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Anna007 [38]
3 years ago
6

In making decisions about what to consume, a person's goal is toA) allocate her limited income among all the products she wishes

to buy so that she receives the highest total utility.B) buy low-priced goods rather than high-priced goods.C) maximize her marginal utility from the goods and services she wishes to buy using her limited income.D) consume as many necessities as possible and then, if there is money left over, to buy luxuries.
Business
1 answer:
elena55 [62]3 years ago
7 0

Answer: Option (C) is correct.

Explanation:

While making decisions about the consumption, a person wishes to maximize their marginal utility drive from every unit rather than total utility.

Marginal utility refers to the satisfaction that a consumer can get from the consumption of one additional unit of goods and services.

So, consumer wants to maximize marginal utility from the products that he/she is buying with the limited level of income. They want to utilize their limited income in a best possible manner.

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I’m in secondary school but the method you should use is step by step lol. I’m in year 9
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3 years ago
When spoiled goods have a disposal​ value, the net cost of the spoilage is computed by​ ________. A. adding the costs to complet
madam [21]

The net cost of the spoilage is computed by  adding the costs to complete a

saleable product to the costs accumulated to the inspection point.

The net cost of spoilage involves summing up the disposable value of the

product to the costs accumulated to inspection point.

The cost of spoilage also refers to the costs accrued as a result of wastage

or loss during manufacturing.

Read more on brainly.com/question/25393278

3 0
2 years ago
One of the widely acknowledged problems with using the consumer price index as a measure of the cost of living is that the CPI a
Margarita [4]

A widely acknowledged problem with using the consumer price index as a measure of the cost of living is that it fails to account for the introduction of new goods.

More about consumer price index and its problem-

  • A more accurate indicator of a nation's standard of living than per capita GDP is the consumer price index or CPI.
  • It is based on the total cost of a fixed basket of goods and services purchased by an average customer in comparison to the cost of the same basket in a base year.
  • The CPI can get a precise assessment of the cost of living by including a wide range of thousands of items and services with the set basket.
  • It's crucial to keep in mind that the CPI is an index number or a percentage change from the base year rather than a monetary value like the GDP.
  • Because CPI is based on a fixed basket of products, the CPI does not provide an entirely accurate measure of the cost of living, despite being a convenient approach to calculate the cost of living and the relative price level over time.
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To learn more about the consumer price index, refer to-

brainly.com/question/9531727

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7 0
2 years ago
P & G Auto Parts sells parts to AAA Car Repair during 2018. P&G offers rebates of 2% on purchases up to $60,000 and 3% o
nirvana33 [79]

Answer:

c. credit to Sales Revenue for $72,380.

Explanation:

Since AAA Car Repair's total purchases exceed $200,000 for the year, they are eligible for the 3% rebate on purchases above $60,000. Only the fraction of the purchase over $60,000 should get the 3% rebate, the first $60,000 get the 2% rate.

Therefore, the total sales amount recorded by P & G Auto Parts by selling $74,000 of parts to AAA is:

S=(1-0.02)*\$60 + (1-0.03)*(\$74-\$60)\\S=\$72.38

There should be a credit to Sales Revenue for $72,380.

5 0
3 years ago
Amy and Lester are partners in operating a store. Without consulting Amy, Lester enters into a contract to purchase $10,000 of m
Ivan

Answer:

Amy and Lester are both weird so that's your answer.

Explanation:

none needed

4 0
2 years ago
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