Answer:
C. Marginal Utility is positive for the 4th slice, negative for 5th slice.
Explanation:
Total Utility is the total amount of satisfaction from consumption of all units of a good. TU = ΣMU
Marginal Utility is the additional satisfaction from consumption of an additional unit of a good. MU = TUn - TUn-1
As per Law of Diminishing Marginal utility: Consuming additional units of a good increases marginal utility by lesser magnitude than the preceding unit consumption.
A consumer consumes a commodity only if: It increases or atleast keeps constant its Total Utility i.e Total Satisfaction & It's Marginal Utility i.e Additional Satisfaction is positive or atleast 0.
Falling TU & negative MU implies the consumption of that unit is doing worse rather than good to consumer's satisfaction, so he/ she wont consume it.
So, in this case: refusing to consume 5th unit of commodity (Pizza) slice implies its MU i.e additional satisfaction will be negative & Total Utility i.e satisfaction would be falling.
Answer:
The correct answer is A. She signed documents personally securing the debts of the business.
Explanation:
Anyone who joins another to develop a common project is a partner (from the Latin "socius") or partner. It is the contract that is established between the two, to regulate that relationship, that defines the responsibility of each of them for the whole project.
From a legal point of view, it is in that contract, at the very moment of incorporating the company, when obligations, rights, powers, etc. are also defined. And it is that by establishing the company an independent entity of the partners is created, with its own legal personality and its own assets.
Therefore, we find a scenario in which the legal entity, which is the company, appears on the one hand, and on the other, the natural persons, who are the partners that integrate it (or the partner in case of being before an SLU ).
Answer:
Direct material quantity variance= $41,440 unfavorable
Explanation:
Giving the following information:
Standard quantity per unit= 12,000/14,000= 0.86 pounds per unit
Standard cost of $14 per pound.
Used 15,000 pounds of direct material with a cost of $30 per pound to produce 14,000 units of finished product.
To calculate the direct material quantity variance, we need to use the following formula:
Direct material quantity variance= (standard quantity - actual quantity)*standard price
Direct material quantity variance= (0.86*14,000 - 15,000)*14
Direct material quantity variance= $41,440 unfavorable
Answer: 5,745 units
Explanation:
Given that,
Plans to sell:
6,000 purple lawn chairs during May
5,700 in June
6,000 during July
company keeps 15% of the next month's sales as ending inventory
Units should Doe produce during June:
= Sales in June + Ending inventory (15% of July sales) - opening Inventory (15% of June sales)
= 5,700 + 900 - 855
= 5,745 units
Answer:
Trading.
Explanation:
In Business management, when a gain or loss is realized, it simply means that the owner of stock or other securities has sold it. Thus, these unrealized gains or losses are generally referred to as paper profits or losses.
Basically, when the value of a stock being bought by an investor reduces (falls) while he or she is yet to sell it, it is known as an unrealized loss.
However, when the value of a stock being bought by an investor rises (increases) while he or she is yet to sell it, it is known as an unrealized gains.
Hence, unrealized holding gains or losses which are recognized in income are from debt securities classified as trading.
