Answer:
In this case the consumer needs to buy one unit of X good and 2 units of Y goods to maximize total utility.
Explanation:
In order to maximize total unity, the consumer needs to buy buy one unit of X good and 2 units of Y. This combination of goods will give the total satisfaction to the consumer with its available resources.
Utility is a meaning, which is used in economics. Which is used for satisfaction and fulfillment. That a consumer receives from the consumption of a particular product or service.
Total utility is the overall or total satisfaction a customer receives through taking a specific good or service.
The main foundation or resource of economic activities in developing countries is production. A further relation is provided below.
- A community seems to be nearly dependent on its capacity to increase its workforce production. The capabilities of production, as well as consumption, are utilized for the evaluation of inflation expectations.
- Productivity improvements lead to increased economic growth, so the amount of products, as well as services generated by something like a comparable workforce, is greater.
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Answer:
$118,000
Explanation:
The formula and the estimation of the direct material used is shown below:
Direct material used = Starting raw material balance + purchase made during the year- ending raw material balance
= $42,000 + $127,000 - $51,000
= $118,000
Adding the purchased amount and deducting the ending raw material balance to the beginning raw material balance for computing the direct material used
Answer:
Give credit for information taken from a source.
Explanation:
Gross Profit = Revenue - Cost of Goods Sold is the formula for calculating gross profit.
<h3>What is Gross profit?</h3>
Gross profit is the amount of money your company makes after paying its expenses. Your net profit is your earnings after all expenses have been paid. The money that remains after an organization has paid for the products and services it sold is known as gross profit. The amount that is left over after all costs and taxes have been paid is the company's net profit.
The profit a company makes after deducting all of the expenses involved to producing and offering its goods or services is known as gross profit. The cost of goods sold (COGS) is subtracted from your total sales to determine gross profit.
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