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1 year ago

A rational choice is ______. a. made by comparing marginal benefit and marginal cost

Business

1 answer:

mr Goodwill [35]1 year ago

5 0

A rational choice is made by comparing marginal benefit and marginal cost

<h3>What is marginal cost?</h3>

The marginal cost in economics is the change in total cost that occurs when the amount produced is increased, or the cost of producing more quantity.

The law of declining marginal utility asserts in economics that the marginal usefulness of a good or service decreases as an individual consumes more of it. Consuming incremental amounts of a good provides less and less satisfaction to economic agents.

Marginal cost is an important concept in economic theory because a corporation seeking to maximize profits will produce until marginal cost (MC) equals marginal revenue (MR) (MR). After then, the cost of creating an additional item will outweigh the money generated.

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A firm that is facing both strong cost pressures and strong pressures for local responsiveness should follow _____ strategy. Mul

dangina [55]

Answer:

a global standardization.

Explanation:

Global standardization can be defined as the ability of an organization to use standard marketing techniques across the world with respect to the cultural factors.

Also, local responsiveness can be defined as the degree of requirements and conditions to which a manufacturing firm should significantly adjust their products and methods of production in a particular country to.

A firm that is facing both strong cost pressures and strong pressures for local responsiveness should follow a global standardization strategy.

Hence, when a firm follows the global standardization strategy, the quality of its goods and services is able to meet the needs of customers (people) all over the world because of the streamlining of its production processes, products design, and simplified supply chain management.

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3 years ago

A security will make payments of $25 per month for the next 5 years, plus $1000 at maturity. Which of the following is true? Gro

IRISSAK [1]

Answer: If the price increases from $1,500 to $1,600 then the yield to maturity will decrease.

Explanation:

If Yields in the market fell, Bonds would still be making the same coupon payments they always have been regardless of this fall. This will lead investors to buy more bonds which will have the effect of raising bond prices.

This therefore shows that Bond prices and Yields are inversely related. If one rises, the other falls. If the price of the security (bond) increases from $1,500 to $1,600 then it follows that the yield to maturity will decrease.

7 0

3 years ago

Dextra Computing sells merchandise for $16,000 cash on September 30 (cost of merchandise is $11,200). Dextra collects 9% sales t

IrinaVladis [17]

Answer:

1. Dr Cash $17,440

Cr Sales $16,000

Cr Sales Taxes Payable $1,440

2. Dr Cost of Goods Sold $11,200

Cr Merchandise Inventory $11,200

3. Dr Sales Taxes Payable $1,440

Cr Cash $1,440

Explanation:

1. Preparation of the journal entry to Record the cash sale and 9% sales tax

Dr Cash $17,440

(16,000 + 1,440)

Cr Sales $16,000

Cr Sales Taxes Payable $1,440

(16,000 x 9%)

2. Preparation of the journal entry to Record the cost of September 30th sales

Dr Cost of Goods Sold $11,200

Cr Merchandise Inventory $11,200

3. Preparation of the journal entry to Record the entry that shows Dextra sending the sales tax on this sale to the government on October 15

Dr Sales Taxes Payable $1,440

Cr Cash $1,440

(16,000 x 9%)

7 0

3 years ago

________ commerce involves the payment of a fee to have products and services delivered on a recurring schedule.

jeka94

Answer: Subscription

Explanation:

4 0

2 years ago

Navajo Corporation traded a used truck (cost $20,000, accumulated depreciation $18,000) for a small computer with a fair value o

Yakvenalex [24]

Answer and Explanation:

The journal entry is given below:

Equipment/Computer $3,300

Accumulated depreciation-Truck $18,000

To Truck $20,000

To Gain on disposal of truck $800

To Cash $500

(Being the exchange is recorded)

Here the equipment and accumulated depreciation is debited as it increased the asset and credited the truck, cash and gain as it decreased the assets and increased the revenue

8 0

3 years ago