Answer:
B. The combined costs of converting raw materials to finished goods.
Explanation:
Conversion Costs are the combined costs of converting <em>raw materials</em> to finished goods.
These include the costs of direct labor and manufacturing overheads such as <em>water</em> and <em>electricity</em>.
I guess the answer is 240.
By the <em>mn</em> rule, there are 240 different dinners that are available since,
4×3×4×5 = 240 different dinners
Answer:
a. The shirt's marginal utility divided by price was too low compared to other goods.
Explanation:
here are the options to this question :
a. The shirt's marginal utility divided by price was too low compared to other goods.
b. The shirt has zero marginal utility for you.
The shirt's marginal utility divided by price was too high compared to other goods.
c. The opportunity cost of the shirt was too low.
d. None of the above answers is correct.
Marginal utility is the change in utility as a result of consuming one extra unit of a good or service.
the goal of any rational consumer is to maximise utility.
If he shirt's marginal utility divided by price was too low compared to other goods, it means that the price is too high when compared to the marginal utility of the shirt.
B is the correct answer r
Answer:
The correct answer is C,2.33
Explanation:
The midpoint formula for elasticity of demand is given as :
percentage change in quantity demand/percentage in price
percentage change in quantity demanded is Q2-Q1/(Q2+Q1)/2*100
percentage change in price is P2-P1/(P2+P1)/2*100
P1=$6.5
P2=$5.75
Q1=600
Q2=800
percentage change quantity demanded =(800-600)/(800+600)/2*100
percentage change quantity demanded=28.57142857
Percentage change in price=(5.75-6.5/(5.75+6.5)/2)*100
percentage change in price=12.24489796
midpoint elasticity of demand=
28.57142857
/2.24489796
=2.33