Answer:
Yes, the Astrid maximizing her utility
Explanation:
Given that
Utils for the last quart = 30
Per quart = $3
Honey price = $0.75
Utils of Last jar = 7.5
The calculation of maximum utility is given below:-
Per dollar utility gained by milk
= 30 ÷ 3
= 10 utils
Milk utility for $0.75
= 30 ÷ 3 × $0.75
= 7.5 utils
Therefore from the last quart the utility was same and the dollars was spent in last jar. So, Astrid can maximizing her utility.
The overall contribution margin ratio can be computed as follows:
Overall CM ratio = Total contribution margin/Total sales
= $141,600/177000= 80%
The older worker should have the higher wage right because he/she has more experience
Answer:
C , D , A , B
Explanation:
Risk Reserve- A buffer resource for dealing with a risk if it occurs.
Risk Management- Specifies ways to identify and deal with the project risks
Plan risk - Specifies the likelihood ,impact, and consequence of each risk.
Officer risk profile- Oversees identification, assessment , and tracking of all the reasons why something might go wrong.
Answer: In general, individuals and nations should specialize in producing goods <u>"C. for which they have a lower opportunity cost compared to"</u> other individuals or nations.
Explanation: According to the theory of comparative advantages: Each country should specialize in what is most efficient. A comparative advantage is the ability of one country to produce using relatively less resources than another.
