Answer:
d. All of the above are true
Explanation:
External costs happen if during production or consumption of a good or a service there is a negative effect on another party. The existence of this can bring about market failure. In the presence of externalities social benefit costs are a combination of private costs and also external benefits of production.
All of the options a, n and c are true so d is the answer here.
Answer:
$39,300
Explanation:
The computation of the net income is shown below:
= Sales - cost of good sold - other monthly expenses - depreciation expense
= $320,000 - $240,000 - $24,700 - $16,000
= $39,300
The cost of goods sold is computed below:
= December sales × cost of goods sold percentage
= $320,000 × 75%
= $240,000
All other information which is given is not relevant. Hence, ignored it
If the price of steak rises, a consumer who had been maximizing his or her utility before will buy less steak because its "marginal utility to price ratio is now lower than for other items."
<h3>What is
marginal utility?</h3>
In economics, marginal utility is the optimum quality or benefit (utility) which a buyer receives by purchasing an additional units of a product or service.
Some key features regrading the marginal utility are-
- The concept means that the utility and benefit of an extra unit of a product to a consumer is proportional to the quantity of units of such a product he currently owns.
- The given example shows marginal usefulness.
- The marginal value of one piece of bread provided to a family of seven will be considerable, because the family will be less hungry, as well as the difference between 7 and 8 is proportionally significant.
- A extra bread slice supplied to a family with 30 slices, on the other hand, has less marginal utility so because difference among 30 & 31 is proportionally lower and the family's hunger has already been satisfied.
- Thus, as a consumer of a product purchases further and more of the commodity, his marginal utility drops until he has no need for any extra units at all.
- The marginal utility then is equal to zero.
To know more about the marginal utility, here
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Answer:
Closing (the Sale).
Explanation:
The salesperson's objective is to obtain a purchase commitment from the prospect and create a customer during closing stage in the personnel selling process. Personal selling process starts with prospecting, pre-approach, approach and then presentation, followed by handling objectives and then closing process. In closing process, salesperson actually want the costumer to purchase the product, therefore, he or she tries to close the process as soon as possible by taking purchasing intention from the customer. This is the most important step in the whole process because this steps yields actual sales where all other steps help this step.
Answer:
not change
Explanation:
BEP (Units) = Fixed cost / (Unit selling price - Unit variable cost)
BEP (Units) Before the change is : 967750/ (30-17.75) = 79000 units
BEP (Units) after the change is: 1145500/(30-15.5) = 79000 units
--> BEP (Units) does not change
