Answer:
TRUE
Explanation:
The statement is True. Economists believe that social regulation is an exception to the MB=MC rule. The social regulation is an important aspect for a company as a repsonsibility towards the society. There must be awareness among the customers about the products offered to them and advantages of its utilisation to them. This includes the efforts of the companies to advertise the product ina proper manner. It also requires the company to be fair with their customers with respect to the ingredients or the raw material to be used by the manufacturers of the products. The working conditions of the manufacturing firms must be adequate for the employees to deliver an efficient product.
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Answer:
Hi the demand for each product for this question is missing, however, i have provided step by step approach to solving the problem below .
Explanation:
First Calculate the contribution per unit of each product
A B C
Sales price $65.50 $57.50 $75.25
Less Total variable cost ($28.85) ($26.50) ($38.95
)
Less Direct material cost ($11.25) ($8.90) ($22.75)
Contribution $25.40 $22.10 $13.25
Calculate the contribution per limiting factor of each product and rank the products
<em>contribution per limiting factor = contribution per unit ÷ quantity per limiting factor per unit</em>
A B C
Contribution $25.40 $22.10 $13.25
Quantity of limiting factor 4.65 6.3 5.9
Contribution per limiting factor 5.46 3.51 2.25
Ranking 1 2 3
Allocate the limiting factor according to the limiting factor
The company will on produce Product A as this is the most profitable.
Contribution = $25.40
Answer:
The correct answer is letter "A": see themselves as better than the average person.
Explanation:
In <em>social psychology</em>, individuals' self-serving bias is the point of view people have of themselves believing they are superior to others. Given a certain attribute, these kinds of individuals relate a positive outcome with their own "awesomeness" while a negative outcome is the reflection of others not being capable enough of reasoning like the individuals even though the individuals could be objectively wrong.
Answer:
..OK I know what,is the mangsanswer
Explanation:
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Answer:
The correct option is A. Marginal thinking is best demonstrated by choosing to spend one more hour studying economics because you think the improvement in your score on the next quiz will be worth the sacrifice of time.
Explanation:
Marginal thinking can be described as a form of thinking in which a person evaluates the costs as well as the benefits of doing an extra task. The person thinks about the worth of the extra resources. For example, in the option A the person is thinking to study economics at the cost of an extra hour. This cost would benefit him to score more in the quiz which is worth the cost.
