Answer: Sell at lower price
Explanation:
Marginal Utility is the amount of satisfaction that her customers will get with every additional unit of bread purchased.
If the marginal utility decreases, her customers will buy less bread because to them, it is not as valuable anymore. If she offers her bread at lower prices, the customers would buy more because the new price will align with the lower utility the customers get from the additional loaves.
Answer:
The correct answer is A
Explanation:
Sunk cost is the cost which is incurred by an entity and that can no longer be recovered. It is that cost which is not considered when making the decision to continue investing in the online project as it cannot be recovered.
In this case, city of Tustin incurred $10 million on the project for building a new community college and further it require $40 million to finish the project. The economist told the city council to ignore $10 million because it is a sunk cost which cannot be recovered.
Answer:
Cost of Ending WORK in Process $ 139496
Explanation:
Richmond Corporation
Weighted-Average Method
Ending work in process inventory 21,200 units
<em>First we find the equivalent units in the ending work in process inventory.</em>
Materials = 100% complete = 21200 units
Conversion= 60 % complete = 60% of 21200= 12720 units
<em>Then we multiply the equivalent units of the work in process inventory with the equivalent cost per unit and then add the materials and conversion costs to get the total cost of the ending work in process inventory.</em>
Materials = 21200 * $3.55 = $75260
Conversion = 12720 * $5.05= $ 64,236
Cost of Ending WORK in Process= $75260+$ 64,236= $ 139496
