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3 years ago

15

Using marginal analysis to decide whether to consume an additional slice of pizza requires making a comparison of the benefits a

nd costs associated with the consumption of an additional slice of pizza.

1 answer:

Sedaia [141]3 years ago

3 0

Answer:

True

Explanation:

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An individual's income rises from $77 comma 000 per year to $82 comma 000 per year, and as a consequence the person's purch

Sonja [21]

Answer:

16.67

normal

Explanation:

Income Elasticity of Demand = $\frac{Percent Change In Quantity Demanded}{ Percent Change In Income}$

% change in movie downloads = (4 - 2) / 2

% change in movie downloads = 2 / 2

% change in movie downloads = 1

or

% Change in quantity demanded = 100%

% change in income = ($82,000 - $77,000) / $77,000

% change in income = $5,000 / $77,000

% change in income = 0.06

or

% change in income = 6%

Income Elasticity of Demand = 100% / 6%

Income Elasticity of Demand = 16.67

When the Income Elasticity of Demand is positive, it is usually Normal Goods. As Income goes up, similarly the movie downloads or quantity demanded going up. So, this is a normal good.

4 0

3 years ago

__________ unemployment refers to loss of jobs due to a recession or a similar downturn in the economy.

Eva8 [605]

Answer:

Cyclical unemployment is the loss of jobs due to a recession or downturn in an economy.

Explanation:

Cyclical unemployment is a type of unemployment. It is also known as Keynesian or deficient-demand unemployment. This type of unemployment occurs when the overall demand in an economy is not enough to provide jobs to the people who want to work. Cyclical unemployment is observed during the periods of slow economic growth or recession.

4 0

3 years ago

Wessner Corporation has provided the following information: Cost per Unit Cost per Period Direct materials $ 6.20 Direct labor $

Sveta_85 [38]

Answer:

d. $13.00

Explanation:

contributon margin = selling price - variable cost

sales price: $25 per unit

<u>list of variable cost:</u>

Direct mateirals 6.20

Direct labor 2.80

variable overhead 1.45

sales commisions 1.00

adminsitrative variable<u> 0.55 </u>

total variable cost 12.00

$25 selling price per unit - $12 variable cost per unit =

$13 contribution margin per unit

This is the amount each units "contributes" to ay the fixed cost and make a gain during the period.

5 0

4 years ago

Data _______ refers to the collection, storage, retrieval, and management of data in an organization's electronic files.

Mademuasel [1]

<span>This is called data warehousing. This is a core element of business intelligence. Data warehouses store both the current and historical data in one place. The data warehouses can be used to create analytical reports for knowledge workers throughout the enterprise.</span>

4 0

3 years ago

When information about two different enterprises has been prepared and presented in a similar manner, the information exhibits t

Dima020 [189]

Answer:

Comparability

Explanation:

Comparability is a characteristic of the information presentation of accounting information. It is required that the use of standardized accounting principles aid in making the accounts of two different enterprises to be compared to enable decision making among investors or for the allocation of investible resources. Without this comparability it becomes difficult to determine where resources would be put. Comparability can also be applied with the same company when it is able to compare its performance from one period to the other. This is also enabled by the use of standardized principles which have been consistently applied.

4 0

3 years ago