Answer:
Marginal utility is the benefit of consuming additional unit of a product and it is inversely proportional to price.
Explanation:
Utility is the satisfaction derived from consuming a particular product.
As consumption continues, marginal utility is the benefit of consuming additional units of the product. Marginal utility reduces as consumption increases.
So the consumer is less willing to buy at current price. However the consumer will be more willing to buy more at a reduced price.
The campus bookstore is using the knowledge of this by selling the first mu for $10 and subsequent one for $6. The consumer will still be willing to buy at the reduced price.
Answer:
$288,000
Explanation:
Sum-of-the-years'-digits method provide for higher depreciation to be charged early in the life of the asset with lower depreciation in the later year.
Sum of digits = 5 + 4 + 3 +2 +1 = 15
2020
Depreciation = 5 / 15 x $480000
= $160,000
2021
Depreciation = 4 / 15 x $480000
= $128,000
therefore,
Accumulated depreciation = $160,000 + $128,000 = $288,000
thus
The accumulated depreciation on this machinery at March 31, 2021, should be $288,000.
Answer: Option B
Explanation: In simple words, convenience goods refers to the commodities that are widely available in the market and can be purchased frequently with minimal efforts. Newspapers and candy bars are some of the many examples of convenience goods.
These goods are consumed or loose their values after one or few uses.
Answer:
Consider the following analysis
Explanation:
I chose a Construction Organisation (X) providing engineering, procurement and construction services for Government in Roads & Bridges. Other than HR, the three subsystems are Strategy, Operations & Finance. We would focus on the subsystem Strategy because this is the penultimate department which frames policies, aligns every activity and transaction as well as plans for future with respect to the vision, mission and values of the organisation.
Presently, the Strategy subsystem is primarily focussed on gaining business opportunities and executing them to augment revenue at the cost of environment and employees. It's prime God is Clients / Customers and revenue. There are other similar organisations which also started at the same node, but gradually adopted the learning curve and other change initiating measures to adapt and develop as per the market dynamism. Gradually, these successful organisations have learnt and adopted the midway between Customer and Employee. Employees, who are the internal stakeholders have been identified to be the prime assets of an organisation to endeavour, persevere and sustain for the existence and development of any organisation.