Answer:
b. the more wealth she has, the less utility she gets from an additional dollar of wealth.
Explanation:
Utility is the satisfaction derived from a good. Total Utility is the total satisfaction from all units of a good. Marginal Utility is the additional satisfaction from an additional unit of a good.
The Law of Diminishing Marginal Utility states that : As consumer gets more & more of a good, the additional utility (satisfaction) from each successive unit keeps on declining. It implies that marginal utility decreases, & total utility increases at a decreasing rate.
Therefore : A person has more marginal utility (additional satisfaction) from an additional dollar, if he has less money (dollars). And, relatively less marginal utility from an additional dollar if he has more money (dollars).
Example : A rich person having millions of dollars would get less marginal utility (additional satisfaction) from gaining a single dollar, than a poor person having few dollars.
Answer:
It is more profitable to continue to rework the phones and sell them.
Explanation:
Giving the following information:
Signal mistakenly produced 1,000 defective cell phones.
<u>The $65 per phone is a sunk cost. It will remain on both decisions, therefore, we will not take into account to make the decision.</u>
Sell as it is:
Income= 33*1,000= $33,000
Rework:
Costs= 88*1,000= $88,000
Sales= 144*1,000= $144,000
Total gain= $56,000
It is more profitable to continue to rework the phones and sell them.
Walter Co. is a manufacturer because it uses raw materials, and has a stock of merchandise inventory, work-in-progress inventory, and finished goods inventory. The current assets of Walter Co. will be:
Current Assets:
Cash 6,000
Inventories
Raw materials inventory 21,000
Work in progress inventory 40,000
Finished goods inventory 25,000
Merchandise inventory 48,000
Total inventory 1,34,000
Other assets
Accounts receivable 41,000
Prepaid expenses 1,000
Current assets 2,22,000
A manufacturing company is a company that takes in raw materials processes the raw materials and then sells the finished goods manufactured in the market. So the current assets section of the balance sheet of Walter Co. is given which will be written on the right side of the balance sheet.
Learn more about manufacturing companies here:
brainly.com/question/14942185
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