When an individual weighs her options and makes a choice that maximizes her benefit at the minimum cost, economists refer to this as a process of... rational decision making. You just studied 8 terms!
        
             
        
        
        
Answer: Option (C) is correct.
Explanation:
The following rule should be use to choose the optimal quantities of two goods:

Marginal utility refers to the utility that a consumer can get from the additional unit of a commodity.

From the above equation, we can predict that marginal utility from the last TV is greater than the marginal utility obtained from the last gallon of juice. We know that Juice is less expensive as compared to the price of TV.
 
        
             
        
        
        
Answer: Equality 
Without proper guidelines in place one would outweigh the other cause an imbalance. If the government didn't keep those equal there wouldn't be enough stability and nobody would be able to live fairly. 
 
        
             
        
        
        
Answer:
                           Hubs Sprockets
Direct Materials   29            17
Direct Labor        13.3            5.7
Overhead            14.65          0.24
Unit Cost              56.95       22.94
Explanation:
<u><em>Labor:</em></u>
Hubs: 0.7 hours per unitx 19 labor rate = $13.3
Sprockets 0.3 x 19 = $5.7
<u><em>Direct Materials:</em></u>
Hubs $29
Sprockets $17
<u><em>Overhead rate</em></u>
Activity                         Pool   Hub          Sprockets
Machine Setups            225   125(55.56%)	100(44.44%)
Special processing	3900	3900    
<u>Machine Setups</u> 
27,000 x 55.56% /13,000 units:  $   1.1538  
27,000 x 44.44% / 50,000 units  $  0.24
<u>Special Processing</u>
175,500/13,000 = $13.5
Total overhead
sprockets: $0.24
hubs: $14.65
Units cost: 
hubs: 13.3  + 29 + 14.65 = 56.95
sprockets: 5.7 + 17 + 0.24 = 22.94