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Elan Coil [88]
3 years ago
14

The law of diminishing marginal utility

Business
1 answer:
Verizon [17]3 years ago
8 0

Answer:

The correct answer is option 2.

Explanation:

The law of diminishing marginal utility states that keeping other things constant, as more and more units of a commodity are consumed, it will lead to a decrease in the marginal utility derived from the consumption of each additional unit.  

In other words, if a consumer goes on consuming more and more of a commodity, the additional satisfaction derived from the consumption of each unit will decrease.  

The total utility will be maximized when the marginal utility from the consumption becomes zero.

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LO 7.4A company has prepared the operating budget and the cash budget. It is now preparing the budgeted balance sheet. Identify
shutvik [7]

Answer:

The correct answer is:

A) Cash (Cash Budget)

B) Accounts receivable  (Cash Budget)

C) Finished goods inventory  (Operating Budget)

B) Accounts payable  (Cash Budget)

D) Equipment purchases (Operating Budget)

Explanation:

The operating budget is a planning of the profits and expenses of a company for one or more than one period. It includes the expectations of other budgets on <em>payroll, cost of goods, </em>and <em>inventory</em>.  

The cash budget is a plan for a business or individual's cash inflows and outflows. It is often considered the most important financial budget as it allows companies to better manage their cash positions and prevent unforeseen cash flaws. <em>Current cash, accounts payable and receivables</em> are taken into consideration for the projection of this budget.

5 0
4 years ago
On March 1, a designer received a check for $7,500 from a customer for services to be provided after the customer chose a color
lora16 [44]

Answer:

unearned service revenue 7,500 DEBIT

       service revenue 7,500 CREDIT

Explanation:

the job is complete on July 31th

so <em>we write-off the unearned service reveue</em>

and <em>we recognize the service revenue </em>for the whole amount of the contract

The cash receipt occurs on March 1st so w edon't haveto post anythign related to cash on July 31th.

the unearned revenue account is used first because the business has the obligation of perform the job or return the cash. So it is a liablity until the job is completed

7 0
4 years ago
Which of the following is not a reason for merger and acquisition failures? a) The acquired company assets are poorly integrated
iren [92.7K]

Answer: The  acquisition leads to value creation

     

Explanation: In simple words, value creating refers to the process under which the company enhances its working image in the eyes of various stake holders.

It is one of the primary objectives of any organisation. Creating value in the eyes of customers help to sell the products in market while value creation for stakeholders increases the stock price and helps in generation of capital.

Hence it is not a failure of mergers and acquisition.

3 0
3 years ago
Nonprice competition refers to: Multiple Choice competition between products of different industries, for example, competition b
Mama L [17]

Answer:

advertising, product promotion, and changes in the real or perceived characteristics of a product.

Explanation:

As the name suggest Non-price competition is the competition where there is a competition not based upon the price but the product of the company would be different from the rival company on the basis of characteristics like design, labelling, etc

So according to the given options, last second option is correct

And, the same would be considered

6 0
3 years ago
Wisconsin Cheddar has introduced a new product called "aged jalapeno cheddar". Displays are set up at various retail cheese stor
Fiesta28 [93]

Answer:

Sales promotions

Explanation:

Sales promotions are the planned activities that a business takes to stimulate demand and increase sales. In sales promotions, the company applies attractive short-term methods to persuade customers to buy products.  Sales promotions mostly target consumers. Businesses may also initiate sales promotion aiming at encouraging traders to sell more.

Techniques used in sales promotion include discount vouchers, money-off-coupons, free samples, and competitions. Wisconsin Cheddar is conducting a sales promotion. The displays, free samples, and discount coupons are meant to encourage customers to buy. Sales promotions are useful in introducing new products in the markets. They help push-up sales volumes, although it could be temporarily.

4 0
4 years ago
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