Answer:
c. Subtract total satisfaction from consuming N - 1 (first) products from total satisfaction from consuming N products
Explanation:
By definition, marginal utility of consuming one more unit of product or service is the additional satisfaction of consuming that unit of product or service.
That additional satisfaction from (consuming) the Nth products = total satisfaction from (consuming) all N products - satisfaction from consuming (first) N - 1 products
(first) should be added, because you are finding the satisfaction from the last consumed product.
Answer:
Net income of Y3K, Inc. is $155.83
Explanation:
Debt-to-equity ratio is calculated by using formula:
Debt-to-equity ratio = Total debt (or liabilities)/Total equity
Total debt (or liabilities) = Debt-to-equity ratio x Total equity = 1.1 x Total equity
Basing on accounting equation:
Total assets = Total liabilities + Total equity = 1.1 x Total equity + Total equity = 2.1 x Total equity
Total equity = Total assets/2.1 = $2,975/2.1
Return on equity (ROE) = Net income/Total equity
Net income = Return on equity (ROE) x Total equity = 11% x ($2,975/2.1) = $155.83
<u>Explicit</u> costs are the monetary payments made for market-supplied inputs while <u>implicit</u> costs are non-monetary opportunity costs.
Market, a means by using which the alternate of goods and offerings takes location as a result of shoppers and dealers being in touch with one another, both without delay or through mediating dealers or establishments.
A market is an area in which consumers and sellers can meet to facilitate the alternate or transaction of goods and offerings. Markets can be physical like a retail outlet, or digital like an e-store. Different examples encompass illegal markets, auction markets, and financial markets.
The definition of a market is an area in which you go to buy matters or a call for a specific item. An example of a marketplace is a grocery save or a farmer's marketplace where stands are set up and fruits and vegetables are sold.
Learn more about the market here brainly.com/question/906651
#SPJ4
Answer:
Instructions are listed below.
Explanation:
Giving the following information:
Each unit requires 0.25 direct labor-hours and direct laborers are paid $14.00 per hour. In addition, the variable manufacturing overhead rate is $1.60 per direct labor-hour. The fixed manufacturing overhead is $95,000 per quarter.
Direct labor per unit= 0.25*14= $3.5
Direct labor equation= 3.5*x
x= units produced
For example:
100 units
Direct labor= 3.5*100= $350
Answer: Underallocated for the year by $18,750
Explanation:
Company uses Predetermined overhead rate based on machine hours so;
Applied manufacturing overhead = Predetermined overhead rate * Actual machine hours
Predetermined rate = Estimated manufacturing overhead cost / Estimated machine hours
= 550,000/40,000
= $13.75 per machine hour
Applied manufacturing overhead = 13.75 * 35,000
= $481,250
Actual Manufacturing Overhead Cost = $500,000
= Applied Overhead - Actual Overhead
= 481,250 - 500,000
= -$18,750
This means that manufacturing overhead was underallocated for the year by $18,750
