All categories

4 years ago

If you were starting a new software development company and could locate it anywhere in the world, which place would you choose?

1 answer:

7 0

I would choose a country that’s cheap to produce, like China, in so I make more profit and can improve my product as I go

You might be interested in

A consumer is attempting to maximize utility in her consumption of Goods A and B. If her income and the price of Good A do not c

ycow [4]

Answer:

In this section, we are going to take a closer look at what is behind the demand curve and the behavior of consumers. How does a consumer decide to spend his/her income on the many different things that he/she wants, i.e., food, clothing, housing, entertainment? We assume that the goal of the consumer is to maximize his/her level of satisfaction or joy, constrained by his/her income.

Economists use the term utility as a measure of satisfaction, joy, or happiness. How much satisfaction does a person gain from eating a pizza or watching a movie? Measuring utility is based solely on the preferences of the individual and has nothing to do with the price of the good. Let’s do an experiment in utility.

Step 01: Get some of your favorite candy, pastries, or cookies.

Step 02: Take a bite and evaluate, on a scale from 0 to 100 (with 100 being the greatest utility), the level of utility from that bite. Record the marginal utility of that bite (i.e., how much you get from that one additional bite).

Step 03: Repeat step 02. It is important to be consistent with each unit consumed, i.e., the same size and no drinking milk or water part way though. When you run out of candy or your marginal utility goes to zero you can stop.

Law of Diminishing Marginal Utility

5 0

3 years ago

Summit Services Co. offers its services to individuals desiring to improve their personal images. After the accounts have been a

Agata [3.3K]

Answer:

May-31

Dr Fees earned $243,000

Retained earnings $33,500

Cr Rent expense $50,800

Cr Supplies expense $12,400

Cr Wages expense $213,300

Cr Miscellaneous expense $ 4,300

May-31

Dr Retained Earnings $33,000

Cr Dividends $33,000

Explanation:

Preparation to Journalize the closing entries required to close the accounts.

May-31

Dr Fees earned $243,000

Retained earnings $33,500

($213,300+$12,400+$50,800-$243,000)

Cr Rent expense $50,800

Cr Supplies expense $12,400

Cr Wages expense $213,300

Cr Miscellaneous expense $ 4,300

(To close the Expenses )

May-31

Dr Retained Earnings $33,000

Cr Dividends $33,000

(To close the dividends )

5 0

3 years ago

Jane refused on the basis that she never gave refunds and that Bob took the risk that the painting was not done by Bill. Should

Vitek1552 [10]

No, because Jane will win in a small claims court because it is not done in a federal court which is needed for this situation

8 0

3 years ago

North Construction had $850 million of sales last year, and it had $425 million of fixed assets that were used at only 90% of ca

11Alexandr11 [23.1K]

Answer:

a. 1.11%

Explanation:

The computation of the maximum sales growth rate is shown below:-

Sales 90% Capacity = $850,000,000

Sales at 100% Capacity = $850,000,000 ÷ 90% × 100%

= $944,444,444.4

Growth in Sales by using unused capacity = Sales at 100% Capacity - Sales 90% Capacity

=$944,444,444.4 - $850,000,000

= $94,444,444.4

Growth rate =Growth in Sales by using unused capacity ÷ Sales last year

-94444444.4 ÷ $850,000,000

= 1.11%

6 0

3 years ago

You plan to visit Geneva, Switzerland in three months to attend an international business conference. You expect to incur the to

Serggg [28]

Answer:

A. 3403.75 dollars

B. 3150

C. 0.579

D. Is an attachment

Explanation:

A. We first find the premium cost

= 0.05x5000 x 1+0.06/4

= 250x1.015

= 253.75

From here we find expected dollar cost

= Exchange rate x units + premium

= 0.63x5000+253.75

= 3,403.75 dollars

B. Forward rate = 0.63

Total cost of dollar

= 0.63x5000

= 3150

C. The investor would be indifferent at 0.579

Forward rate = unit * future + premium

3150 = 5000 * future + 253.75

3150-253.75 = 5000*future

We solve and divide through by 5000

Future = 0.579

D is in the attachment

4 0

3 years ago