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3 years ago

How do economists define marginal benefit for an individual

Business

1 answer:

hammer [34]3 years ago

3 0

Answer:

Marginal benefit and marginal cost are two measures of how the cost or value of a product changes. ... A marginal benefit is the maximum amount of money a consumer is willing to pay for an additional good or service. The consumer's satisfaction tends to decrease as consumption increases.

Explanation:

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The master budget of Swifty Corporation shows that the planned activity level for next year is expected to be 50000 machine hour

densk [106]

Answer:

Total Manufacturing Overheads = $1198,333

Explanation:

Machine Supplies would vary with the new level of machine hours. therefore flex the overheads to obtain the budgeted manufacturing overheads.

Note ; Depreciation remains constant as this is not affected by new level of machine hours

Total manufacturing overhead costs at a level of 60000 machine hours

Indirect labor (780,000 /50,000×60,000) 650,000

Machine supplies ($250000/50,000×60,000) 208,333

Indirect materials (180,000/50,000×60,000) 150,000

Depreciation on factory building 190,000

Total Manufacturing Overheads 1198,333

3 0

3 years ago

Compare the rate of human development in the different provinces in south africa

elena-s [515]

Human development varies widely across the provinces of South Africa. Western Cape has the highest score of HDI of approximately 0.77, while Limpopo to the northern border has the lowest around 0.59. Only four provinces, Western Cape, Gauteng, Northern Cape, and free State are above the national average HDI of 0.66. Mpumalanga, KwaZulu-Natal, Eastern Cape, Cape West, and Limpopo have below average scores.

8 0

3 years ago

Suppose you own a stock that you believe will produce a return of 13% in a good economy and 4% in a poor economy. Given the prob

agasfer [191]

Answer:

The correct answer is letter "B": Expected return.

Explanation:

Expected return is the return an investor expects from an investment given the investment's historical return or probable rates of return under different scenarios. To determine expected returns based on historical data, an investor simply calculates an average of the investment's historical return percentages and then, uses that average as the expected return for the next investment period.

In the example, the expected return would be:

Expected return = (return in a good economy + return in a poor economy)/2

Expected return = (13% + 4%)/2

Expected return = 8,5%

7 0

3 years ago

ABC Steel Co. is considering buying a new machine in order to increase its production capacity using new technology. Details abo

stepan [7]

Answer:

payback period is lesser than 15 years we can say that they should buy the machine

so correct option is c. 4.8 years

Explanation:

given data

Purchase Cost = $300,000

Savings offered = $62,500 per year

Life of machine = 15 years

to find out

Payback period

solution

first we get here Payback period that is express as

Payback period = purchase cost ÷ savings ...........1

put here value we get

Payback period = $\frac{300000}{62500}$

Payback period = 4.8 years

and here payback period is lesser than 15 years we can say that they should buy the machine

so correct option is c. 4.8 years

7 0

3 years ago

A T-bill quote sheet has 90-day T-bill quotes with a 5.77 ask and a 5.71 bid. If the bill has a $10,000 face value, an investor

Leona [35]

Answer:

a. $9,857.25

Explanation:

Price = Face value * (1 - Bid*Days/360)

Price = $10,000 * (1 - 5.71%*90/360)

Price = $10,000 * (1 - 5.71%*0.25)

Price = $10,000 * (1 - 0.014275)

Price = $10,000 * 0.985725

Price = $9,857.25

6 0

3 years ago

How do economists define marginal benefit for an individual￼

How do economists define marginal benefit for an individual