A _____ economy is based on personal choice.

Ari is currently consuming 10 hot dogs and 8 hamburgers per week. The last hot dog she consumed yielded 20 utils while the last

katen-ka-za [31]

Answer:

Yes, there is no need to change the eatings habits

Explanation:

Ari will maximize utility until

MU / P for both is equal in order to be at equilibrium

So, in this case,

For Hot dogs

= MU / P

where

MU is marginal utils, which is 20

P is Price, which is $2

So,

= 20 / $2

= 10

For Hamburgers

= MU / P

where

MU is marginal utils, which is 25

P is Price, which is $2.5

So,

= 25 / $2.5

= 10

Therefore, MU / P for hot dog = MU / P for Hamburger

Hence, there is not need to change the eatings habits.

6 0

2 years ago

"Americans in this decade are less likely than in the prior decade to say they want to lose weight, with the average dropping fr

Scilla [17]

Answer a. Estimate a population proportion.

Explanation:

A population proportion denotes a specific attribute of a population measured in percentage, the above analysis is on losing weight by the populace.

A mean only refers to the average of the population without reference to a particular quality.

The analysis is not testing a claim but it's only making reference to earlier findings on the population. A claim would have given us a specific quality which the population has been predicted or established to adhere to.

4 0

3 years ago

____ includes) the application of knowledge, skills, and tools to achieve a specific business objective

nlexa [21]

Project management includes the application of knowledge, skills, and tools to achieve a specific business objective.

Project management refers to the use of specific knowledge, tools, skills, and techniques in order to deliver something of value to people. For instance, developing software for an improved business process, relief effort after a natural disaster, construction of a building, the expansion of sales.

Project management goals are set to achieve a specific business objective through a successful development of the project's procedures of planning, initiation, execution, regulation and closure as well as the guidance of the project team's operations.

Hence, project management achieves a specific business objective.

To learn more about project management here:

brainly.com/question/4475646

#SPJ4

4 0

1 year ago

The demand curve for a monopoly is horizontal because the demand is perfectly elastic. upward sloping. vertical because the dema

timama [110]

Answer:

Downward sloping

Explanation:

According to the law of demand, this law states that there is a inverse relationship between the price of a commodity and the quantity demanded for a commodity. This indicates that as the price of the commodity increases then as a result the quantity demanded for that commodity decreases and as the price of the commodity decreases then as a result the quantity demanded for that commodity increases.

Monopoly refers to the market conditions in which there is only a single firm operating in a whole market.

Hence, due to this inverse relationship between the price and the quantity demanded, the demand curve for a monopoly firm is downward sloping.

4 0

2 years ago

Jackson Company produces plastic that is used for injection-molding applications such as gears for small motors. In 2016, the fi

valentina_108 [34]

Answer:

a.Income Statement using variable costing

2016 2017

Sales $7,872,000 $9,840,000

Less Cost of Sales ($1,338,240) ($1,672,800)

Opening Stock $0 $334,560

Add Cost of Goods Manufactured $1,672,800 $1,338,240

Less Closing Stock ($334,560) $0

Contribution $6,533,760 $8,167,200

Less Expenses :

Fixed manufacturing costs ($3,075,000) ($3,075,000)

Selling Expenses : Variable ($862,920) ($1,082,400)

Selling Expenses : Fixed ($500,000) ($500,000)

Net Income / (loss) $2,095,840 $3,509,800

b.Income Statement using absorption costing

2016 2017

Sales $7,872,000 $9,840,000

Less Cost of Sales ($3,798,240) ($5,362,800)

Opening Stock $0 $949,560

Add Cost of Goods Manufactured $4,747,800 $4,413,240

Less Closing Stock ($949,560) $0

Gross Profit $4,073,760 $4,477,200

Less Expenses :

Selling Expenses : Variable ($862,920) ($1,082,400)

Selling Expenses : Fixed ($500,000) ($500,000)

Net Income / (loss) $2,710,840 $2,894,800

c. Reconciliation of Absorption costing Net Income to variable costing profit

2016 2017

Absorption Costing Net Income $2,710,840 $2,894,800

Fixed Manufacturing Cost in Opening Stock $0 $615,000

Fixed Manufacturing Cost in Closing Stock ($615,000) $0

Variable Costing Net Income $2,095,840 $3,509,800

Explanation:

Part a.

Under Variable Costing, Only Variable Manufacturing Costs are treated as Product costs. Fixed Manufacturing costs and All Non-Manufacturing Costs are treated as period costs.

Part b

Under Absorption Costing, Both Variable Manufacturing Costs and Fixed Manufacturing costs are treated as Product costs. All Non-Manufacturing Costs are treated as period costs.

Part c.

The difference between the Net Income under Absorption Costing and Variable Costing is due to Fixed Manufacturing Costs that are deferred in Inventory. This needs to be reconciled accordingly.

5 0

3 years ago