Answer:
The correct answer is A
Explanation:
Interior solution is the solution or a choice which is to be made through an agent and that could be characterized as an optimum which is located or situated at the tangency of two curves on the graph.
The utility maximization of the consumer states or defines that the consumer decide or take decision to allocate the incomes so that the last dollar amount which is spent on each and every product bought yields the same amount of the additional marginal utility.
Therefore, the interior solution to the utility maximization of the consumer problem states that the consumer consuming the optimal amounts of all the goods.
Answer:
The correct answer is letter "E": strategic plan.
Explanation:
The strategic plan of a company is a managerial tool that allows companies to establish what to do and the path that it has to walk to reach its set objectives considering the changes in demand of its surrounding environment. In such a way, it is a critical key for decision-making within any entity.
<em>The strategic planning provides a real frame for managers and stakeholders so they can understand and evaluate the current situation of the company moreover when the firm is struggling or pursuing exploring new markets.</em>
Answer: Companies in perfect competition do not usually apply "socially conscious" practices because their cost-benefit relationship does not justify it.
Generally, the administration of an oligopolistic company will carry out "socially conscious" practices, because this differentiation between the other companies would lead to higher than normal profits.
Answer: (D) Form Utility
Explanation:
The form utility is one of the type of concept that helps in increasing the actual value of the products in the market and in the form utility following example are the type of finished product that the customers are willing to purchase are as follows:
- Electronics products
- Furniture type goods
- Parts of vehicle
According to the given question, the given situation is helps in demonstrating that the electronic commerce plays an important contribution to the consumers value by the creating of the form utility.
Therefore, Option (D) is correct answer.
Answer:
d. makes an adjusting journal entry by debiting Cost of Goods Sold for $1,200 and crediting Manufacturing Overhead for $1,200.
Explanation:
The debit balance of $1,200 in the Manufacturing Overhead account represents under-applied overhead. To ensure that the Cost of Goods Sold is accurate, the debit balance is debited to the Cost of Goods Sold while the corresponding credit goes to the Manufacturing Overhead account.
