Answer: B- the change in total utility from consuming one more unit of a good
Explanation: Marginal utility is the change in utility that arises from consuming one more unit of a good or service.
Utility is the total satisfaction that occurs from consuming a commodity or service.
Average utility is total utility divided by the number of goods consumed.
Answer:
1.- The operating income would <u>increase </u>for $680
2.- The operating income would <u>decrease</u> for $680
3.- The Operating Income would be $59,500
Explanation:
We are going to use the contribution margin per unit
<u>This way we avoid most of the calculations</u>
1.- Contribution Margin x ΔUnits = ΔOperating Income
CM per units 17 x 40 = <em>680</em>
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2.- Contribution Margin x ∨Units = ∨perating Income
CM per unit x (-40) = <em>-680</em>
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3.- Contribution Margin x Sales Volume - Fixed Cost = Operating Income
17 x 6,800 - 55,700
115.600 - 55,700 =<em> 59,900</em>
Answer:
Jill cannot hold the manufacturer responsible for her injury.
Explanation:
The above question is incomplete as there are several answer options which are listed below;
• Jill can hold the manufacturer liable for her injury as long as Lexi was in the room when she got
• Jill can hold the manufacturer liable for her injury
• Jill cannot hold the manufacturer responsible for her injury
• Lexi can hold the manufacturer liable for Jill's injury.
The above answer - Jill cannot hold the manufacturer responsible for her injury, is true according to the rule of privity of contract. The rule states that a person who is not a party to a contract does not have right to sue or be sued and to enforce the obligations arising from the contract, unlike a person who is a party to the contract.
With regards to the above scenario, Lexi, who buys a food processor is the party to the contract here, hence can sue and be sued in case of any injury suffered by her, however, Jill whom food processor was loaned to, is the third party here, hence not covered by the rule of privity of contract.
It would have to be C. For answer A, people going into debt while not being able to pay back te money caused bank failures (Credit). B looks like the same as A, risky loans made by banks to people who are unable to pay them off. Answer C is incorrect because MANY people were not aware of the stok market crash and asked their broker to hand them money. When the broker issued a frantic margin call, other brokers started calling and pretty much everyone had to sell at the same time, which issued the crisis. D is correct and is still happening today.
