their equilibrium levels. Economic factors like supply and demand are in balance in this scenario, hence the values of economic variables won't change in the absence of external impacts.
We can learn more about equilibrium price here:
https://brainly.com/question/28527601#
#SPJ4