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Mazyrski [523]
3 years ago
8

A firm that offers tailor-made suits to its customers is appealing to the ____________ dimension of the customers’ utility funct

ion.
Business
1 answer:
alexandr1967 [171]3 years ago
6 0

Answer:

Fit dimension

Explanation:

Utility function is the function which is vital that measures the preferences over a set of the services or goods. Utility states the consumer or the customer satisfaction, receiving the consuming and choosing the service or product.

Consumer utility function is the function which states the satisfaction or contentment of the customer. So, if the firm or the company who is offering the tailor made ( which means as per the requirement of the customer), to the customer that appeals the fit dimension of the utility function of the customer as it captures how well the service or the product matches the characteristics of the given customer.

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Taylor Company purchased a piece of equipment for $2,000 several years ago. It would cost $4,000 to replace that piece of equipm
Black_prince [1.1K]

Answer:

C. The equipment should be recorded at $2,000 in the accounting records because that was the exchange price.

Explanation:

The equipment should simply be recorded at $2,000. For example, if it was paid in cash, the journal entry would be:

Account                      Debit           Credit

Equipment                $2,000

Cash                                                $2,000

The fact that it would cost $4,000 to replace it does not mean that it will be replaced. It is only a hypothetical scenario that should not be recorded in the accounting journal, because it does not reflect economic reality.

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3 years ago
Dividing a stock's current price per share by the issuing company's earnings per share results in
andreev551 [17]
Price per share / Earnings per share = Price-Earnings Ratio
Price-Earnings Ratio shows how much the investors are willing to pay per earnings for the company. For example, if the P/E Ratio is 15 suggests that the investors of a stock is willing to pay $15 per $1 of earnings of the company may produce over the year.
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3 years ago
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The tools, skills, organization, and knowledge used to extract energy from nature are the
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What kind of energy like solar panels and windmills.
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A profit-maximizing firm in a competitive market that is producing on a production curve where the marginal product of labor is
wlad13 [49]

Answer: A. a downward-sloping labor demand curve.

Explanation:

If the marginal product of labor is diminishing then that means that for every extra worker hired, less products are made than the last worker. As a result of this, companies will not want to pay high wages to workers because they would be bringing in less revenue when hired.

This will cause a downward-sloping labor demand curve that shows that as more workers are hired, the company would like to pay less wages because each new worker is only producing less than the last worker.

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Which of the following services will be provided by a full-service broker but not by a discount broker?
Triss [41]

Answer:

a. l and III

Explanation:

A full service brokers are the types of brokers that will conduct the trade of securities on the behalf of their clients.

Their services typically provided for investors who do not have enough knowledge in economics to be involved in trading. So, they prefers a hands off approach and let other people to manage their portfolio.

Because of this, the clients of do not have the ability to purchase or sell a certain stock at request. They have to rely on the brokers to handle the complex issues within investing activities and trust them completely.

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