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andrew11 [14]
2 years ago
15

About the Lagrangian method, select the correct statement: We can use it to solve consumer's utility maximization problems, but

not firm's cost minimization problems. We can use it to solve both consumer's utility maximization and firm's cost minimization problems. We can use it to solve firm's cost minimization problems, but not consumer's utility maximization problems. We cannot use it to solve any kind of optimization problem.
Business
1 answer:
mezya [45]2 years ago
8 0

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.

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The most powerful of the five competitive forces is usually: Select one: a. The competitive pressures that stem from ready avail
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Answer:

b. The competitive pressures associated with rivalry among competing sellers in the industry for buyer patronage.

Explanation:

The Porter’s five forces of competition is a framework developed by Michael E. Porter in 1979, it is used to measure and analyze an organization's competitiveness in a business environment.

The Porter's five forces of competition framework are:

1. The bargaining power of suppliers.

2. The bargaining power of customers.

3. Threat posed by substitute products.

4. Threats posed by new entrants.

5. Threats posed by existing rivals in the industry.

The most powerful of the five competitive forces is usually the competitive pressures associated with rivalry among competing sellers in the industry for buyer patronage. When the amount of competitors (sellers), as well as the quantity of goods and services they provide are large, the lesser their competitive strengths or advantage in the market because the customers have a large pool of finished goods and services to choose from and vice-versa.

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3 years ago
Askew Company uses a periodic inventory system. The June 30, 2018, year-end trial balance for the company contained the followin
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Answer:

Askew Company

1. Cost of goods sold                     $243,000

2. Adjusting Journal Entries:

Debit Cost of Goods Sold $243,000

Debit Purchases discounts $7,000

Credit Freight-in $19,000

Credit Inventory $231,000

To record the cost of goods sold.

Explanation:

a) Data and Calculations:

Account                                       Debit    Credit

Merchandise inventory, 7/1/17 33,000

Sales                                                     390,000

Sales returns                            13,000

Purchases                             250,000

Purchase discounts                                7,000

Purchase returns                                   11,000

Freight-in                                19,000

Merchandise inventory, 7/1/17        $33,000

Purchases                                       250,000

Purchase discounts                           (7,000)

Purchase returns                              (11,000)

Freight-in                                           19,000

Cost of goods available for sale $284,000

June 30, 2018, inventory balance $41,000

Cost of goods sold                     $243,000

Adjusting Entry:

Debit Cost of Goods Sold $243,000

Debit Purchases discounts $7,000

Credit Freight-in $19,000

Credit Inventory $231,000

To record the cost of goods sold.

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It reduced the cash flow to product innovation. It led to increased operating costs.
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Choose the best inference based on the following statement from a corporation president: “Our employees are the greatest resourc
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If this question has the same choices like the previous ones posted here, then the answer would be letter letter C. <span>The speaker is willing to improve workplace safety.
</span><span>
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Complete Question:

Options:

a) labor of employees working directly on the product

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c) labor of the clerical staff

Answer:

Indirect labor includes:

b) labor of the maintenance employees

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Explanation:

Indirect labor is the cost of labor for all those who contribute to the production of a product, but  indirectly.  These include the labor costs of equipment and factory maintenance employees, factory clerical staff, supervisors, and managers, product inspectors and quality controllers, etc.  The determining factor is the level of involvement: direct or indirect or outside production.  If it is direct or outside production, it is not part of indirect labor.

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