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3 years ago

The decision making process followed by consumers to maximize utility assumes that

1 answer:

5 0

The decision-making process followed by consumers to maximize utility assumes that the consumer has a limited income, the consumer is able to rank their preferences, the consumer behaves rationally.
The term utility used by the economist as a measure of satisfaction, happiness, a joy of a person.

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Smith, an individual, is required to pay goode yearly alimony of $6,000 and yearly child support of $18,000. smith paid goode $2

marta [7]

Generally speaking, the taxpayer can deduct his alimony payment but not his child support payment. He may, however, be entitled to claim the child as a dependent, although this is beyond the scope of the question.

We can deduct the alimony payment but not the child support payment. Smith paid Goode $20,000 in 2017, although he owes 24,000. The adjusted gross income depends only on how much Alimony he paid.

If he paid the full $6,000 alimony and only 14,000 of child support, he can deduct the $6,000 for an adjusted gross income of 50,000- 6,000= $46,000.

If, for example, he paid the full $18,000 in child support and only 2,000 in alimony, he can only deduct the $2,000 for an adjusted gross income of 50,000 - 2,000 =48,000.

4 0

3 years ago

Linda saw a print ad in a magazine for clairol's natural essence semi-permanent hair color that she knew existed but did not kno

Vlad1618 [11]

This is the knowledge/expectations stage of the hierarchy of effects, because Linda is now aware of the product and is starting to learn about it.

The hierarchy of effects is:

1. Awareness - know the product exists

2. Knowledge- learn about the features of the product

3. Liking - make sure the customer likes the product and if not, figure out why

4. Preference- customers want your product over other brands

5. Conviction- the decision to make the purchase

6. Purchase - actually going out and buying the product

8 0

3 years ago

Prepaid expenses, depreciation, accrued expenses, unearned revenues, and accrued revenues are all examples of:__________________

HACTEHA [7]

Answer:

The correct answer is

B) Items that require adjusting entries.

good luck ❤

3 0

3 years ago

A product sells for $5, and has unit variable costs of $3. This product accounts for $20,000 in annual sales, out of the firm's

Ronch [10]

Answer:

0.1333

Explanation:

Given that,

Selling price = $5

Variable cost = $3

Annual sales = $20,000

Total sales = $60,000

Contribution margin:

= Selling price - Variable cost

= $5 - $3

= $2

Number of units sold:

= Annual sales ÷ Selling price

= $20,000 ÷ $5

= 4,000 units

Total contribution sales:

= Number of units sold × Contribution margin per unit

= 4,000 units × $2

= $8,000

Weighted contribution:

= Total contribution sales ÷ Total sales

= $8,000 ÷ $60,000

= 0.1333

6 0

3 years ago

Item 1 Item 1 Dr. Glover's office has one vendor for their practice management software and another for their electronic health

miskamm [114]

Answer:

interface.

Explanation:

Dr. Glover's office has one vendor for their practice management software and another for their electronic health record, but the systems are able to communicate with one another without duplicating data entry. The systems are able to interface

An access point in which two independent systems meet and act on or communicate with each other. An interface can allow different software packages to communicate without re-entering data

6 0

3 years ago