The applicable law in the instance when Austin, Texas decides on imposing a new tax code on business owners within the city is <u>B. Public law.</u>
<h3>What is Public Law?</h3>
Public law concerns all matters pertaining to the relationship between the city government and legal entities or persons residing or doing businesses in the city. Public law, therefore, governs the relationship between the city and its subjects, which include individuals and organizations within the city.
<h3>Answer Options:</h3>
A. Private law
B. Public law
C. Federal law
D. Criminal law
E. State law
Thus, the applicable law in this instance is public law and not private, federal, criminal, or state laws.
Learn more about public laws at brainly.com/question/26332646
Answer:
See below.
Explanation:
We can compute the profitability of this special order by accounting for the incremental costs,
Sales (9700 * 47.20) = $457,840
Incremental Variable costs = (18 + 7.30 + 4.50 + 6.90) = $36.7/unit
The incremental variable costs include the $6.9 for modifications and does not include 7.4 which is a part of non incremental fixed costs.
Profits from this special order are as follows,
Sales 457,840
Less:
Variable costs (36.7*9700) 355,990
Incremental Fixed costs 46,700
Profits from this special order 55,150
Since the order has positive contribution and as it yields profits, it should be accepted.
Hope that helps.
Answer:
Option (B) is correct.
Explanation:
The utility maximization point for a consumer is as follows:
![\frac{MU_x}{P_x}=\frac{MU_y}{P_y}](https://tex.z-dn.net/?f=%5Cfrac%7BMU_x%7D%7BP_x%7D%3D%5Cfrac%7BMU_y%7D%7BP_y%7D)
It is given that,
price of Pepsi(x) = $1 per can
price of a hamburger(y) = $2
Marginal utility from Pepsi = 4
Marginal utility from hamburgers = 6
Hence,
![\frac{4}{1}>\frac{6}{2}](https://tex.z-dn.net/?f=%5Cfrac%7B4%7D%7B1%7D%3E%5Cfrac%7B6%7D%7B2%7D)
4 > 3
Therefore, it can be seen that the consumer's utility is not maximized at this point.
Law of diminishing marginal utility states that as the consumer consumes more and more quantity of goods then as a result the utility obtained from the consumption goes on diminishing.
So, there is a need to increase the quantity of Pepsi consumed and reducing the quantity of hamburgers consumed.
Answer:
In your list of options there are 2 Major functions of an entrepreneur:
1. Innovate
2. Take Risks
Explanation:
Remember that being an entrepreneur and being a manager are 2 very different things. When an entrepreneur takes over the functions of a manager then things get more complicated. You can have a really big company that goes belly up because of bad management but that doesn't mean you had an incompetent entrepreneur.
The organizing function is one of my personal favorites. Here you have to get everything together, materials, machinery, material resources to operate, legal requirements etc. Then with successful leadership you can execute the plans directed by the entrepreneur.
Answer:
Explanation:
These occur when mass producing a good results in lower average cost. Economies of scale occur within an firm (internal) or within an industry (external). Internal Economies of Scale - As a business grows in scale, its costs will fall due to internal economies of scale.