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andrew11 [14]
3 years ago
8

Economists expect the firm to maximize __________, the laborer to accept the best __________, and the consumer to find the combi

nation of goods that gives the most __________.a. offers; profits; utilityb. profits; utility; offerc. utility; offer; profitd. profit; offer; utilitye. offers; profits; utility
Business
2 answers:
algol133 years ago
7 0

Answer:

The correct answer is option d.

Explanation:

The firms are expected to maximize profits, the laborers are expected to accept the best offer and the rational consumer is expected to choose the bundle of good that maximizes utility.

Firms will produce the output level where their profits are maximized. The consumer will consume at the level where their total utility is maximized and the laborer will accept the best offer to maximize his benefit.

Cerrena [4.2K]3 years ago
4 0

Answer: Option (d) is correct.

Explanation:

Correct option: Profit; offer; utility.

All the economists expect that a firm's first priority is to maximize the profit and the labors are well versed with all the offers. So, they accept the best offer, which gives them higher wages.

Consumer chooses the combination of goods which gives the higher utility. They wants to maximize their total utility.

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_____ is a preproduction service in a value chain that requires forecasts to gain customers in the value chain.
creativ13 [48]

Answer:

The answer is letter A.

Explanation:

Determining salesperson targets and incentives is a preproduction service in a value chain that requires forecasts to gain customers in the value chain.

5 0
4 years ago
Gross Corporation adopted the dollar-value LIFO method of inventory valuation on December 31, 2013. Its inventory at that date w
Murrr4er [49]

Answer: $603,500

Explanation:

Ending inventory in 2014;

= Ending inventory balance 2013 + ((\frac{Inventory current price 2014}{Price index 2014} * 100) - ending inventory 2013)) * Price index 2014/100

= 550,000 + ((\frac{642,000}{107}* 100) - 550,000)) * 107/100

= $603,500

3 0
3 years ago
About the Lagrangian method, select the correct statement: We can use it to solve consumer's utility maximization problems, but
mezya [45]

Answer:

About the Lagrangian method,

We can use it to solve both consumer's utility maximization and firm's cost minimization problems.

Explanation:

Lagrangian method is a mathematical strategy for finding the maxima and the minima of a function subject to equality constraints.  Equality constraints mean that one or more equations have to be satisfied exactly by the chosen values of the variables.  Named after the mathematician, Joseph-Louis Lagrange, the basic idea behind the Lagrangian method is to convert a constrained problem into a Lagrangian function.

8 0
3 years ago
Maxwell and Smart are forming a partnership. Maxwell is investing a building that has a market value of $89,000. However, the bu
gogolik [260]

Answer:

The correct option is D,$42,000

Explanation:

The balance on Maxwell capital account=market  value of building contributed less the mortgage on the building

market value of the building is $89,000

Mortgage on the building is $47,000

balance on Maxwell capital account=$89,000-$47,000

balance on Maxwell capital account=$42000

The correct option is D.

Care must taken so that one does include the cash of $38,000 contributed by Smart in Maxwell's capital account balance calculation,otherwise one would have concluded that option  E,$80,000($42,000+$38,000)

6 0
4 years ago
The system that compares actual results to a budget so that significant deviations can be flagged and investigated further is ca
horrorfan [7]

The system that compares actual results to a budget so that significant

deviations can be flagged and investigated further is called management by

exception

Management by exception is the type that helps the managers to focus on

the most important variances while ignoring unimportant changes between

the budget and actual results.

This is commonly used in budgets preparation to ensure that the important

factors which may affect project completion are taken into consideration to

prevent shortages.

Read more on brainly.com/question/25408603

4 0
3 years ago
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