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satela [25.4K]
3 years ago
15

If the price of good A​ falls, then when the consumer makes his new​ utility-maximizing choice​ _______. A. the quantity of the

good A consumed will decrease B. the marginal utility from consuming good A will be lower than before C. the marginal utility from all other goods will be lower than before D. the quantity consumed of all other goods will increase
Business
1 answer:
skad [1K]3 years ago
4 0

Answer: Option (B) is correct.

Explanation:

Correct option: The marginal utility from consuming good A will be lower than before.

This due to the law of diminishing marginal utility. When the price of good A falls as result consumer will buy more quantity of good A. But according to the  law of diminishing marginal utility, as the consumers consumes more and more quantity of good, the utility derived from an additional unit goes on diminishing.

Therefore, the marginal utility from consuming good A will be lower than before.

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The following information pertains to the Southern Division of Olson Company: Net Sales $5,250 Variable Costs: Cost of merchandi
Andru [333]

Answer:

The contribution controllable by a segment manager is $ 1,850

Explanation:

Segment Manager`s performance is evaluated on be bases of items directly controllable by them ( controllable contribution)

<u>Calculation of Controllable Contribution :</u>

Net Sales                                                                        $5,250

<em>Less</em> Variable Costs :

Cost of merchandise sold                                               (1,200)

Operating expenses                                                          (450)

Controllable Contribution                                                3,600

<em>Less</em> Controllable Costs:

Fixed Cost Controllable                                                    (600)

Unallocated costs                                                             (1,150)

Contribution Controllable -Segment Manager                1,850

8 0
3 years ago
A. The Gini ratio is:
rusak2 [61]

Answer:

A. (a, the area between the diagonal line and the lorenz curve divided by the total area below the diagonal line)

B. (a, a perfectly unequal income distribution will have a Gini ration of 1.)

C. (a, more equal)

Explanation:

A. Gini ratio can be defined as the statistical determination of the wealth and income distribution among a country's populace.

It can also be called Gini coefficient or Gini index, and it is a measure of the inequality in income and wealth distribution.

The Gini ration is calculated by finding the difference between the Lorenz curve and the uniform distribution line, then divided by the total area under the uniform distribution line. A Gini ration of <0.2 is the perfect income equality.

B. Gini ratio cannot exceed 1 because a perfectly unequal income distribution will have a Gini ratio of 1. This means that the line of equality does not move irrespective of whether or not the Lorenz curve changes.

C. If the Gini ratio declines from 0.42 to 0.35, then that means that income has become more equal. Note that a Gini ratio of <0.2 signifies a perfect income distribution, slightly greater than 0.2 to ).35 signifies that income distribution is close to equality.

Cheers.

3 0
3 years ago
7. Write at least two policies that a company could use to decide which customers to offer credit to. (1-2 sentences. 2.0 points
Bas_tet [7]

Answer:

Competition tribunal

Competition commission

Explanation:

They protect the rights of the customers

6 0
3 years ago
Wade Company is operating at 75% of its manufacturing capacity of 140,000 product units per year. A customer has offered to buy
DanielleElmas [232]

Answer:

Income will increase by $5 per unit

Explanation:

The income effect in case of the order accepted is presented below:

As we know that

Additional sales per unit $32

Direct material per unit $12

Direct labor per unit $9

And, the incremental variable overhead cost is $6 per unit

Since the fixed cost is the same so it does not affect the effect on income

So, the income effect would be

= $32 - $12 - $9 - $6

= $5 per unit

Since the answer comes in positive which means there is an increase in income

5 0
3 years ago
Blake Mycoskie started a shoe business known as TOMS. As a social entrepreneur, Mr. Mycoskie takes the concept of ______________
Vinil7 [7]

As a social entrepreneur, Mr. Mycoskie takes the concept of corporate social initiative to a new level.

Corporate social initiative is when a corporate company tries to bring social awarenss through their volunteer efforts, bussinesses that benefit soceity and much more. TOMS donates a pair of shoes to a third world country each time a pair is bought. This is a way to help their economies and those living in them by giving back.

6 0
3 years ago
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