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ElenaW [278]
3 years ago
11

Suppose a consumer is trying to decide how much to spend on foodfood and how much to spend on all other ​(non-foodfood​) consump

tion. The economic model of consumer behavior predicts that the consumer will
A. choose the combination of foodfood and ​non-foodfood consumption that makes her as well off as possible from among the combinations of foodfood and ​non-foodfood items she can afford.
B. consume any combination of foodfood and ​non-foodfood consumption from among the combinations of foodfood and ​non-foodfood items she can afford.
C. consume an infinite amount of foodfood and ​non-foodfood consumption.
D. consume as much foodfood and as much ​non-foodfood consumption as she wants.
E. consume as much foodfood as she can afford without any ​non-foodfood consumption.
Business
1 answer:
elena55 [62]3 years ago
3 0

Answer:

The answer is: A. choose the combination of food and ​non-food consumption that makes her as well off as possible from among the combinations of food and ​non-food items she can afford.

Explanation:

The economic model of consumer behavior states that an individual will consume the products or services that maximize his (or her) benefits and overall well-being while minimizing costs.

So this consumer should choose the combination of products (between food and non-food products) that maximize his well-being while having the lowest possible cost.

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Sole Mates Inc. is planning a one-month campaign for July to promote sales of one of its two shoe products. A total of $100,000
Cerrena [4.2K]

Answer:

Sole Mates Inc.

Differential analysis:

                                        Tennis Shoe      Walking Shoe

Unit selling price                      $85                  $100

Unit production costs:

Direct materials                        $19                   $32

Direct labor                                  8                      12

Variable factory overhead          7                       5

Unit variable selling expenses   6                     10

Total variable costs                $40                   $59

Contribution margin per unit $45                   $41            

                                        Tennis Shoe      Walking Shoe   Difference

                                        Alternative 1       Alternative 2

Total contribution margin    $315,000         $287,000       $28,000

Advertising costs                  (100,000)          (100,000)                  0

Total income (loss)             ($215,000)          $187,000      $28,000

Promote the Tennis Shoes (Alternative 1) because it will bring in more contribution margin than Alternative 2.

Explanation:

a) Data and Calculations:

Budgeted advertising costs = $100,000

                                        Tennis Shoe      Walking Shoe

Unit selling price                      $85                  $100

Unit production costs:

Direct materials                        $19                   $32

Direct labor                                  8                       12

Variable factory overhead          7                        5

Fixed factory overhead             16                       11

Total unit production costs    $50                  $60

Unit variable selling expenses   6                     10

Unit fixed selling expenses     20                     15

Total unit costs                       $76                 $85

Operating income per unit      $9                   $15

3 0
3 years ago
At Eady Corporation, maintenance is a variable overhead cost that is based on machine-hours. The performance report for July sho
rjkz [21]

Answer:

See below

Explanation:

$10,370 - $340 = $10,030

6 0
2 years ago
An experienced employee who supervises, coaches, and guides lower-level employees by introducing them to the right people and ge
torisob [31]

Answer:

Mentor

Explanation:

The mentor is the person who has knowledge, experience, skills and he or she is able to guide, motivate, gives the training, supervise the lower skill employees so that they can perfect in their work.

But for motivating, guiding the employees we need to appoint the right people who belong from organizational sponsor so that the lower level employees could able to accomplish their tasks so that the overall objective of the company could be accomplished.

3 0
3 years ago
Indirect costs incurred in a manufacturing environment that cannot be traced directly to a product are treated as a.period costs
Dima020 [189]

Answer:

Indirect costs incurred in a manufacturing environment that cannot be traced directly to a product are treated as Product costs and expenses when the goods are sold, Option D.

Explanation:

Indirect costs are also manufacturing overheads which cannot be directly put on the product but they have to be allocated in some way. So, these are treated as 'product costs' and 'expenses' when the goods are sold. They are not period costs as per Option A and option C. Option B which says that it is product costs when incurred, which is also incorrect.

Examples of indirect costs can be accounting and legal expenses, rent, telephone expenses, salaries of administrative.

Direct costs includes the costs of direct 'labor', materials and commissions.

8 0
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Why might a bank be willing to borrow funds from other banks at a higher rate than the rate at which it can borrow from the fed?
liberstina [14]
Because when a bank borrows money from the Fed it has to out toward collateral. Central banks in turn will want extra regulation, depending on the banks rep. As well as banks borrow too frequently from the Fed, resulting in the Fed restricting the ability to borrow in the future.
hope this helps!
3 0
3 years ago
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