Answer:
None of the answers is correct, it should be 64 utils
Explanation:
If Barry's utility from consuming a used novel is 32 utils and the book costs $4, he was able to get 8 utils per dollar (= 32 / $4).
If an audio book costs $8, then Barry should obtain $8 x 8 utils per dollar = 64 utils.
Answer:
$24,000
Explanation:
The computation of the adjusted basis in the land after the exchange is shown below:
= Adjusted basis at the time of exchange + additional amount given
= $20,000 + $4,000
= $24,000
We simply added the Adjusted basis at the time of exchange and the additional amount so that the accurate value can come.
And the other information which is given in the question is not relevant. Hence, ignored it
Answer:
Date Account Title Debit Credit
January 31 Work in Process $540
Factory Overhead $540
Explanation:
Overhead is applies by linking it to direct labor.
Overhead is $20,000 when Direct labor is $100,000.
= 20,000 / 100,000
= 20%
The overhead for this job must therefore be:
= 20% * 2,700
= $540
Marginal revenue is equal to marginal cost.
A perfectly competitive firm will maximize profits (minimize losses) by producing the level of quantity.
The profit maximize firms will occur at a level of quantity where marginal revenue equals to the marginal cost. It can also maximize its profit when its total cost curve intersects curve. Economic profit is the difference between the total revenues and economic costs.
Perfectly competitive firms are called the price taker firm to maintain and maximize profits. It definitely raise the prize for its profit otherwise it losses all its production in terms of sales. It is generally an atomic market condition intensively depending on ideal price.
To learn more about perfect competition here,
brainly.com/question/28081306
#SPJ4
Answer:<u><em> Fair price </em></u><em>is the type of a reference price that Jane is using.</em>
Here, Jane is of the opinion and how she pursues the price of the commodity in the market .i.e. fair price is the quantity of money that it you pursue to be sensible for a commodity.
