Answer:
The correct answer is option C.
Explanation:
The decision-making process followed by consumers assumes that consumers are rational beings who are trying to maximize their satisfaction using their limited income.
So these consumers will consume the good or combination of goods that maximize their total utility derived from the consumption of these goods.
The consumers have limited income, they are aware of the marginal utility they derive from the consumption of an additional unit and they are also able to rank their preferences.
Answer: manufacturing
Explanation:
In an enterprise resource planning (ERP) system, the manufacturing component provides information on production costs and pricing.
Enterprise Resource Planning is the gathering and organization of business data by using an integrated software suite.
It should be noted that ERP software typically contains applications that helps in automating certain business functions such as sales quoting, production, accounting etc
Answer:
Well, Personal skills refer to the inner abilities. Examples of personal skills include the ability to communicate with others, Leadership skills, or Management skills.
Answer:
A. 9,000 units
Explanation:
The formula to compute the break even point is shown below:
= (Fixed cost) ÷ (Contribution margin per unit)
where,
New Fixed costs = $20,000 + $13,750 = $33,750
And, the contribution margin per unit would be
= $2.50 + $2.50 × 50%
= $2.50 + $1.25
= $3.75
Now put these values to the above formula
So, the units would be equal to
= $33,750 ÷ $3.75
= 9,000 units
