During which stage of the product life cycle does a company typically expand its product mix?

A consumer makes purchases of an existing product X such that the marginal utility is 10 and the price is $5. The consumer also

Novosadov [1.4K]

Answer:

Increase the consumption of product Y and decrease the consumption of product X.

Explanation:

Utility-maximizing rule states that a consumer is maximizing its utility at a point where the marginal utility per dollar spent equal for both the products.

Marginal utility per dollar for Product X:

$\frac{MU_X}{P_X}=\frac{10}{5}$

= 2 utils per dollar

Marginal utility per dollar for Product Y:

$\frac{MU_Y}{P_Y}=\frac{8}{1}$

= 8 utils per dollar

Here, the utility-maximizing rule suggests that this consumer should consume more of product Y and less of product X.

4 0

4 years ago

Bellingham Company produces a product that requires 2.3 standard pounds per unit. The standard price is $3.45 per pound. 15,700

Andru [333]

Answer:

A) Price 7,080 U

B) Quantity 4,630.5 U

C) Total 11.710,5‬ U

Explanation:

DIRECT MATERIALS VARIANCES

$(standard\:cost-actual\:cost) \times actual \: quantity= DM \: price \: variance$

std cost $3.45

actual cost $3.65

quantity 35,400

difference $(0.20)

$(0.2) \times 35,400 = DM \: price \: variance$

price variance $(7,080.00)

$(standard\:quantity-actual\:quantity) \times standard \: cost = DM \: quantity \: variance$

std quantity 36110.00

actual quantity 35400.00

std cost $3.45

difference 710.00

$(710) \times 3.45 = DM \: quantity \: variance$

quantity variance $2,449.50

Total Variance: 2,449.5 - 7,080 = -4.630,5‬

8 0

4 years ago

HW13. Suppose that you begin saving up to buy a car by depositing a certain amount at the end of each month in a savings account

Lana71 [14]

Answer:

$256.31

Explanation:

Interest rate per annum = 3.6%

Number of years = 4.5

No of payment per annum = 12

Interest rate per period 3.6%/12 = 0.3%

Number of period = 4.5*12 = 54

FV of annuity = 15,000

Deposit in each month (P) = FVA / ([1+r)^n - 1]/r)

Deposit in each month (P) = 15,000 / ([1+0.3%]^54 - 1) / 0.3%)

Deposit in each month (P) = 15,000 / ([1.003^54 - 1]/0.003)

Deposit in each month (P) = 15,000 / (1.175575 - 1/0.003)

Deposit in each month (P) = 15,000 / (0.175575/0.003)

Deposit in each month (P) = 15,000 / 58.525

Deposit in each month (P) = 256.3007262

Deposit in each month (P) = $256.31

3 0

3 years ago

A company purchased $4,000 worth of merchandise. Transportation costs were an additional $350. The company later returned $275 w

Contact [7]

Answer:

D. $ 4,000.50

Explanation:

Purchase of merchandise $ 4,000

Return of merchandise $ (275)

Net purchase of merchandise $ 3,725

Discount allowed @ 2 % of $ 3,725 $ (74.50)

Add: Transportation costs allowed $ 350

Total amount paid to merchandise $ 4,000.50

The merchandise returned is considered to determine the net purchases. Since the payment was made on the payment terms and discount is availed, that is also reduced.

The transportation costs is also added to the cost of the merchandise

4 0

3 years ago

A person does not need contractual capacity to be an agent. a. False b. True

mixas84 [53]

B which would be false

4 0

2 years ago