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Anna11 [10]
3 years ago
11

The Law of Diminishing Marginal Utility is best shown by which of the following examples? I. Mary is happier after buying her fi

fth pair of shoes than she was after only four pairs. II. Fat Albert gets sick after eating too many Twinkies™. III. Big Bill loves cheeseburgers but finds that the third burger did less to increase his happiness than the second burger did.
Business
1 answer:
vladimir1956 [14]3 years ago
4 0

Answer : III Big Bill loves cheeseburgers but finds that the third burger did less to increase his happiness than the second burger did.

Explanation:

The Law Of Diminishing Marginal Utility states that all else equal as consumption increases the marginal utility derived from each additional unit declines.

As a consumer consumes more and more units of a specific commodity, the utility from the successive units goes on diminishing”.

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The Tingey Company has 500 obsolete microcomputers that are carried in inventory at a total cost of $720,000. If these microcomp
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Answer: $720000

Explanation:

Sunk cos simply refers to a coat which a company has already incurred and can't be recovered. They're not relevant to future decisions if the company has they already happened in the past.

In this case, the sink cost will be $720,000 which is the total cost of the obsolete microcomputers, Other coat such as $100,000, $160,000, and $50,000 are relevant cost.

6 0
3 years ago
Supplier development is synonymous with ____. Group of answer choices materials management procurement reverse marketing supplie
notsponge [240]

Answer:

<em>The correct answer is:</em> reverse marketing

Explanation:

Reverse marketing can be defined as the type of marketing in which the customer seeks the company, and not that traditional marketing model whose marketers are looking for customers.

Therefore, in this model, it is necessary to develop the variables that will bring the customer closer to the company, because reverse marketing can be considered an aggressive strategy to achieve objectives, where the buyer is the main decision maker of the purchase.

Supplier development is a technique widely used in business to business markets, where the company is the buyer who will approach the supplier in order to meet their needs.

5 0
4 years ago
13) Baxter &amp; Baxter has total assets of $710,000. There are 45,000 shares of stock outstanding with a market value of $28 a
madam [21]

Answer:

19.38

Explanation:

Baxter & Baxter

Market value share/ Percentage of profit margin ×(Total assets ×Total asset turnover)/Outstanding shares

Where:

Market value shares=28

Percentage of profit margin =71%

Total assets =710,000

Total asset turnover=1.29

Outstanding shares =45,000

Hence:

Price-earnings ratio =

$28/[0.071 ×($710,000 ×1.29)]/45,000

=19.38

4 0
4 years ago
A regional sales manager position has opened up in your company, and the National Sales Director calls you to encourage you to a
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Explanation:

8 0
3 years ago
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Svetradugi [14.3K]

Answer:

Yes, raising cattle is land intensive.

Explanation:

In the US there are fewer cowboys per acre of land than wheat farmers per acre of land.

In other countries that do not have a lot of land, generally cows are raised in feed lots and there are much more cowboys per acre of land working, as well as much more cows per acre of land.

So therefore, we can say that raising cattle is land intensive compared to farming wheat because more land is used than labor.

8 0
3 years ago
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