Kyle would increase his consumption of turkey sandwiches from 7 to 9 per week if their price fell from $6 to $4. This illustrates the idea of<u> the law of diminishing marginal utility.</u>
The introductory economics textbook Principles of Economics was written by N. Gregory Mankiw, a professor of economics at Harvard.
As of 2020, there have been nine editions since its initial release in 1997. Prior to the book's publication, there was debate over the substantial advance author Greg Mankiw received from publisher Harcourt.
More than a million copies have now been sold, bringing in at least $42 million for Mankiw.
Mankiw made the decision to donate the textbook royalties he had been collecting from his students to charity after hearing their concerns about the cost.
Principles of Economics is the required text for introductory courses in American economics departments.
It is the "most commonly used economics textbook," according to its current publisher Cengage.
To learn more about Principles Of Economics here
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Answer:
WP Corporation
Which of the products should be processed beyond the split-off point? Product X Product Y Product Z
B) yes no yes
Explanation:
a) Data and Calculations:
Budgeted data for the next month:
products X Y Z
Units produced 2,400 2,900 3,900
Per unit sales value at split-off $ 21.00 $ 24.00 $ 24.00
Added processing costs per unit $ 3.00 $ 5.00 $ 5.00
Per unit sales value if processed further $ 25.00 $ 25.00 $ 30.00
Added profit after further processing $ 1.00 ($4.00) $ 1.00
Further processing of the products X, Y, and Z will yield further or added profit of $1.00 from products X and Z, but a loss of $4 from product Y. Therefore, product Y should not be processed further, unless its cost structure is such that there is a more than $4 profit to be generated and its further processing is necessary for the other two to be sold, that is if the three products must be sold jointly. In such a case, management could take further analysis to reduce the cost for consumers.
The answer to this question is Reality testing
In business term, Reality testing refers to the process to separate our emotion to see the actual situation that revolves around us.
By doing this, we will keep ourselves from relying on negative emotions to make a decision and start to use objective measures to predict the outcome.
A regimen with a schedule outline or summary of class topics and assignments
Answer:
Ending retained earning will be $433750
Explanation:
We have given beginning balance = $430000
Net income = $60000
Dividend paid = $56250
We have to find the ending balance
We know that ending retained earning is given by
Ending retained earning = beginning retained earning + net income - dividend paid
So Ending retained earning = $430000+$60000-$56250 = $433750
