Answer:
A) is maximizing her total utility from the given fixed budget.
Explanation:
The equal marginal principle refers to the principle in which the consumer would select that combination of goods which maximise its total utility. It could be selected by having marginal utility and its price
And for profit maximization, the marginal utility and the price is equivalent to both the goods.
i.e
30 = 30
Hence, the correct option is a.
Answer:
Total Current assets = $622,000
Explanation:
<u>Balance sheet (For the year ending)</u>
<u>Current asses Amount </u>
Accounts receivable $220,000
Cash $83,000
Stock $275,000
Finished goods $89,000
Raw materials $94,000
W.I.P $92,000
<u>Prepaid expenses $44,000 </u>
<u>Total Current assets $622,000 </u>
Answer:
Allocated overhead= $1,430,600
Explanation:
Giving the following information:
The company's executives estimated that direct labor would be $3,750,000 (250,000 hours at $15/hour) and that factory overhead would be $1,550,000 for the current period.
The records show that there had been 230,000 hours of direct labor.
Using direct labor hours as a base.
Predetermined overhead rate= total estimated manfacturing overhead for the period/ total amount of allocation base
Predetermined overhead rate= 1555000/250000= $6.22 per hour
Allocated overhead= Predetermined overhead rate*actual hours= 6.22* 230000= $1,430,600
Answer:
There is a need to increase the demand in market for both goods and services.
There is a need to attract foreign investors
As societies modernize, mortality rates fall while birth rates remain high leading to high population growth rates.
Higher population growth may be beneficial in high-income countries where there is currently a tendency for population growth rates to decline
Development in agriculture, better techniques to grow more and better quality food. Food available at all the times due to better storage conditions. So people do not die of starvation when food is not available.
Explanation:
The employee PPE meet must contain the adequate equipment that the equipment is adequate to protect the work place and the workers from the hazardous accidents
Explanation:
There are many PPE standards and all must ensure that the PPE meet their standards and they provide face protection and the eye protection and the other additional protection
The need to check the standard is completely voluntary and they must make clear that they are under the safety conditions and there are some items that the must pay for is for their boots and shoes the safety glasses and the safety googles
