Answer:
diminishing ; assumed
Explanation:
Given:
total utils from doing so after
the fourth, fifth, sixth, and seventh wings are 30, 50, 65, 72
Now,
marginal utility from fifth = total utility from fifth - total utility from fourth
= 50 - 30
= 20 utils.
marginal utility from sixth = total utility from sixth - total utility from fifth
= 65 - 50
= 15 utils.
marginal utility from seventh = total utility from - total utility from sixth
= 72 - 65
= 7 utils.
Here,
the marginal utility is diminishing i.e from 20 to 15 and from 15 to 7 utils
also,
it is assumed that the marginal utility will decrease when we analyse the consumer utility because the consumers gets satisfied and thus, the increase in satisfaction leads to the decrease in utility
hence, the answer is diminishing ; assumed
Answer:
Our earth is a nice place and to keep it nice we need to do these things: and so on
Answer: 30 units per hour
Explanation:
Given that,
Total number of product = 6,000 units
Yield = $5.00 per unit
Resources contributed to this output = 200 hours of labor at $15.00 per hour
Materials = $750
Overhead = $250
Labor productivity =
=
= 30 units per hour
Answer:
Prices increases due to high demand of goods and services
Explanation:
It has always being a common occurrence in business, when there is increase in demand than the available suppliers, seller tends to increase the price of the limited resources.
these is against the law of demand which state that the higher the price the lower the quantity demanded.
But, when sellers or companies notice that people are willing to get an items or services at any cost, the price tend to increase so that there profit will increase.
it is seen that there is an increase in the number of business travelers whom will travel with flights at any cost.
Answer: The answer is $129,000.
Explanation: The $129,000 amount above was derived by adding the movement in account receivable to the income reported on the income statement for the year. Since there are no effects of other adjustments, cash flows from operating activities would be, income $120,000 plus movement in account receivable ($31,000 - 40,000) = $9,000, giving rise to $129,000. Since account receivable decreased, it means there was an inflow of cash.