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otez555 [7]
3 years ago
15

Assume MU_c and Mu_d represent the marginal utility that a consumer gets from products C and D, the respective prices of which a

re P_c and P_d. The consumer will increase his total utility from a specific money outlay by spending more on C and less on D if initially:_________. A. MU_d < MU_c B. MU_c/P_c < MU_d/P_d C. MU_c/P_c > MU_d/P_d D. MU_c > MU_d
Business
1 answer:
lana [24]3 years ago
8 0

Answer:

<h2>The correct answer in this case is option C. or MU(c)/P(c)>MU(d)/P(d).</h2>

Explanation:

Under consumer equilibrium theory for two commodity model,a rational consumer maximizes his or her utility when the marginal utility(MU) obtained from consuming one good is equal to the same of the other.This is the fundamental essence of the Law of Equimarginal Utility in Economics.Now,in this case,the consumer will purchase more of good C than good D if the Marginal utility obtained from one unit of good C or MU(c)  for the money spend on consumption of good C or price of C,P(c) is greater than the marginal utility obtained from consuming 1 more unit of good D or MU(d) for money spend on purchase of good D or price of that particular unit of D or P(d).Therefore,since the marginal satisfaction compared to the amount of money spend for the consumer is higher for good C compared to the other or good D,it will increase the total utility level of the consumer from that particular consumption bundle or pattern.Hence,he or she will spend more on the consumption of good C than good D.

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Jones signs a three-year contract to construct a new office building for Smith. The contract price is $3 million and estimated c
nasty-shy [4]

Answer:

$100,000

Explanation:

Jones incurs $1.2 million in cost and estimates that during year 3 an additional $1.1 million will be necessary to complete the project

additional costs for year 3 over the estimated costs represent an additional loss}

7 0
3 years ago
ASAP 65 points.
Bad White [126]

Answer:

Ebay

Explanation:

Ebay’s corporate and sales websites have  a lot of differences, the most notable being the lack of interface to purchase products on the corporate site. Another difference is that the corporate website is more like a newsfeed, showing achievements, advertisements, etc, for the company, whereas the sales site has lots of pictures and products, and it is more visually pleasing because of the colours. A final difference is there is a lot less text and writing on the sales website than on the corporate website.

Some qualities I associate with Ebay are:

That the products sold on the website are often cheaper than in the shops, because you are purchasing directly from the business.

Another quality that i think of is that it enables small businesses to start their companies without the costs of properties. as well as providing big corporations with somewhere to ensure they get sales.

A final quality that i associate with Ebay is the ability to sell your unwanted things to people, therefore making some profit.

I think Ebay does not have a target market, as when you access their sales website, they have products for every age group, baby toys, phones, mobility scooters, etc.

An example of a desire-based advertisement i have seen is the Galaxy advertisement, where the chocolate is portrayed as a luxury product that is desired by everyone.

An example of fear-based advertising is toothpaste advertisements, where they show what could happen if you don’t use their product, which makes you want to buy it.

You're welcome.

5 0
3 years ago
Fixed cost is:________.
musickatia [10]

Answer:

d. any cost that does not change when the firm changes its output.

Explanation:

Fixed costs are the expenses that remain constant throughout a financial period. They are not dependent on the output level for the period. Fixed costs are budgeted at the beginning of the season and will not change as long as production does not go beyond the optimal level. Examples of fixed costs are depreciation, rents,  administrative salaries, and insurance.

Variable costs contrasts fixed costs. Whereas fixed costs remain constant, variable cost change depending on the level of production. Adding fixed costs to variable costs results in the total costs for a business.  The average total cost is the total cost divided by the total output.

4 0
3 years ago
The difference between the amount received from issuing a note payable and the amount repaid at maturity is referred to as:
ololo11 [35]

Answer: interest

Explanation:

Notes payable occurs when a promissory note is issued to the bearer by the firm. Notes payable can either be short term which is within a year or long term which is more than a year.

The difference between the amount received from issuing a note payable and the amount repaid at maturity is known as the interest.

8 0
3 years ago
Ronaldo Soccer Shop's income statement reports sales of $100,000; cost of goods sold of $46,000, operating expenses of $34,000,
butalik [34]

Answer:

d. $100,000

Explanation:

<u><em>Ronaldo Soccer Shop</em></u>

<u><em>Income Statement</em></u>

Sales  $100,000;

Cost of goods sold  $46,000,

Operating expenses $34,000,

Interest expense  $15,000,

Income tax expense  $2,000,

Net Income  $3,000

The vertical analysis of the income statement is performed by dividing each of these income statement line items by the total sales.

Vertical Analysis ( income Statement) = (Income Statement Item/ Total Sales )* 100

4 0
3 years ago
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