Answer:
Toby is not maximizing his utility because MUp/Pp > MUc/Pc
Explanation:
given data
marginal utility consuming peanuts = 100 utils per ounce
marginal utility consuming cashews = 200 utils per ounce
peanuts cost = 10 cents per ounce
cashews cost = 25 cents per ounce
solution
we know that Toby will have maximize utility when here
Marginal utility of peanut ÷ price of peanut = Marginal utility of cashew ÷ cash ..........................1
MU (p) ÷ P (p) = MU (c) ÷ P (c)
put here value
but here
10 > 8
so we can say Toby is not maximizing his utility because MUp/Pp > MUc/Pc
Answer:
The best gift I ever received is none other than my parents, given to me by God on my birthday. Nowadays, not every child is fortunate enough to have both parents to nurture them. As for me, I am lucky to be raised by two loving parents. They provide shelter and care so that we can live comfortably.
Explanation:
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Answer:
Democratic leadership approach
Explanation:
Democratic leadership, often recognized as participatory leadership, is a form of management style wherein team members play a much more participatory position in the procedure of making business decisions.
The option to engage is provided to all in such a framework, ideas are openly shared and conversation is promoted. Because the democratic process focuses solely on the equal rights of groups as well as the unlimited flow of information, the team leader is only there to provide advice and influence.
Such style of leadership will extend from private companies to schooling to the government to any entity. That's why it is considered to be most dominating.
Answer:
$24,160 favorable
Explanation:
The computation of the total contribution margin sales volume variance is given below:
The Budgeted contribution margin per pound of MT is
= $40 - $20
= $20 per pound
Now the budgeted contribution margin per pound of ET is
= $60 - $30
= $24 per pound
MT's contribution margin sales volume variance is
= (Actual sales quantity - Budgeted sales quantity) × Budgeted contribution margin per pound
= (3960 - 4000) × $20
= $800 Unfavorable
ET's contribution margin sales volume variance is
= (Actual sales quantity - Budgeted sales quantity) × Budgeted contribution margin per pound
= (5,040 - 4000) × $24
= $24,960 favorable
Now the total contribution margin sales volume is
= $800 unfavorable + $24,960 favorable
= $24,160 favorable
Answer:
Competency-based pay helps to tie your company's culture directly to the success of the company. Increased transparency: Employees will better understand what they have the potential to earn with a competency-based pay system and what skills they need to acquire to reach the pay they desire.
