Answer:
We employ the fact that Pprofit Maximizing Price = Marginal cost * (ed/ed + 1)
Price = $9 * (-3 / (-3 + 1))
Price = $9 * (-3/-2)
Price = $9 * 1.5
Price = $13.5
As we can see that the profit maximizing price is 13.5. Whereas, the current price of $15 which is not profit maximizing. So the firm should reduce the price to 13.5 per unit so as to be maximizing profit.
<span>The 646 percent growth in women in prison is significant compared to 419 growth in males that are incarcerated. Approximately 1 in 14 prisoners are female. The reasons range from petty crimes to capital murder. The lack of resources of single females may be leading to the drastic rise in percentage of women incarcerated.</span>
Answer: The allocation of resources within her operation
Explanation:
According to the given question, Rhonda planned for open one of a pastry shop in the resort town near the eastern coast and she is basically start planning to set up all the function and operations.
The allocation of the resources in the shop is one of the preliminary organizational decision which is specifically taken by herself.
The importance of the allocation of the resources is that it helps in managing and organizing all the resources in the shop for achieving the desirable goals. Therefore, The given answer is correct.
Answer:
Total utility
Marginal utility
Explanation:
Total utility is the total satisfaction derived from a particular activity. As consumption increases, total utility increases at a decreasing rate.
Marginal utility is the utility derived from one more unit of consumption. As consumption increases, the satisfaction derived falls.
For example, the marginal utility a man who is extremely thirsty would derive from the first bottle of cold water would be the highest. The utility he derives from additional bottles of water would successively decrease.
The law of diminishing marginal utility states that as consumption increases, marginal utility falls.
I hope my answer helps you
<h2>At the end of the year the supplies expenses will be 9,500 $</h2>
Explanation:
With the help of Preparing Suppllies Account we got the answer
<u> Supplies Account</u>
jan 1 By balance b/d 1,500
To Cash (expenses) Bal 9,500 By Purchase 40,000
To Bank (paid ) 30,000
Dec 31 To bal c/d 2,000
So by preparing Supplies Account we got the balance amount of Expenses paid to supplies are 9,500 $
