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3 years ago

When joe maximizes utility, he finds that his mrs of x for y is greater than px/py. it is most likely that:?

1 answer:

Taya2010 [7]3 years ago

5 0

<span>When joe maximizes utility, he finds that his mrs of x for y is greater than px/py. it is most likely that: </span><span>joe is not consuming good Y
For normal utility maximation, MRS should equal with px/py. So, in this case, we can conclude that when Joe maximizes his utility, he only consume product X over product Y</span>

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Wang Co. manufactures and sells a single product that sells for $640 per unit; variable costs are $352 per unit. Annual fixed co

yarga [219]

Answer:

The correct answer is 45%.

Explanation:

According to the scenario, the given data are as follows:

Selling price = $640

Variable cost = $352

Annual fixed cost = $985,500

Current sales volume = $4,390,000

So, we can calculate the contribution margin ratio by using following formula:

Contribution margin ratio = (Contribution margin per unit ÷ selling price per unit ) × 100

Where, Contribution Margin = Selling price - Variable cost

= $640 - $352 = $288

So, by putting the value in the formula, we get

Contribution margin ratio = ( $288 ÷ $640 ) × 100

= 0.45 × 100

= 45%

5 0

3 years ago

Widgets Inc. is a vendor who supplies machine parts to an appliance manufacturing company. In return, Widgets Inc. relies on the

WARRIOR [948]

Answer:

external stakeholder

Explanation:

External Stakeholders are the individuals or the groups of the individuals who are outside a particular project or business, but they can affect or they can be affected by the project or business.

In the case case study, Widgets Inc. acts as a vendor for the appliance manufacturing company by supplying machine parts. Widgets Inc. is outside the appliance manufacturing company but is affected by the company as its revenue depends on the appliance manufacturing company. Thus, Widgets Inc. is an external stakeholder for appliance manufacturing company.

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3 years ago

Product differentiation refers to: consumers who sort and group goods based on similar characteristics. firms who offer similar

Luba_88 [7]

Answer:

firms who offer similar products to their competitors' products, but that are more attractive in some way

Explanation:

Product differentiation is marketing strategy where a firm makes its different from that of its competitors in order to make the product more attractive to consumers

3 0

3 years ago

How were land mines used in the civil war?

NARA [144]

As trapes so when the enemy would attack the planted explosives would go off and kill multiple people

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3 years ago

When a person owes more on an item (like a car or house) than it is worth, the person is said to be _________ on the loan. secur

nikklg [1K]

When a person owes more on an item (like a car or house) than it is worth, the person is said to be <u>upside down</u> on the loan.

<h3><u>Describe an upside-down loan.</u></h3>

You have an upside-down auto loan if you owe more money than the car is truly worth. You may need to make additional payments or modify your insurance coverage in order to prevent being upside-down on your loan or, at the very least, to shorten the amount of time you are in this perilous financial situation.

When you owe more on a car loan than the vehicle is worth, the loan is considered upside-down. If your car is worth $12,000 but your loan total is $15,000, for instance, your loan would be in the negative. You have $3,000 in negative equity in this situation.

It's not always a problem to have an outstanding auto loan. If you don't intend to sell your car, you can make loan payments until the balance is paid off. It won't affect the way you communicate with your lender.

Learn more about upside-down loans with the help of the given link:

brainly.com/question/24173549

#SPJ4

6 0

2 years ago