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Answer:
D) Marginal utility of the last unit of each product consumed is the same.
Explanation:
To maximize utility with a given income constraint, a consumer must chose products to maximize utility. This can be done so that each extra dollar, which is the marginal income, spent on each of these products yields the equal marginal utility. For example if one product yields more marginal utility per marginal dollar spent, the consumer should reallocate their income so they consume more of this product and less of others, so much so that the utility derived from this product equals utility derived from other products.
Utility is maximized when these marginal utilities per marginal dollar spent coincide.
Hope that helps.
Answer:
Detaled solution can be seen in the attached diagrams:
Answer:
C. completed from beginning inventory, started and completed during the month, and units in ending inventory
Explanation:
During the period, the work done is:
the last part of the beginning WIP
If BI is at 40% complete
During the period 60% is assign to this period cost
the started and complete, those count entirely, as they are finished.
and the equivalent work of the endind inventory
this is also work done during the period, so it should be accounted to assing cost into.
Answer:
The correct answer is letter "D": interest being earned on previously-earned interest.
Explanation:
Compounding, also called "<em>interest on interest</em>", refers to a method of calculating interest based on the principal of a capital gain plus interest that was already accrued. It is a form of reinvestment based on accumulated interest. Compound interest could be computed by day, month or year.
