Answer:
<u>is not</u> , <u>consume more of hamburgers</u>
Explanation:
A consumer is said to have achieved equilibrium when within his budget constraint, he purchases that combination of two goods which yield maximum satisfaction to him.
The equation for consumer equilibrium for two products is given by
In the given case, 
= 
= 
= 6.666
= 
= 8
wherein, x= pizza
y= hamburger
As is evident, the marginal utility per dollar spent is greater in case of a hamburger, the consumer is not in a state of equilibrium.
Thus, he should consume more units of Hamburgers in order to maximize his utility.
False.
The business owner should not only rely on his best judgement to determine projected costs and revenues. He should consider the trends in the market and his company performance on the previous months in order to make a sales forecast.
Answer:
the adjusted cash balance is $ 11,142
service charge expense 58 debit
cash 2868 debit
accounts receivables 2926 credit
--to record bank reconciliation--
Explanation:
CASH
Balance 8274
Service Charge -58
collection <u> 2926</u>
Adjusted Balance 11,142
BANK
Balance 8238
Outstanding Check -706
Deposit in transit <u> 3610</u>
Adjusted Balance 11,142
Prime cost=direct material+direct labor
4800000=1900000+direct labor
Solve for direct labor
Direct labor=4800000-1900000
Direct labor=2900000. ..answer
If you try with the formula of the conversation cost to solve for direct labor, you will get the same answer
The formula of the conversation cost is
CC=direct labor+factory overhead
Hope it helps!
