Answer:
Option (B) is correct.
Explanation:
The utility maximization point for a consumer is as follows:
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,
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: 40.7 years
Explanation:
You can use Excel to sold for this using the NPER function.
Rate = 10.2% / 12 months = 0.85%
Payment is $305 per month
Present value is $0
Future value is $2,200,000
Number of periods = 488.1979353
In years this is:
= 488.1979353 / 12
= 40.7 years
Answer:
The correct answer is letter "B": Issued Status.
Explanation:
Curricular Practical Training or CPT is a program where sponsor employers hire college students so they can start working mainly as trainees. These programs are provided during the school year or on summer vacation and offer part-time and full-time positions.
<em>When applicants have the "Issued Status" on their request, it means they have been electronically verified and are eligible for work.</em>
Answer:
The correct word for the blank space is: defects.
Explanation:
The Six Sigma process is a highly-strict method companies use based on data analysis which purpose is eliminating <em>defects </em>in products. The Sigma represents the standard deviation of the total number of products studied. When a defect is identified, limits are specified to set boundaries on how good or bad the failure could be. Then, the defect has up to six sigma deviations which offer enough opportunity between the natural deviation and the technical specifications of the product.
Answer:
150 tickets
Explanation:
Writing out needed parameters :
Price per student ticket (price of one student ticket) = PHP 75
The total revenue made from ticket sales ; (Total amount earned from the sale of student tickets) = PHP 11,250
The number of student tickets sold will be:
Total amout earned from sale / cost per ticket
PHP 11250 / PHP 75
= 150 tickets