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evablogger [386]
3 years ago
8

Oscar makes purchases of an existing product (X) such that the marginal utility of the last unit he consumes is 10 utils and the

price is $5. He also tries a new product (Y) and the marginal utility of the last unit he consumes is 8 utils and the price is $1. The equal marginal principle suggests that Oscar shoulda. increase his consumption of product X and increase his consumption of product Y.b. increase his consumption of product X and decrease his consumption of product Y.c. increase his consumption of product Y and decrease his consumption of product X.d. decrease his consumption of product Y and decrease his consumption of product X.
Business
1 answer:
Dmitry [639]3 years ago
5 0

Answer:

The answer is: C) Increase his consumption of product Y and decrease his consumption of product X.

Explanation:

The equi-marginal utility principle states that a consumer will spend his money buying different goods that provide him or her the maximum possible satisfaction.

In Oscar's case, each extra unit of product X delivers 10 units of satisfaction, but product X costs $5. Instead he should buy product Y, which costs $1, and gives him 8 units of satisfaction. By consuming product Y, Oscar is getting 8 units of satisfaction per dollar spent, while he only gets 2 unit of satisfaction per dollar spent with product X.

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3 years ago
Which should Jill do to increase her credit score?
marshall27 [118]

Answer:

Pay off her credit card debt.

Explanation:

A credit score is indicative of one's history of loan repayments.  A high credit score communicates that the borrower has been timely in paying their loans.  It tells that an individual has been responsible when using credit facilities.

A low credit score says that the customer is often late in repaying their loans. If Jill wants to improve his credit score, he should clear all his outstanding debts.

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3 years ago
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If you ask yourself whether you care more about what people think of you as part of their group or whether you care more about s
MaRussiya [10]

Self-awareness discussion is given in the following way

Explanation:

1.Caring about what they think about you: self-awareness, social anxiety or (public) self-consciousness.

2. 7 Practical Ways to Not Care What Other People Think

  • The negative comments someone makes is about them, and not you. ...
  • Be true to yourself.
  • This is your one life.
  • Think, really think, about the absolute worst case scenario.
  • Remove sources of negativity, immediately.
  • Trust a few opinions, but forget the rest.

3.It can inhibit you from living your life, because your entire being (your personality, your thoughts, your actions) are controlled by an idealized standard of what people want to see. When you become so obsessed with other people's opinion of you, you forget your own.

4.People care about what other people think or say about them because they are trying to impress others. They are seeking for validation. ... People also care too much about what others say when they base all their efforts to achieve something that is basically to make other people pleased.

5.Social anxiety disorder (also called social phobia) is a mental health condition. It is an intense, persistent fear of being watched and judged by others. ... But social anxiety disorder doesn't have to stop you from reaching your potential.

5 0
3 years ago
Unipeg Corporation has uniform high sales targets for its employees all across the globe, regardless of the environmental constr
FinnZ [79.3K]

Answer: 4. unrealistic performance goals.

Explanation:

Unipeg Corporation has a standardized performance target across the globe which is high enough on its own without having to account for environmental constraints.

This is very unrealistic because different environments have different constraints that can either increase or decrease sales.

Say for instance Unipeg is engaged in the sale of trendy women clothing including mini skirts, sleeveless tops, crop tops etc but has a presence in Iran or Saudi Arabia. The sales there cannot be expected to match up to sales in Japan or Brazil for instance and to expect such is unrealistic.

Penalizing the Employees for these shortfalls has led to them falsifying data and that is down to the unrealistic nature of Unipeg's designs.

5 0
3 years ago
The December 31, 2021, adjusted trial balance for the Blueboy Cheese Corporation is presented below. Account Title Debits Credit
Umnica [9.8K]

Answer:

<u>Blueboy Cheese Corporation </u>

<u>Income Statement</u>

<u>December 31, 2021</u>

<u>Account Title                                  Debits                      Credits </u>

Sales revenue                                                                     680,000

Less Cost of goods sold               408,000

Gross Profit                                                                          272,000

less

Salaries expense                       108,800

Rent expense                           18,000

Depreciation expense             53,000

Interest expense                        3,900

Advertising expense                  3,600

<u>Un adjusted Profit                                                              84,700</u>

<u> </u><u>Adjusted Profit                                                                  82,900     </u>                            

<u>Blueboy Cheese Corporation </u>

<u>Balance  Sheet</u>

<u>December 31, 2021</u>

<u>Account Title                                  Debits                      Credits </u>

Cash                                               51,900

Accounts receivable                    290,000                                

Inventory                                      43,000

Office equipment                         308,000

                                       

Accounts payable                                                             56,000

Notes payable (due in six months)                                    39,000

Common stock                                                                    400,000

Retained earnings                115,000 + 82,900=              197,900

<u>                                                                                                               </u>

<u>Total                                            $ 692,900                         692,900</u>

<u />

Closing Entries

Dec 31            Sales Revenue             $680,000 Dr

                             Income Summary                    $680,000 Cr

The first closing entry transfers credit balances in revenue ( and gain ) accounts to the income summary accounts.

Dec 31          Income Summary          $ 187,300 Dr

                               Salaries expense                       108,800 Cr

                                Rent expense                           18,000 Cr

                                 Depreciation expense             53,000 Cr

                                     Interest expense                        3,900 Cr

                                       Advertising expense                  3,600 Cr

The second closing entry transfers debit balances in expense ( and loss) to the income summary accounts.

Dec 31                    Income Summary            $ 82,900

                                    Retained Earnings Accounts            $ 82,900

The third entry transfers the balance of income summary account to the owner's capital account or retained earnings account.

5 0
3 years ago
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