Answer:
Each handbag must cost: $50
Explanation:
Goods
:
Bathing suits – Price = $75
Beach bags – Price = ?
At the optimal choice (means equilibrium condition)
,
Marginal utility of last bathing suit purchased = 300
Marginal utility of last beach bag purchased = 200
Our equilibrium condition is marginal utility of money expenditure of both the goods must be equal.
MU of Bathing suits ÷ Price of Bathing suits = MU of Beach bags ÷ Price of Beach bags
300 ÷ $75 = 200 ÷ Price of Beach bags
4 = 200 ÷ Price of Beach bags
Price of Beach bags = 200 ÷4
= $50
Each handbag must cost: $50
If the price of the steel used to produce steel falls, it would cause the price of American cars to fall.
<h3>How does the price of resources affect demand?</h3>
The price of a resource used in the production of goods can have a huge effect on the price.
If the price of steel is high, it would make the price of cars to be on the increase hence reducing the demand for the product in the market.
Read more on demand here:
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The Mean Of The Annual Salary Is $66000
It is because 90000+60000+70000+90000+20000=330000. 330000 Divided By 5 Equals 660000. You find the mean by adding all the numbers together, then dividing by the number of how many numbers there are, if that makes sense.
~Spades
<span>The lack of well-defined and enforceable property rights is
the major factor when it comes to the slowing growth rate of the less developed
economies. Properties provide a big percent when it comes to economy value, and
without a proper property rights, collecting taxes will not be implemented
well.</span>
Answer:
A) Dr. Encumbrances – Office supplies No entry
Cr. Encumbrances outstanding
Explanation:
The journal entry is given below;
For Governmental fund financial statements
Encumbrances-Office Supplies $1,500
To Encumbrances Outstanding $1,500
(Being Office Supplies ordered is recorded)
For Government-wide financial statements
No journal entry is required as under the accrual accounting, no entry should be recorded until the transaction does not arise
Therefore the option a is correct