Answer:
Month
1 2 3 4 5 6
Units
Forecasted Demand 380 400 420 440 460 480
Regular Production 400 400 400 400 400 400
Overtime 0 0 0 40 40 40
Subcontracting 0 0 0 0 20 40
Inventory at end of month 20 20 0 0 0 0
Cost
Regular Production $10,000 $10,000 $10,000 $10,000 $10,000 $10,000
Overtime production cost $0 0 $0 $1,600 $1,600 $1,600
Subcontract cost $0 0 $0 $0 $1,200 $2,400
Inventory holding cost $300 $300 $0 $0 $0 $0
Total Cost $69,000
Explanation:
The negative relationship between the quantity of a good, service, or resource and the marginal utility obtained from each additional unit consumed in a given period of time describes diminishing marginal utility.
<h3>What is
diminishing marginal utility?</h3>
Marginal utility is the increase in utility as consumption is increased by one unit.
According to the law of diminishing marginal utility, as more of a product is consumed, utility increases at a diminishing rate. Economic theory suggest that consumption is maximised when marginal utility is equal to marginal revenue.
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Answer: Because the issuer official no longer holds elected office, the contribution limits of Rule G-37 do not apply.
Explanation:
Rule G-37 is a way to ensure that Municipal Issuers are not unduly influenced by those who donated to their campaigns to get into a position to become Municipal Issuers.
It prohibites for 2 years, Municipal Finance Professionals (MFP) amongst others from engaging in municipal securities business with a Municipal issuer.
An exception however, is that if the MFP is entitled to a vote for the Official in question, they can donate no more than $250 per election.
Seeing as the Municipal Issuer Officer has lost her position, the MFP need not worry about this $250 limit as it no longer applies to her. The MFP is free to donate $500 to the "clean-up" campaign.
By earning higher levels of education, students learn skills and are more likely to be employed. In their jobs, they use their skills to provide goods and services to others. The economic concept which is applied in this statement is a positive externality.
<h3>What are skills? </h3>
Skills refer a set of qualities or abilities an individual carries in order to complete the task. These skills represent the expertise of any individual in terms of knowledge and talents.
When these skills are learned along with the higher level of education it creates an add-on for the career. These skills include communication skills, problem-solving skills, critical thinking, leadership qualities, and so on.
Therefore, option E positive externality is the correct option for the given statement.
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