Answer: (D) buy more ice cream and fewer cookies
Explanation: When a consumer spends all of his income and consumes a bundle of goods such that the marginal utility per dollar from all goods is equal, then the consumer's total utility is maximized. Buying more of ice-cream gives the only combination that gives him the same marginal utility per dollar Bobby spends on cookies as on ice cream.
Marginal utility estimates the added satisfaction a consumer gets from consuming additional units of goods or services. It is used to determine how much of a product consumers are willing to purchase.
Answer:
Allocated overhead= $43,180
Explanation:
Giving the following information:
Cost of direct materials used $42,600
Cost of goods manufactured $124,200
Cost of direct labor ($30 per hour)= $76,200
Manufacturing overhead cost is allocated at the rate of $17 per direct labor hour.
Allocated overhead= predetermined overhead rate* actual allocation base
Allocated overhead= 17* (76200/30)= $43,180
However, if you instruct a custodian or third party to transfer the money and you hold a check made by the client and payable to the advisor, the advisor will keep the client's money.
SEC-registered investment advisors who hold client funds or securities in custody are required to protect those funds under the SEC's custody rules. Custody Rules provide investors with additional protection against theft or embezzlement by investment advisors,
Managers of private equity funds and other private investment funds registered as investment advisers with the Securities and Exchange Commission (SEC) under the Investment Advisers Act of 1940 (the Advisers Act) are subject to regulation 206(4). -2 must be adhered to. custody rules.
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Explanation:
<u>advantages</u>
.Human beings need money to pay for all the things that make your life possible, such as shelter, food, healthcare bills, and a good education.
Money gives you the power to pursue your dreams.
Money gives you freedom.
Money gives you security.
<u>disadvantages</u>
•Money can lead to disagreements.
•obsession with money, or a love of money, can create a host of problems.
Answer: Capital should be increased in the production process.
Explanation:
We should note that based on rule of cost minimization, the quantity of capital and labor that's employee by a firm should be one where the MRTS i.e marginal rate of technical substitution between the capital and labor is equal to the wage rental ratio. Therefore,
MRTS = w/r
MPl/MPk = w/r
MPl/w = MPk/r
45/9 < 60/10
5 < 6
Since the ratio isn't equal, it simply means that the firm isn't using optimum mix of inputs. Based on the above, capital should be increased.
