Surpluses push the price down toward the equilibrium and shortages raise the price to the equilibrium
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.
Answer:
The correct answer is option (b).
Explanation:
According to the scenario, computation of the given data are as follows:
first we calculate the predetermined OH, then
Predetermined OH rate = Estimated Manufacturing OH Cost ÷ Estimated Direct Labor Hours
= $451,140 ÷ 61,800
= 7.3
So, Applied MOH = 60,500 × 7.3 = $441,650
So, Underapplied OH = Actual MOH - Applied MOH
= $532,000 - $441,650
= $90,350 (under applied)
The better Project is Project S having a NPV of $17.968 and IRR of 12.10 %
IRR:
- An approach to capital budgeting that is used to assess the profitability of a project is the discounted payback time. Internal rate of return is one of these capital planning strategies (IRR).
- This rate of return corresponds to the point at which a project's net present value equals zero. Since it does not account for any outside forces, such as inflation, they call it internal.
The calculator's capabilities will be utilized to determine the IRR,
Project S
- CF0 = (1,000)
- CF1 = 882.62 & F01 = 1
- CF2 = 250 & F02 = 1
- CF3 = 15 & F03 = 1
- CF4 = 5 & F04 = 1
- I = 10.5%
- [NPV] [CPT]
- The NPV is $17.968
- [IRR] [CPT]
- The IRR will come as 12.10%
- Project L
- CF0 = (1,000)
- CF1 = 0 & F01 = 1
- CF2 = 260 & F02 = 1
- CF3 = 420 & F03 = 1
- CF4 = 732.87 & F04 = 1
- I = 10.5%
- [NPV] [CPT]
- The NPV is $15.78
- [IRR] [CPT]
- The IRR will come as 11.03%
- The better Project is Project S having a NPV of $17.968 and IRR of 12.10%
Learn more about IRR here brainly.com/question/7920964
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Every individual or business wants to make profit this is done by providing goods and services that satisfy people's needs and wants.
<h3>What is a business?</h3>
A business is an organization that aims at making a profit by providing goods and services that are desired by individuals also known as customers.
Business meets a need and gets profit in return.
Therefore, A Business is defined as trying to earn a profit by providing goods and services that satisfy people's needs and wants.
learn more on business here
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