Which of the following is an essential part of making a rational choice?
C. Doing cost-benefit analysis.
I got my answer from quizlet. 2.05 Quiz: Consumer Choice
Answer:
"$127.11 per unit" is the correct approach.
Explanation:
The activity cost as per the questions will be:
Activity 1:
= 
= 
($)
Activity 2:
= 
= ($)
Activity 3:
= 
= 
($)
Now,
The overhead cost for digital cameras will be:
= 
= 
= 
($)
Per unit overhead cost will be:
= 
= 
($)
hence,
The total cost will be:
= 
= 
= 
($)
Answer:
Credit life Insurance
Explanation:
The scenario describes Credit life insurance
This is a form of insurance policy that that is designed to pay off the balance on a policy holder's outstanding loan in case of death. It is designed for the protection of lender and heirs who are co signers from loss in case of the death of the borrower.
The insurance is liable to the balance on the loan as at the time of the death of the borrower.
Answer:
Inventory at the end of march 2008 = 150 units
Explanation:
<em>The closing inventory at the end of a particular period will be opening inventory at the beginning of the following period.</em>
<em>Note that the inventory at the end of March 2008 will be the opening inventory at the beginning of April 2008.</em>
<em>The production budgeted for a particular period is the expected units to be produced after adjusting the sales budget figures for opening and closing inventories. </em>
Production = Sales volume + closing inventory - opening inventory
100 = 50 + 200 - X
X = 50 + 200 -100
X = 150 units
Inventory at the end of march 2008 = 150 units
This is simply a Combination Problem: The number of 6-combinations from a set S with 9 elements. Using the definition of Combinations:
C(9,6) = (9!)/[(6!)(9-6)!] = 84
So your answer is 84.
