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Ray Of Light [21]
3 years ago
13

Which of the following statements is true about utility?a. Everyone receives the same level of satisfaction from the same good o

r service.b. Utility is easy to measure across individuals.c. Economists measure utility with a unit they refer to as an utte.d. Everyone receives different levels of satisfaction from the same good or service.e. All products produce the same level of utility.
Business
1 answer:
Annette [7]3 years ago
6 0

Answer:

The correct answer to the following question is option D) everyone receives different level of satisfaction from from the same good or services.

Explanation:

Utility can be defined as a measurement of satisfaction levels that a consumer experiences from the consumption of goods and services. From the above given options only D is correct as every one experiences different level of satisfaction from same good or services. Economists measures utility with a unit they refer to as util. All products doesn't produce same level of satisfaction .

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Toyota marketed its RAV4 hybrid model to a distinct segment of consumers as an adventurous, sporty hybrid that stands out as bei
pychu [463]

Answer:

the marketing mix variable—place

Explanation: this easy bc u just see what the variablie to the mix is times that

3 0
2 years ago
what was one argument made for the construction of the panama canal? responses it would result in lower tariffs on foreign goods
Aliun [14]

Based on a historical perspective the one argument made for the construction of the Panama Canal is that "<u>it would allow ships to move swiftly from the Atlantic and the pacific in the event of a war."</u>

<h3>The Construction of Panama Canal.</h3>

The construction of the Panama canal was done in 1914 and covers about 82 km of waterway in Panama that connects the Atlantic Ocean with the Pacific Ocean and splits up North and South America.

The Panama Canal construction was essential for the political economy of the United States it cuts across the Isthmus of Panama which serves as a conduit for maritime trade.

There are various reasons or arguments for the construction of the Panama canal.

<h3>The reasons for building the Panama canal are</h3>
  • It would prevent warfare among competing countries
  • It would lessen the distance, cost, and time it took for ships to carry cargo between the Atlantic and the Pacific Oceans
  • It would eliminate the danger of earthquakes in Nicaragua.

Hence, in this case, it is concluded that the correct answer is "<u>it would allow ships to move swiftly from the Atlantic and the pacific in the event of a war."</u>

Learn more about Panama Canal here: brainly.com/question/26573102

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4 0
1 year ago
LO 3.1A company’s product sells for $150 and has variable costs of $60 associated with the product. What is its contribution m
Pavel [41]

Answer:

$90

Explanation:

The formula and the computation of the contribution margin per unit are presented below:

Contribution margin per unit = Selling price per unit - variable cost per unit

                                               = $150 - $60

                                               = $90

If we deduct the variable cost per unit from the selling price per unit, then the contribution margin per unit can arrive

We only considered the selling price and the variable cost per unit

3 0
3 years ago
QS 18-11 Margin of safety LO P2 Zhao Co. has fixed costs of $455,600. Its single product sells for $191 per unit, and variable c
babunello [35]

Answer:

The margin of safety in dollars is $611,200 and the margin of safety percent is 32%

Explanation:

In order to calculate the margin of safety in dollars and as a percent of expected sales If the company expects sales of 10,000 units we would have to calculate the following:

margin of safety in dollars=Margin of Safety units*sold price

sold price=$191 per unit

Margin of Safety units = Sales - Breakeven units

sales=10,000 units

Breakeven units = Fixed cost/Contribution margin per unit

B reakeven units= $455,600/($191-$124) =

B reakeven units= 6800

Margin of Safety units =10,000 - 6.800

Margin of Safety units =3,200

Therefore, Margin of Safety in dollars = 3,200*$191

Margin of Safety in dollars =$611,200

Margin of Safety percent=Margin of Safety units/sales

Margin of Safety percent= 3,200/10,000

Margin of Safety percent=32%

The margin of safety in dollars is $611,200 and the margin of safety percent is 32%

7 0
3 years ago
On November​ 1, 2017, Austin Services issued​ $304,000 of​ five-year bonds with a stated rate of​ 11%. The bonds were issued at​
Stells [14]

Answer:

The amount of interest expense was recorded for the period of January 1 to April​ 30, 2018 would be $11,147

Explanation:

According to the given data we have the following:

Bonds Amount=$304,000  

Stated rate of interest=11%  

To calculate the amount of interest expense was recorded for the period of January 1 to April​ 30, 2018 we have to calculate the following formula as follows:

Interest expense for period(Jan-April)=Semi Annual Interest-Interest expense payable on Dec31

Semi Annual Interest=$304,000*11%*6/12= $16,720    

Interest expense payable on Dec31=$304,000*11%*2/12=$5,573    

Therefore Interest expense for period(Jan-April)=$16,720-$5,573=$11,147      

The Journal Entry would be as follows:    

                                                                 Debit $ Credit $

30-Apr Interest expense Account Dr.  $11,147  

Interest expense Payable Account Dr.           $5,573  

                                               Cash Account    $16,720

3 0
3 years ago
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