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3 years ago

Diminishing marginal utility of wealth implies that the utility function. Group of answer choices

Business

1 answer:

yan [13]3 years ago

7 0

Answer:

c. has decreasing slope and a person is risk averse.

Explanation:

The marignal utility of wealth represent that the subsequent utility of the person wealth is not perceived as necessary/joyful as the previous one.

This makes the slope of the utility function to go upward but at slower grow.

The first units of wealth produce a great improvement in utlity compared with the followings just like in any other good or service provided in the economy.

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Several items are omitted from the income statement and cost of goods manufactured statement data for two different companies fo

Olin [163]

Answer:

(a) $190,000

(b) $2,185,000

(d) $841,090

(e) $561,260

(f) $1,200,000

Explanation:

Rainier and Yakima Company several balances are omitted. These are calculated with reverse calculation. The material inventory at beginning of may is added with the purchases made and then ending inventory is subtracted to identify cost of goods manufactured.

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2 years ago

Hudson Co. reports the contribution margin income statement for 2015. Assume sales remain constant at 10.000 units.HUDSON CO. Co

gizmo_the_mogwai [7]

Answer:

Results are below.

Explanation:

Giving the following information:

Selling price= $244

Unitary variable cost= 195 - 8= $187

Fixed costs= 327,600 + 37,000= $364,600

We need to determine the new pre-tax income:

Sales= 244*10,000= 2,440,000

Total variable cost= 187*10,000= (1,870,000)

Total contribution margin= 570,000

Fixed costs= (364,600)

Pre-tax income= 205,400

5 0

3 years ago

Jasper makes a $31,000, 90-day, 6.5% cash loan to Clayborn Co. The amount of interest that Jasper will collect on the loan is:__

pochemuha

Answer:

the amount of interest that is collected is $503.75

Explanation:

The computation of the amount of interest that is collected is shown below:

= Cash loan × number of days ÷ total number of days × rate of interest

= $31,000 × 90 days ÷ 360 days × 6.5%

= $503.75

Hence, the amount of interest that is collected is $503.75

This is the answer but the same is not provided in the given options

We simply applied the above formula so that the correct value could come

And, the same is to be considered

4 0

2 years ago

Who is John Kulczyk ?

denpristay [2]

Are you sure about the name of this guy? I have found much information about Jan Kulczyk who was Poland's richest individual. If you want, I may personally drop you a link about him.

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2 years ago

The following information was taken from the segmented income statement of Restin, Inc., and the company's three divisions:

Rainbow [258]

Answer:

d. $75,000

Explanation:

total Los Angeles Bay Area Central Valley

Revenues $750,000 $200,000 $235,000 $325,000

Variable exp. $410,000 $110,000 $120,000 $180,000

Controllable $210,000 $65,000 $75,000 $70,000

fixed expenses

controllable $130,000 $25,000 $40,000 $75,000

profit margin

Noncontrollable fixed expenses and common fixed expenses are not included in the calculation of individual controllable profit margin.

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3 years ago