Answer: Explanation:
The marginal rate of substitution of peaches for avocados is the maximum amount of avocados that a person is willing to give up to obtain one additional peach. When consumers maximize utility, they set their MRS equal to the price ratio, Pp/PA
where
,
P
p is the price of a peach and
PA is the price of an avocado.
In Georgia, avocados cost twice as much as peaches, so the price ratio is ½ , but in California, the prices are the same, so the price ratio is 1. Therefore, when consumers are maximizing utility (assuming they buy positive amounts of both goods), the marginal rates of substitution will not be the same for consumers in both states. Consumers in California will have an MRS that is twice as large as consumers in Georgia.
Answer:
Direct material quantity variance= $15,351 unfavorable
Explanation:
Giving the following information:
Standard quantity per unit of output 4.6 grams
Standard price $ 15.05 per gram
Actual materials used in production 2,400 grams
Actual output 300 units
To calculate the material quantity variance we need to use the following formula:
Direct material quantity variance= (standard quantity - actual quantity)*standard price
Direct material quantity variance= (4.6*300 - 2,400)*15.05
Direct material quantity variance= (1,380 - 2,400)*15.05= $15,351 unfavorable
Answer:
$149,600
Explanation:
Variable cost per unit = 36+57+3+5 =
Variable cost per unit = $101
Contribution margin per unit = 145 - 101
Contribution margin per unit = $44 per unit
Total contribution margin = 3,400 * $44
Total contribution margin = $149,600
Answer: Promotion
Explanation:
Hi, the 4 P's of marketing are: Product, price, promotion, and place.
In this case, a sale is a promotion.
A Sales promotion has the objective of persuading a potential customer to buy the product. Is a short-term tactic to boost sales.
Feel free to ask for more if needed or if you did not understand something.
If the price of the ski trip has increased then the demand
for the ski jacket will likely decrease because of the demand curve in terms of
the ski jackets that will be shipping to the leftward as the ski trip were to
increase.
