Answer:
Marginal utility of the additional units will turn negative
Explanation:
As total utility has reached a maximum level, adding additional units of the same product will generate the total utility to decrease thus, the marginal utility of this additional products is negative as they made the utility of the consumer to decrease.
The diminish return theory state that:
The units increase utility at a decreasing rate and then, they reach a maximum of utility afterwhihc, additional units do not generate utility, they decrease it
Based on the payment you can afford, the interest rate, and the number of years, the loan you can afford is $6,774.15
<h3>What size of a loan can you afford?</h3>
First find the monthly interest rate:
= 4% /12
= 1/3%
Number of periods:
= 3 x 12
= 36 months
The loan you can afford can be found as:
= Payment x ( 1 - (1 + rate) ^ -number of periods) / rate
= 200 x (1 - (1 + 1/3%)⁻³⁶) / 1/3%
= $6,774.15
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Answer:
marketing refers to the process of valuing goods and services for trade
Answer:
The predetermined manufacturing overhead rate per direct labor hour is $3.75 per direct labor hour
Explanation:
Actual manufacturing overhead costs = $ 212,500
Actual direct labor hours = 54,900 hours
Actual direct labor costs = $ 445,000
Estimated manufacturing overhead costs = $210,000
Estimated direct labor hours = 56,000 hours
Predetermined Overhead Rate = Estimated manufacturing overhead costs ÷ Estimated direct labor hours
Predetermined Overhead Rate = $210,000 ÷ 56,000
Predetermined Overhead Rate = $3.75 per direct labor hour
