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julsineya [31]
3 years ago
15

The marginal benefit of another T-shirt this month to Mary is $15. If the $10 price of a T-shirt reflects its marginal cost to M

ary and Mary uses economic reasoning, she:_______.
a) will sell the T-shirts she has to others who are willing to pay $10.
b) will not buy a T-shirt this month.
c) cannot gain by buying another T-shirt.
d) will buy another T-shirt this month.
Business
1 answer:
DaniilM [7]3 years ago
5 0

Answer:

The correct answer is option d.

Explanation:

The marginal benefit of another T-shirt is $15. The price of the T-shirt is $10.  

The marginal cost is equal to the price, so it is also $10.  

The marginal benefit earned from the T-shirt is greater than the marginal cost incurred on a T-shirt.  

According to economic reasoning, it is profitable to buy another T-shirt. So, Mary will buy another T-shirt this month.

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Assume General Electric Company agreed in May 2016 to construct a nuclear generator for NSTAR, a utility company serving the Bos
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Answer:

2016: $300 million; 40%; $60 million

2017: $450 million; 60%; $90 million

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Total costs:

= Costs incurred in 2016 + Costs incurred in 2017

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= $600

In 2016:

Percent of total excepted costs:

= Costs incurred in 2016 ÷ Total costs

= $240 ÷ $600

= 0.4 or 40%

Revenue recognized:

= Percent of total excepted cost × Contract price

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= $300 million

Income = Revenue recognized - Costs incurred in 2016

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In 2017:

Percent of total excepted costs:

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= $360 ÷ $600

= 0.6 or 60%

Revenue recognized:

= Percent of total excepted cost × Contract price

= 0.6 × $750 million

= $450 million

Income = Revenue recognized - Costs incurred in 2017

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3 years ago
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7 0
1 year ago
On June 30, 2018, Baird Company’s total current assets were $502,000 and its total current liabilities were $274,000. On July 1,
amm1812

Answer:

Before issuing the note

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