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77julia77 [94]
3 years ago
11

Suppose you have two indifference curves U 1 and U 2 representing the consumption of two normal goods. If U 2 is twice as far fr

om the origin as U 1, then _____.
Business
1 answer:
Alik [6]3 years ago
7 0

Answer:

The utility that U2 represents is twice as higher than the utility that U1 represents.

Explanation:

An indifference curve is the locus of combination of two commodities bundles that yield the same level of satisfaction or utility to the consumer.

An indifference map is a graph that present two or more indifference curves that yield different level of utility to the consumer.

The farther away an indifferent curve from the origin, the higher the level of utility the consumer derives from the combinations of two goods it represents.

Therefore, if we have two indifference curves U1 and U2 representing the consumption of two normal goods. If U2 is twice as far from the origin as U1, then the utility that U2 represents is twice as higher than the utility that U1 represents.

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e Company incurs cost of $35.70 per unit, of which?19.94 is variable, to make a product that normally sells for $58.16. A foreig
DanielleElmas [232]

Answer:

The order results in an incremental net income of $69,278 therefore accept

Explanation:

Consider the Incremental Costs and Revenues arising from this decision.

Since Maize has sufficient excess operating capacity, fixed costs are irrelevant for this decision.

Sales (6,400 units ×$31.76)                                            203,264

Variable Costs (6,400 units ×$19.94)                             (127,616)

Logo and Shipping Costs  (6,400 units ×$1.00)              (6,400)

Net Income                                                                        69,248

The order results in an incremental net income of $69,278 therefore accept

4 0
3 years ago
Zach returned $200 of merchandise to secret trails. his original purchase was $400, with terms 1/10, n/30. if justin pays the ba
Illusion [34]

the answer i think is c

$200.00

8 0
3 years ago
Read 2 more answers
Direct materials and direct labor of a company total $8300000. If manufacturing overhead is $4150000, what is direct labor cost
iragen [17]

Answer:

The direct labor cost cannot be ascertained from the information given in the question

Explanation:

Direct materials+Direct labor cost= $8300000

In order to determine the labor cost of the  $8300000, we need a clue as to the percentage of the labor cost in the total of  $8300000 or the portion of  $8300000 that belongs to direct materials.

Since such a hint is missing,we can simply guess, costs  incurred cannot be shared out on a basis that has no relationship with reality,hence, the correct answer is that the direct labor cost cannot be determined based on details provided.

5 0
3 years ago
When applying the lower of cost or market rule to inventory valuation, market generally means?
Tom [10]
The term that is being referred here is the REPLACEMENT COST. What the market generally means when lower of cost or market rule is being applied to inventory valuation, this refers to replacement cost. This is the cost applied to an item when it is being replaced. The cost is being applied is the same as its pre-loss condition. 
5 0
3 years ago
An employee earns $5,550 per month working for an employer. The FICA tax rate for Social Security is 6.2% of the first $127,200
omeli [17]

Answer:

The amount the employer should record as payroll taxes expense for the employee for the month of January is $695.75

Explanation:

According to the given, The FICA tax rate for Social Security is 6.2% and the FICA tax rate for Medicare is 1.45%. The current FUTA tax rate is 0.6%, and the SUTA tax rate is 4.4%.

The remainder are taken out of the employees' checks as part of their responsibility.

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Total payroll expense=($5,500 x 0.062) + ($5,500 x 0.0145) +($5,500 x 0.006) +($5,500 x 0.044)

Total payroll expense=$695.75

The amount the employer should record as payroll taxes expense for the employee for the month of January is $695.75

3 0
3 years ago
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