Answer: Please refer to the explanation section
Explanation:
When a consumer is choosing between two goods which are considered to be perfect substitutes , the optimal bundles choice will be the number of good x and good z that will yield maximum utility is found the ratio of Marginal utility of good x and marginal utility of good z equals the ratio of the Price of good x and the price of good z or The Marginal utility of good x per dollar must be equal to the marginal utility of good z per dollar.
Marginal Utility of good x = MUx
Marginal Utility of Good z = MUz
Utility function = U(qx,qz)
qx and qz maximises U(qx,qz) when
= 
or 
When she receives the same marginal utility per dollar in good x and good y, utility is maximized
Answer:
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Explanation:
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Answer:
0.95= standard price
Explanation:
Giving the following information:
In 2017, the company produced 28,000 units. During the year, 117,000 pounds of raw materials were purchased at $0.92 per pound.
Direct material price variance= (standard price - actual price)* actual quantity
3510= (sp - 0.92)*117000
0.03=sp-0.92
0.95= standard price
Answer:
B. as they will have the same common business activity to their competitors
Explanation:
Gross Profit Margin = (Revenue – Cost of Goods Sold) / Revenue*100%
Net Profit Margin = PAT / Revenue * 100%
The EBITDA is calculated by adding back interest expense, taxes, depreciation & amortization expense to net profit or PAT. Then, the EBITDA margin is calculated by dividing the EBITDA by the sales revenue and is expressed in terms of percentage.
Answer:
When an item is purchased ,money is exchanged for the to.......
Explanation:
When an item is purchased ,money is exchanged for the to.......
