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kvv77 [185]
3 years ago
15

From an economic perspective, when a consumer decides to buy more life insurance, the consumer has most likely concluded that th

e marginal rev: 05_10_2018 Multiple Choice cost of more insurance coverage is less than the marginal benefit. cost of more insurance coverage is negative. benefit of more insurance coverage is greater than the total benefit. cost of more insurance coverage is equal to the payment for the extra coverage.
Business
1 answer:
son4ous [18]3 years ago
4 0

Answer:

a. Cost of more insurance coverage is less than the marginal benefit

Explanation:

The marginal cost is the cost producers incur by the production of one more good. The marginal benefit of a good on the other hand is the utility received from the purchase of one more good or service. If a consumer perceives that the worth of good is less than the market price then they would not make that transaction. However, when the consumer has decided to buy more life insurance s/he is convinced that the marginal benefit from purchasing that good would be higher than the marginal cost of that good.

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Excom sells radios and each unit carries a two-year replacement warranty. The cost of repair defects under the warranty is estim
Stels [109]

Answer:

D. $358

Explanation:

The computation of the Product Warranty Expense is shown below:

= Number of radios sold × selling price per radios × estimated warranty percentage

= 132 radios × $54 × 5%

= $356.40

i.e $358 approx

By multiplying the number of radios sold with the selling price and the estimated warranty percentage we can get the product warranty expense  58

6 0
3 years ago
Shawn has asked you for some advice regarding the use of social networking in the workplace. Which of the following is good advi
Nana76 [90]

Answer:

Establish boundaries, and don't share information online that you wouldn't share openly in the office.

Explanation:

Shawn is looking for advice on the use of social networking in the workplace, the best advice is to establish boundaries, and don't share information online that you wouldn't share openly in the office.

Establishing boundaries means that personal information that is sensitive should not be shared using this channel, as it can be seen to be unprofessional in the workplace.

Sharing of information should be with a professional mind set, one should not assume that content is protected on social media. So only post what you can openly share in the office, and avoid controversial topics that can put one in a bad light in the office.

7 0
3 years ago
The video suggests that a key challenge for​ Goodwill's marketers is to change the view of many consumers that secondhand stores
Nikolay [14]
Beliefs because that's what they think is correct in other words believe what is correct.
7 0
3 years ago
Read 2 more answers
Under U.S. GAAP, if the carrying value of a fixed asset was $50,000, the undiscounted expected future cash flows was $55,000, th
ira [324]

Answer:

$0

Explanation:

According to US GAAP the reduction in the value of the asset due to a decrease in the fair value. It means when fair value of the asset is reduced than the book value of the asset.

Amortized Cost / Book value = $50,000

Market Value = $53,000

Discounted Value = $51,000

There is no Impairment loss on this asset as the fair market value is more than the book value of the asset.

7 0
3 years ago
Read 2 more answers
if average demand for invenrory item is 200 units per day lead time is three days and safety stock is 1-- units the reorder poin
Ronch [10]

please do you mean 1 unit for safety stock or 100 units, will solve for both

Answer:when safety stock =1, Reorder point= 601 units

when safety stock =100,  Reorder point= 700 units

Explanation:

Reorder Point (ROP), also called  reorder level, is the point  of inventoryset by a busness  in which it replenishes its stock of items.

given:

Average demand= 200

lead time = 3

when safety stock =1

Reorder point= (Average demand X Delivery lead time ) + Safety stock

                = (200 x 3 ) +1 = 601 units

when safety stock = 100

   Reorder point= (Average demand X Delivery lead time ) + Safety stock

                = (200 x 3 ) +100 = 700 units              

6 0
3 years ago
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