The amount spent on these items is based on preference and the availability of resources available to us. It should be noted that you'll have to spend on a need more than a want due to the limited resources that are available to us.
<h3>What is a consumer's need?</h3>
In economics, a need refers to anything individuals require to exist. It is considered to be necessary and important for the functioning of life. Examples include:
- Food,
- Water, and
- Shelter.
However, a want is anything that is desired. A want is anything that will enhance your living experience and level of happiness. In economic terms, it is described as an individual's insatiable desire to own items or services that provide fulfillment.
From the information given:
Eating at a restaurant, or gas to go on vacation is not a necessity, so it may be referred to as something you want.
The amount spent on these given items is based on preference and the availability of financial resources available to us.
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<span>If it is unable to obtain any additional reserves, it must reduce deposits and money supply by $500 Million.
$50 Million x 10 = $500 Million.
(10% of $500 Million = $50 Million)</span>
Answer:
<em>Product X and Z should be processed further because the additional sales revenue is greater that further processing cost which leads to a profit. </em>
<em>Product Y should not be processed further because doing so would lead to a loss</em>
Explanation:
WP Corporation should process further a product if the additional revenue from the split-off point is greater than than the further processing cost.
Also note that all cost incurred up to the split-off point (i.e $92,000) are irrelevant to the decision to process further .
X Y Z
Sales value at split of point 23 24 25
Sales value after split off point <u> 27</u> <u> 27 </u> <u>32</u>
Additional sales value 4 3 7
Further processing cost <u>( 2)</u> <u>( 4 ) </u> <u>( 4)</u>
Net income?(loss) 2 (1 ) 3
Product X and Z should be processed further because the additional sales revenue is greater that further processing cost, which leads to a profit.
Product Y should not be processed further because doing so would lead to a loss
Ryan receives a coupon on his iPhone advising him about the location of a taco bell store. this is an example of which required for marketing to occur a way for parties to communicate.
Advertising and marketing refer to activities a company undertakes to promote the shopping for or selling of a product or service. Advertising includes advertising, promoting, and turning in merchandise to purchasers or different businesses. Some advertising is completed by using associates on behalf of an organization.
Advertising is the method of exploring, creating, and turning in value to meet the desires of a goal market in terms of products and offerings; doubtlessly along with a choice of a target audience; choice.
Marketing is the pastime, set of establishments, and approaches for growing, communicating, turning in, and changing offerings which have fees for customers, clients, partners, and society at massive.
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D) 2.40 is the correct answer to this question