Answer
given,
Net sale = $34,700
Net income = $94
Total assets at the beginning = $24,640
Total asset at the end of the year = $23,300
Average asset =
=
average turnover ratio = 
= 
= 1.447
Return on asset = 
= 
= 0.39 %
Answer:
D) The focus in service is on revenue maximization, while the focus in manufacturing is on cost minimization.
Explanation:
You can set up a manufacturing location in different places, mostly depending on the costs associated with the supply management (both upstream and downstream).
While location is extremely important for a service provider and its capacity to generate revenue, e.g. a hotel or a restaurant cannot be located in the middle of nowhere.
false, every person has a different definition of what is ethical ex. abortions, immigration (issues of separating families) take literally political issue today and the ethicality of it can be argued
Answer:
diminishing marginal utility.
Explanation:
The term diminishing marginal utility is used to describe the common pattern whereby each marginal unit of a consumed good provides less of an addition to utility than the previous unit.
In Economics, The law of diminishing marginal utility states that as the unit of a good or service consumed by an individual increases, the additional satisfaction he or she derives from consuming additional units would start decreasing or diminishing as the units of good or service consumed increases.
<em>For example, buying a chocolate bar and eating it may satisfy your cravings but eating another one wouldn't give you as much satisfaction as the first due to diminishing marginal utility. </em>
Answer:
Consumers behave rationally, attempting to maximize their satisfaction.
Explanation:
The principle assumption upon which the theory of consumer behavior and demand is built is:
A consumer attempt to allocate their limited money income among available goods and services so as to maximize their utility (satisfaction).
Utility is described as an amount of satisfaction derived from the consumption of a commodity. Measurement units is utils.
Assume that consumers have complete information about availability, prices and utility levels of all goods and services. All bundles of goods can be ranked based on their ability to provide utility.
The theory is useful for understanding the demand side of the market.
