The bank would want to know the person’s credit history so the bank knows the person will repay the loan.
Answer:
While total utility measures the aggregate satisfaction an individual receives from the consumption of a specific quantity of a good or service, marginal utility is the satisfaction an individual receives from consuming one additional unit of a good or service.
Answer:
Option (D) is correct.
Explanation:
Calculation of total manufacturing overhead:-
4000 units manufacturing overhead:
= Production volume × Manufacturing overhead
= 4,000 × $94
= $376,000
5000 units manufacturing overhead:
= Production volume × Manufacturing overhead
= 5,000 × $77.60
= $388,000
Variable cost per unit:
= 12
Fixed cost = Total cost - variable cost
= $388,000 - 5,000 × 12
= $388,000 - $60,000
= $328,000
So total monthly fixed manufacturing cost is $328,000.
Answer:
b) surplus; shortage; up; fall
Explanation:
If the bond market and money market start out at equillibrum, and money supply is increased there will be an excess (surplus) of money over bonds.
That is more money to buy less bonds. The relative scarcity of bonds will result in a shortage (bond supply cannot meet demand).
As a result of the shortage price of bonds will increase because more people are looking for the scarce bonds.
Price of bonds has an inverse relationship with interest. As price increases interest rates will fall.
For example consider a zero coupon bond of $1,000, being sold for low price of $850. On maturity it will yield gain of $150.
If the price rises to $950 the yield will only be $50.
So as price increases and interest (yield) decreases, it will no more be attractive to investors and demand will reduce to meet the available supply of bonds.
Answer:
Option B, $45,000, is the right answer.
Explanation:
Given actual sales = $450000
Actual units that is sold = 30000 units
Actual selling price = $15 per unit
Planned sales = $540000
Planned units = 45000
Planned selling price = $12 per units.
The difference between actual and planned sales due to unit price factor = change in units × change in price
= (45000 – 30000) × (15 – 12)
= $45000
Thus option B is correct.
