Answer and explanation:
Yes, the fact that a consumer is willing to replace four pounds of generic store-brand sugar for two pounds of a brand-name sugar reflects a diminishing marginal rate of substitution. This type of marginal rate of substitution (<em>MRS</em>) explains how a consumer is willing to acquire less quantity of one good to get one more additional unit of another good that is equally satisfying. In a graph, the diminishing MRS is calculated using an <em>indifference curve</em>.
Answer and Explanation:
The journal entry for the recording of sales and sales tax payable is shown below:
Accounts Receivable $3,472
To Sales $3,200
To Sales tax payable $192 ($3,200 × 6%)
To Local tax payable $80 ($3,200 × 2.5%)
(Being the sales and sales tax payable is recorded)
For recording this we debited the account receivable as it increased the asset and credited the sales, sales tax and local tax as it increased the revenue and liabilities
Answer:
$42,950
Explanation:
Data and Calculations
Revenue $129,300
Less variable costs ($72,400)
Less fixed costs ($18,900)
add depreciation $4,950
Operating Cash flow $42,950
Thus
The annual operating cash flow $42,950.
I believe that the student who listens to music is just as devoted to its Work and makes you calmer and more relaxed and it does have more of a tendency to make you be focused as in the student who doesn't listen to music may distract him/her so either way it depends on whether they can focus and devote their time to actually working and being progressive
Answer:
Assuming factors other than those being considered In a particular analysis do not change
Explanation:
ceteris paribus means all other things remaining equal. It means other factors other than those being considered In a particular analysis do not change.
For example, according to the law of supply, all other things remaining equal, the higher the price, the higher the quantity supplied and the lower the price, the lower the quantity supplied.
It is expected that the higher the price, the higher the quantity that would be supplied as suppliers would want to maximise profit. This is assuming that other factors apart from price don't change. Now assume that the government place a limit on the amount of a good that can be produced. If the limit is exceeded, erring firms can face jail time. Once this limit is exceeded, no matter the price increase, the quantity supplied would not rise.