1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
nirvana33 [79]
3 years ago
8

Jose goes to an all-you-can-eat buffet at a Chinese restaurant and consumes three plates of food. He does not go back for a four

th plate of food because
Business
1 answer:
kkurt [141]3 years ago
5 0

Answer:

The marginal utility of the fourth plate is zero or below zero

Explanation:

The reason is that the law of diminishing marginal utility says that the marginal utility of a product declines upon continuous consumption of that item. This means that the utility before the consumption of first buffet was high and when the second buffet was consumed by the same person the utility was further reduced and so on. This means that the utility must be positive which if is higher enough then the customer is will to pay and eat the buffet again. If it is zero or below zero the customer is not willing to pay for the buffet. This is the reason the person doesn't ordered the item again.

You can not eat the same buffet for all the 365 days. This means the taste of a tasty food fades away after some time or I would say that the utility is gone. Same is the case when you will keep using cellphone for a period and then sell it or dispose it because the item doesn't entertains you or in other words the utility has significantly fallen and is almost zero or below zero.

You might be interested in
A stadium sold 4000 tickets at 75$/ticket, 5350 tickets at 62$/ticket and, 7542 tickets at 49$/ticket. What was the total ticket
bixtya [17]

Answer:

4000x70=280000

5350x62=331700

7542x49=369558

add that all up to get $981258

Hope this helps!

6 0
2 years ago
Jefferson Cleaning signed an agreement with Willis Company on December 15 to provide cleaning services every Friday. The service
uysha [10]

Answer:

Debit Accounts Receivable, $225; credit Fees Earned, $225

Have a fantastic Day!

5 0
2 years ago
Blossom Company was organized on January 1. During the first year of operations, the following plant asset expenditures and rece
Westkost [7]

Answer:

Building:

cost of bulding                          25,100

write-off demolished building <u>(25,100)</u>

Balance:                                              0

Building under construction:

exacavation cost 13,100

architect's fees    32,100

contractor           <u>640,100</u>

Balance:              685,300

Land:

acquisition cost                        255,100

property taxes paid at purchase<u> 2,180</u>

Balance:                                   257,280

Land improvements:

parking lot and driveways 28,100

fences                                  <u>  5,810</u>

balance                                33,910

period cost:

demolition expense           24,100

salvage from demolition    (11,000)

property taxes expense        5810

loss at disposal (building) <u> 25,100</u>

balance:                              44,010

Explanation:

For building and land we should follow the accounting procedure of include all the incurred or assumed cost to contruct and leave it ready to use.

As there is no indication that construction was completed we should assume the building is under construction.

As we demolish the old building we should write-off and recognize  the loss and the demolition expense.

The property taxes after the purcahse are cost of the period.

Before the taxes were a necessary cost to acquire the land.

The salvage from the demolition decrease the expense are not considered revenue.

4 0
3 years ago
Dogz reports total revenue of $47,561, cost of goods sold of $32,856 and net receivables of $19,595. Their property, plant and e
natima [27]

Answer: ART

Explanation:

Account receivable turnover(ART) = Sales revenue/Average Account Receivable

= $47,561/$19,595

= 2.427

Inventory Turnover(INVT) = Cost of sales/Inventory

= $32856/$16240

= 2.023

Property Plant and Equipment Turnover(PPET) = Sales/Property Plant and Equipment

= $47561/$19813

= 2.400

Therefore, the ratio that is highest is the account receivable turnover

8 0
2 years ago
Which of the following is a leadership skill?
Anuta_ua [19.1K]
Communication

awareness

honesty

relationship

innovation
8 0
3 years ago
Read 2 more answers
Other questions:
  • Murray Chemical Company refines a variety of petrochemical products. These data are from the firm’s Houston plant: Work-in-proce
    12·2 answers
  • By offering a free dog biscuit with each cup of coffee, the Coffee Collective entices customers to visit its shop during the pet
    10·1 answer
  • Under the liquidated damages clause in the Contract To Buy and Sell Real Estate, if the buyer defaults the seller has what optio
    5·1 answer
  • Boone Products had the following unit costs:Direct materials $24Direct labor 10Variable overhead 8Fixed factory (allocated) 18A
    13·1 answer
  • The following information is available for Kinsner Corporation: Total fixed costs $313,500 Variable costs per unit $99 Selling p
    7·1 answer
  • You want to buy a new sports coupe for $75,700, and the finance office at the dealership has quoted you a loan with an APR of 8.
    6·1 answer
  • Park &amp; Company was recently formed with a $6,200 investment in the company by stockholders in exchange for common stock. The
    10·1 answer
  • Elm Company's accounting records reflect the following inventories: Dec. 31, 2020 Dec. 31, 2019 Raw materials inventory $420,000
    11·1 answer
  • Which sales channel incentivizes every member of its network?
    12·2 answers
  • In the presence of sunlight plants use photosynthesis to transform water and a carbon dioxide into sugar and oxygen Why then is
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!