Answer: B- the change in total utility from consuming one more unit of a good
Explanation: Marginal utility is the change in utility that arises from consuming one more unit of a good or service.
Utility is the total satisfaction that occurs from consuming a commodity or service.
Average utility is total utility divided by the number of goods consumed.
Answer:
Particulars 2021 2022 2023
Beginning Inventory <u>277</u> <u>253</u> 235
Cost of Goods sold 633 623 <u> </u><u>586</u>
Ending inventory <u> </u><u>253 </u> 235 220
Cost of good available for sale 886 <u>876</u><u> </u> 806
Purchases 640 <u>623 </u> 595
Purchase discounts 20 17 <u>26</u>
Purchase returns 26 32 16
Freight-in 15 34 18
Explanation:
There are few missing values which are calculated using back solving technique. These values are bold and underlined. Playa Company has missing information for its three year accounts.
Available for sale = Beginning inventory + Net Purchases
Cost of Goods Sold = Cost of good available for Sales - Ending inventory
Ending inventory = Cost of Goods available for Sales - Cost of Goods Sold.
Net purchases = Gross purchases + Freight in - Purchase discount - Purchase return
Answer:
<u>tutoring opportunity cost: </u>20,000 consulting job
<u>consulting job opportunity cost:</u> 5,000 + travel from tutoring
<u>collegue:</u> 20,000 consulting job
Explanation:
opportunity cost: cost of the best rejected project, proposal or income
income from work as a consulting job: 20,000
income from tutoring: 5,000 ( externality of travel around the world)
collegue cost of 5,000
The tutorng has an externality of travel around the world. We can measure how much Allison values that chances but it is something she will consider when picking her plan.
Answer:
It is a person-blame
approach that ignores the role of institutions.
Explanation:
Hope this helps
Answer:
c, b, a.
Explanation:
Important to note that a mutually exclusive is project or event is one that cannot both occur at the same time. Hence, since they are not mutually exclusive, they can thus occur at the same time.
Therefore, the statement "all three of the projects could be pursued at once, if the manager desires" is TRUE.
It is more likely that the manager's choice would be based on the project with the highest Return on investment (ROI) and residual income (meaning $400,000 residual income and 18% ROI project is selected).
