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denpristay [2]
3 years ago
6

The concept of diminishing marginal benefits states that A. the more you pay for a​ good, the less benefit you receive. B. the m

ore you consume of a​ good, your willingness to pay for an additional unit declines. C. the more you pay for a​ good, the greater the benefit you receive. D. the more you consume of a​ good, the less benefit you receive.
Business
1 answer:
mariarad [96]3 years ago
8 0

Answer:

Option D,the more you consume of a good,the less benefit you receive, is the correct answer.

Explanation:

The law of diminishing marginal benefits or law of diminishing marginal utility states and I quote" The marginal utility from an additional unit of consumption declines as the quantity of consumed goods increases"

Satisfaction from consumption is at peak at early stage of consumption.

Consider yourself as been thirsty,hence,the satisfaction you derive from first bottle of soft drink is high since that is when thirst is high,compared to a lower satisfaction from second bottle which was just taken for fun and not to quench thirst.

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Answer:

Part a

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<u>Sales Budget </u>

<u>For the Month Ending June 30</u>

Product and Area         Unit Sales Volume  Unit Selling Price  Total Sales

Model U500 :

Northeast Region             140,000                       $45               $6,300,000

Southwest Region            160,000                       $45               $7,200,000

Total                                                                                            $13,500,000

Model U500 :

Northeast Region            100,000                       $80               $8,000,000

Southwest Region           125,000                       $80              $10,000,000

Total                                                                                           $18,000,000

Total Revenue from Sales                                                        $31,500,000

Part b

Ultimate Audio Company

<u>Production Budget </u>

<u>For the Month Ending June 30</u>

                                                                   Model U500     Model S1000

Expected Units to be Sold                           300,000             225,000

Add Desired Closing Inventory                      30,000                15,000

Total                                                               330,000             240,000

Less Desired Opening Inventory                  (25,000)              (10,000)

Total Production                                            305,000            230,000

Explanation:

<em>Note : I have attached the complete question as images below !</em>

A Sales Budget shows the Total Expected Revenue from sale of budgeted units.

     Total Revenue = Total Expected Units Sales x Selling Price Per Unit

A Production Budget shows the number of units to be produced to meet the Sales and Inventory targets

     Total Production = Expected Sales + Desired Closing Inventory - Desired Opening Inventory

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Answer:

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Explanation:

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since the period is 15 minutes = 0.25 hour, t= 0.25 hour / 1 hour. Therefore mt= 2*10 = 2.5

The poisson distribution formula P(x) = \frac{(mt)^{x}e^{-mt}  }{x!}

Therefore the probability that 2 or 3 customers will arrive in a 15-minute period

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Therefore P(x=2) or P(x=3) = 0.4703

The probability that 2 or 3 customers will arrive in a 15-minute period is 0.4703

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