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Pavlova-9 [17]
2 years ago
11

Joe is currently in consumer equilibrium by consuming cheese and crackers, such that the last cracker consumed yielded 8 utils a

nd the last piece of cheese consumed yielded 12 utils. Assume the price of crackers is two cents per cracker and the price of cheese is three cents per piece. If the price of crackers increases to four cents, Joe should __________ his consumption of crackers and his marginal utility from crackers will __________ and also __________ his consumption of cheese and his marginal utility from cheese will __________.
Business
1 answer:
Ludmilka [50]2 years ago
4 0

Joe should decrease his consumption of crackers and his marginal utility from crackers will  increase and also  increase his consumption of cheese and his marginal utility from cheese will decrease .

<h3>What happens to marginal utility when consumption decreases?</h3>

According to the Law of Diminishing Marginal Utility, the additional utility derived from increasing consumption declines with each additional increase in consumption level.

What happens to marginal utility when consumption increases?

According to the law of declining marginal utility, when consumption rises, the marginal utility gained from each extra unit decreases, all other things being equal.

Why does marginal utility decrease as more is consumed?

  • Consumers will only purchase more of a specific good if the price drops since they get less satisfaction from consuming more units of that good.
  • Thus, the law of diminishing marginal value contributes to the understanding of the law of demand.

Learn more about marginal utility brainly.com/question/15149015

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Which document is necessary for nearly everyone who applies for a job?
mestny [16]
I think it is an application OR a resume. That is usually what is necessary for applying for a job.
6 0
3 years ago
The production department of Zan Corporation has submitted the following forecast of units to be produced by quarter for the upc
serious [3.7K]

Answer:

1 & 2. Purchases of Raw Material

                          Purchases in grams                       Cost  

  Quarter 1               68,250                                      $ 81,900

  Quarter 2              82,250                                      $ 98,700

  Quarter 3              75,250                                       $ 90,300

  Quarter 4              60,500                                       <u>$ 72,600</u>

  Full year                                                                  $ 343.500

3. Expected Cash disbursements

  Quarter 1                                                                  $ 54,740

  Quarter 2                                                                 $ 91,980

  Quarter 3                                                                 $ 93.660  

  Quarter 4                                                                 <u>$ 79,680</u>

Total Year payments                                                 $ 320,060

4.  Total cost of Direct Labor    

  Quarter 1                                                                  $ 27,900

  Quarter 2                                                                 $ 37,200

  Quarter 3                                                                 $ 34,100  

  Quarter 4                                                                 <u>$ 31,000</u>

Total Year for direct labor                                       $ 130,200

Explanation:

Computation of raw material purchases

<u>Raw material consumption</u>

Qtr No of Units per qtr Total Requirement

1        9,000 * 7 gms per unit =      63,000 gms

2      12,000 * 7 gms per unit =      84,000 gms

3       11,000 * 7 gms per unit =      77,000 gms

4       10,000 * 7 gms per unit =     <u>70,000</u> gms

Total Year                                     294,000 gms

Raw Material Purchases for each quarter

Purchases = Closing inventory + Consumption - Opening inventory

1 21,000 (84,000gms * 25 % ) + 63,000 - 15.750 =  68,250 gms  

2 19,250 (77,000gms* 25 %) + 84,000 - 21,000 =  82,250 gms

3 17,500 ( 70,000gms* 25 %) + 77,000-19,250 =  75,250 gms

4 8,000 ( As per data) + 70,000-17.500            =  60,500 gms

Total year purchases =                                       =  286,250 gms

<u>Cost of purchases</u>

Quarter 1    68,250 gms  * $ 1.20     = $  81,900

Quarter 2   82,250 gms * $ 1.20      = $  98,700

Quarter 3   75,250 gms * $ 1,20     =  $ 90,300

Quarter 4   60,500 gms * $ 1,20    =   <u>$ 72,600</u>

Total purchases                                   $ 343,500

Computation of cash disbursements for purchases

Quarter 1 Payments = Opening Payables + 60 % of quarter 1

$ 5,600 + ( 60 %* $ 81,900) = $ 5,600 + $ 49,140 =               $ 54,740

Quarter 2 payments

(40 % of quarter 1) + ( 60 % of quarter 2)

($ 81,900 * 40 %) + ( $ 98,700 * 60 %)

$ 32,760 + $ 59,220                                               =                $ 91,980

Quarter 3 payments

(40 % of quarter 2) + ( 60 % of quarter 3)

($ 98,700 * 40 %) + ( $ 90,300 * 60 %)

$ 39,480 + $ 54,180                                                =                $ 93.660    

Quarter 4 payments

(40 % of quarter 3) + ( 60 % of quarter 4)

($ 90,300 * 40 %) + ( $ 72,600 * 60 %)

$ 36,120 + $ 43,560                                                =               <u> $ 79,680</u>

Total payments for purchases for the year                            $ 320,060

Computation of direct labor cost  

No of units * Estimated Direct labor hours * Labor rate per hour

Quarter 1  =    9,000 * 0.20 per unit * $ 15.50               =         $  27.900

Quarter 2  =   12,000 * 0.20 per unit * $ 15.50               =        $  37.200

Quarter 3       11,000 * 0.20 per unit * $ 15.50               =         $  34.100

Quarter 4       10,000 * 0.20 per unit * $ 15.50               =         <u>$  31.000</u>

Total cost for Direct labour                                                        $ 130,200

8 0
3 years ago
One of the diversity challenges managers have to deal with is​ that, in addition to differences in the employee groups that make
slavikrds [6]

Answer:

cultural identity

Explanation:

According to my research on studies conducted by various sociologists, I can say that based on the information provided within the question he would need to be aware of the cultural identity of the workforce. In other words he would need to be accepted by the people in that workforce as well as James accepting them.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

4 0
3 years ago
The purpose of a PERT network is: to monitor the quality of a product for compliance with ISO 9000 standards. to monitor the pro
aliina [53]

Answer:

The correct answer is the second option: to monitor the progress of a multi-step project during its development.

Explanation:

To begin with, a <em>"Program Evaluation and Reviews Techniques"</em> or PERT as it name indicates it refers to an stadistic technique by which the companies can follow the process of certain projects that they are having currently. Moreover, its main purpose is to manage and analyze the steps that a project has in order to make them less susceptible to errors. In addition to that, its main factor to observe is the time during the steps of the project. Nowadays is very common to use a tool like this in major companies.

4 0
3 years ago
A machine cost $1,238,000 on April 1, 2020. Its estimated salvage value is $139,200 and its expected life is 4 years. Calculate
natulia [17]

Answer:

  • The depreciation expense by straight-line for 2020: $206,025
  • The depreciation expense by double-declining balance for 2021: $619,000
  • The depreciation expense by sum-of-the-years'-digits for 2021: $329,640

Explanation:

Under straight-line method, depreciation expense is (cost - residual value) / No of years = ($1,238,000 - $139,200) / 4 years = $274,700 yearly depreciation expense.

Depreciation expense by straight-line for 2020 will be (April 1, 2020 - Dec. 31, 2020):  $274,700 / 12 x 9 = $206,025.

The double-declining method is otherwise known as the reducing balance method and is given by the formula below:  

Double declining method = 2 X SLDP X BV

SLDP = straight-line depreciation percentage

BV = Book value

SLDP is 100%/4 years = 25%, then 25% multiplied by 2 to give 50% or simply 1/2

Depreciation expense under double-declining method at December 31, 2021: $1,238,000 x 1/2 = $619,000

Under the sum-of-the-years'-digits, the depreciation expense for 2021 will be calculated as follows: 3 / 10 = 30%.

10 was derived by 4 + 3 + 2 + 1 for Year 2020, 2021, etc

($1,238,000 - $139,200) x 30% = $329,640

4 0
3 years ago
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