1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
geniusboy [140]
3 years ago
10

Patrick has chosen to double major in finance and microbiology and studies 14 hours a day as a result. To make it through his st

udies, Patrick relies on GreenCow energy drinks. Consider the chart of his 6- MB 5- marginal costs (MC) and marginal benefits (MB) from consuming GreenCow. 4 What is the optimal quantity of GreenCow drinks for Patrick? What occurs if Patrick consumes more than the optimal quantity? A) Patrick will switch to another brand that sells a stronger energy drink. B) Patrick will begin to buy in bulk so that he can get a better deal on cases of GreenCow. C) Patrick will no longer be able to afford to buy GreenCow. D) The extra energy benefits Patrick gets from another can are no longer worth the cost. MB/MC (S)
Business
1 answer:
Varvara68 [4.7K]3 years ago
4 0

Answer:

D) The extra energy benefits Patrick gets from another can are no longer worth the cost. MB/MC (S)

Explanation:

The optimal quantity for Patrick to consume is 5 cans of GreenCow.

This is the quantity where MARGINAL BENEFIT EQUALS MARGINAL COST. For all quantities up to the 5th, the marginal benefit is higher than the marginal cost. This means that Patrick's net benefit is increasing, and consuming all units up to this point make him better off.

If Patrick were to consume any more than 5 cans of GreenCow, the cost of each additional can would be higher than the additional benefit (because the marginal cost curve is higher than the marginal benefit curve). Consuming any cans beyond the 5th, therefore, makes him worse off.

You might be interested in
WoodCore Inc. produces an entire line of office furniture at its manufacturing facility in the United States and then ships its
devlian [24]

Answer: D. exporting

Explanation:

Exporting is the sale of goods to other countries apart from your own even though the goods being sold were produced in your own country.

Exporting works best when the country doing the exporting is capable of producing the goods being exported at a lower price than the country that it is sending to, that way the people in that country have an incentive to buy it over locally made products. WoodCore is producing in the U.S. and selling elsewhere. This is exporting.

8 0
2 years ago
As a new​ controller, reply to this comment by a plant​ manager: "As I see​ it, our accountants may be needed to keep records fo
fiasKO [112]

Answer: Accountants play major role in firms in handling financial records and auditing. Managers know financial information based on either background knowledge or learning on the job

Explanation:

The accountants are valuable to the organization because they monitor the monetary information that concerns the firm, they handle how cash come in and keep track of how they are spent, all these makes them valuable even to the extent of auditing information as regarding the firm. Managers might understand financial information either based on how they monitor what occurs in the organization or what they learnt in from college. But it's unsafe for the managers to handle financial situation without the aid of a professional accountant.

6 0
3 years ago
Fred Company paid $48,000 for a two-year insurance policy, ($2,000 per month), on October 1 and recorded the $48,000 as a debit
QveST [7]

Answer:

The adjusting entry Fred should make on December 31, the end of the accounting period:

b. Debit : Insurance Expense 6,000 Credit: Prepaid Insurance 6,000

Explanation:

On October 1, Fred Company paid $48,000 for a two-year insurance policy, ($2,000 per month)

From October 1 to December 31, Fred Company has used the insurance for 3 months.

Insurance Expense = $2,000 x 3 = $6,000

The adjusting entry Fred should make on December 31, the end of the accounting period:

Debit Insurance Expense $6,000

Credit Prepaid Insurance $6,000

7 0
3 years ago
Marian Corporation has two separate divisions that operate as profit centers. The following information is available for the mos
Pani-rosa [81]

Answer:

$100,000 and $241,000

Explanation:

The computation of the gross profit for the Black and Navy Divisions shown below:

As we know that

Gross profit = Sales - cost of goods sold

For Black, it would be

= $200,000 - $100,000

= $100,000

And, for Navy, it is

= $400,000 - $159,000

= $241,000

We simply applied the above formula to compute the gross profit

6 0
3 years ago
Minor Electric has received a special one-time order for 600 light fixtures (units) at $8 per unit. Minor currently produces and
chubhunter [2.5K]

Answer:

700 units

Explanation:

Calculation for the what the size of the order will be.

Using this formula

Unit to sell= Total additional fixed costs + desired profit / Contribution margin per unit=

Let plug in the formula

Units to sell=$550 + $850 / (8-6)

Units to sell= $1,400/2

Units to sell=700 units

Therefore the size of the order will be 700 units

6 0
2 years ago
Other questions:
  • In the past year, TVG had revenues of $2.95 million, cost of goods sold of $2.45 million, and depreciation expense of $178,000.
    14·1 answer
  • During its first year of operations, the McCormick Company incurred the following manufacturing costs: Direct materials, $5 per
    8·1 answer
  • n preparing its cash flow statement for the year ended December 31, 2022, Reyes Co. gathered the following data: Gain on sale of
    8·1 answer
  • A new building is to be constructed for a company and a fast connection between client and server systems within the building sh
    13·1 answer
  • In terms of commonly traded organizational currencies, sharing tasks that increase someone's skills and abilities and letting ot
    11·1 answer
  • If you own a small business, which of the following helps with your finances?
    15·2 answers
  • Case Questions:
    14·2 answers
  • Many businesses use find-a-hand, a professional staffing agency because of the employees’ expertise in recruiting and selecting
    7·1 answer
  • A motor vehicle sold on credit to C. Kelly will require which of the following entries:
    9·1 answer
  • Some companies use ____ as internal tools for teams working on a project requiring lots of documentation.
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!