Communication, Teamwork, and flexibility.
Answer:
The customer should buy more of good X.
Explanation:
Marginal utility is the additional satisfaction derived from spending an additional unit of money on a commodity.
In the scenario above, since more additional satisfaction is derived from purchasing good X than it is derived from purchasing good Y, then more of good X should be purchased, because this is clearly the commodity that offers more satisfaction.
Therefore, in order for utility to be maximized, more money should be spent on more of good X.
Answer:
Total equivalent units= 17,250 units
Explanation:
<em>Under the weighted average method of valuation, to account for completed units, it is assumed that the entire degree of work required to a complete a set of work is done in the period under consideration.So there is no separation of the completed units into opening inventory and fully worked. </em>
Equivalent units = Degree of completion× units of inventory
Item units Equivalent unit
Completed 15,000 100%× 15,000 = 15,000
Closing inventory 3,000 75%× 3,000 = <u>2,250
</u>
Total equivalent units <u> 17,250</u>
Total equivalent units= 17,250 units
Answer:
Nominal
Explanation:
Levels of measurement are the.relevant type of information that is in the value assigned to variables under consideration.
There are 4 types of level of measurement as postulated by Stanley Smith Steven: nominal, ordinal, interval, and ratio.
Nominal measurements differentiates variables based on classification or grouping. Tags or numbers are allocated to identify or classify data.
In the given scenario an appliance repair company decided to pull invoices and tally what types of appliances were repaired.
The appliances are classified according to the type so this is a nominal level of measurement
Answer:
no
Explanation:
profit businesses have the only motive to gain profit whereas non profit businesses main motive is to provide the supply of goods and services to the general public.....without a fee
