Answer:
Freedom to plan the future, make choices, and try to reach goals. Freedom to act without fear of being sued. Freedom to act without being held responsible for the consequences. Freedom from being causally affected by other people's actions.
Explanation:
Answer:
Mrs. Simpson should buy less bread and more milk.
Explanation:
Besides the nutritional differences between bread and milk, Mrs. Simpson is not buying the utility-maximizing combination of bread and milk.
When she purchases bread, she is paying $1 for 80 utils, that means that the marginal cost of every util is 1.25¢.
When she purchases milk, she is paying $0.80 for 70 utils, that means that the marginal cost of every util is 1.14¢.
So the marginal cost per additional util is lower for milk.
Answer:
The answer is = 1,262,000units
Explanation:
Fixed cost = $648,640
Unit selling price = $7.40
Unit cost price = $5.68
Target profit/net income= $1,522,000
Unit Contribution margin = Unit selling price - unit variable cost
$7.40 - $5.68
=$1.72
Sales in units to achieve its target net income = (fixed Cost + target profit or net income)/unit contribution margin
($648,640 + $1,522,000)/$1.72
=$2,170,649 / $1.72
=1,262,000units
Therefore, Sheridan Corporation needs to sell =1,262,000units to achieve a target income of $1,522,000.
Answer:
the value of the MktRS (market rate of substitution) is 0
Explanation:
The computation of the market rate of substitution is shown below:
Since it is mentioned that
You like apples half as pears
So the equation would be
X = 1 ÷ 2 Y
X ÷ Y = 1 ÷ 2
Now the market rate of substitution of the price is
= $2 ÷ $4
= 1 ÷ 2
So,
= 1 ÷ 2 - 1 ÷ 2
= 0
Hence, the value of the MktRS (market rate of substitution) is 0
The same is to be considered
