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Dahasolnce [82]
3 years ago
7

If, as a person consumes more and more of a good, each additional unit adds less satisfaction than the previous unit consumed, w

e are seeing the workings ofA) the law of demand.B) the law of supply.C) the law of increasing marginal opportunity cost. D) the law of diminishing marginal utility.
Business
1 answer:
zalisa [80]3 years ago
8 0

Answer:

The correct answer is option D.

Explanation:

The law of demand states that keeping other things constant there is an inverse relationship between quantity demanded and price.

According to the law of increasing marginal opportunity cost with each additional output the marginal opportunity cost to produce next unit of output increases.

While the law of supply states that keeping other things constant there is a direct relationship between price and quantity supplied.

According to the law of diminishing marginal utility, the marginal utility derived from the consumption of each additional unit of good keeps declining as more and more unit of goods is consumed.

So, option D is the correct answer.

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Shane is a newly hired inventory manager at a manufacturing firm. What can he do to avoid shortages or excess quantity of invent
vovangra [49]

Answer:

take inventory on how much product he has and how much he needs

Explanation:

6 0
3 years ago
Morris company applies overhead based on direct labor costs. For the current year, morris company estimated total overhead costs
spin [16.1K]

Answer:

At year-end, factory overhead is $21,000

Explanation:

Predetermined overhead rate = (Estimated overhead costs/Estimated direct labor costs)

Predetermined overhead rate = ($404000 / $2020000) = 20%*Direct labor costs

Hence, Applied overhead costs= (20% * $1,810,000)

Applied overhead costs=$362000.

Hence balance in factory overhead account at year end = $383,000 - $362,000  

=$21,000.

8 0
3 years ago
Bothell Company uses a job order costing system that allocates estimated overhead as 40% of prime costs. What is the cost of a j
Juli2301 [7.4K]

Answer:

$10,080

Explanation:

The computation of the cost of the job is shown below:

We know that

prime cost = direct material + Direct labor

= $2,000 + $5,200

= $,7200

Now  overhead is

= 40% of $7200

= $2,880

And,

Cost of job = direct material + Direct labor + overhead

= $2,000 + $5,200 + $2,880

= $10,080

4 0
3 years ago
Bill McDermott is the CEO of SAP, which is a company that sells expensive enterprise resource planning software to large and mid
KonstantinChe [14]

Answer:

corporate

Explanation:

Corporate level of an organisation involves the whole organisation. The organisation is made up of business units and product lines.

So when one functions at the corporate level he is responsible for all aspects of the business.

In this instance Bill McDermott is the CEO of SAP is in charge of all departments and production lines of the company.

On the other hand functional level deals with a particular department within the organisation. For example human resources, operations, and so on.

3 0
3 years ago
The owners of hotels whose services are produced and consumed at the same time know that consumers do not have the opportunity t
mixer [17]

Answer:

<em>E) Satisfaction Guarantees</em>

Explanation:

<em>Satisfaction Guarantees</em> also called <em>Money-Back Guarantee</em> is  basically a straightforward assurance <em>that a refund will  be produced if a purchaser is not satisfied with a product or service</em>.

This term is widely used in advertisements or commercials advertising a product or service and has been used for a long time as a marketing strategy.

8 0
3 years ago
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