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Margarita [4]
3 years ago
7

A consumer is attempting to maximize utility in her consumption of Goods A and B. If her income and the price of Good A do not c

hange, but the price of Good B decreases, this will:
Business
1 answer:
ycow [4]3 years ago
5 0

Answer:

In this section, we are going to take a closer look at what is behind the demand curve and the behavior of consumers. How does a consumer decide to spend his/her income on the many different things that he/she wants, i.e., food, clothing, housing, entertainment? We assume that the goal of the consumer is to maximize his/her level of satisfaction or joy, constrained by his/her income.

Economists use the term utility as a measure of satisfaction, joy, or happiness. How much satisfaction does a person gain from eating a pizza or watching a movie? Measuring utility is based solely on the preferences of the individual and has nothing to do with the price of the good. Let’s do an experiment in utility.

Step 01: Get some of your favorite candy, pastries, or cookies.

Step 02: Take a bite and evaluate, on a scale from 0 to 100 (with 100 being the greatest utility), the level of utility from that bite. Record the marginal utility of that bite (i.e., how much you get from that one additional bite).

Step 03: Repeat step 02. It is important to be consistent with each unit consumed, i.e., the same size and no drinking milk or water part way though. When you run out of candy or your marginal utility goes to zero you can stop.

Law of Diminishing Marginal Utility

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What does a speech-language pathologist do?
klasskru [66]

Answer:

they help treat and prevent disorders affecting an adult or a childs swallowing.

Explanation:

so basically, people who have trouble speaking or swallow alot while trying to speak see a speech-language pathologist to get treatment to be able to prevent this from happening and improving their speech. Not all cases have to do with swallowing sometimes its just a persons speech itself, sometimes even lisps.

3 0
3 years ago
In the short​ run, if the marginal product is at its​ maximum, then the A. average variable cost is at its minimum. B. average c
shutvik [7]

Answer:

D. The marginal cost is at its minimum

Explanation:

Marginal Cost is the additional cost of producing an additional unit of output. Thus if the marginal product is at its maximum, the marginal cost will be at its minimum

8 0
3 years ago
Bryant Company has a factory machine with a book value of $90,800 and a remaining useful life of 7 years. It can be sold for $27
Usimov [2.4K]

Answer:

The old machine should be retained.

Explanation:

\left[\begin{array}{cccc}&continue&replace&Differential\\Proceeds \: from \: sale&0&27,200&27,200&Cost:&&&&purchase&0&-407,400&-407,400&manufacturing\:cost&-4,480,700&-4,422,600&58,100&Total \:cost&-4,480,700&-4,830,000&-349,300&Net&-4,480,700&-4,802,800&-322,100&\end{array}\right]

The old machine should be retained.

The differential analisys shows <u>cost will increase 322,100 if replaced.</u>

<u />

The sale from the old machine is an income for the relacement alternative.

the cost of the new machine is an expense

the value of the 7 years of manufacturing cost show a cost saving for 58,100

this savings, along with the proceeds from the old machine, doesn't cover the acquisition of the new machine. It is a bad investment.

6 0
4 years ago
Duluth Co. collected a $6,000 cash advance from a customer on November 1, 2016 for work to be performed over a six-month period
uysha [10]

Answer:

c. Decrease liabilities and increase revenues.

Explanation:

Duluth Co. collected a $6,000 cash advance from a customer on November 1, 2016 for work to be performed over a six-month period beginning on that date.

If the year-end adjustment is properly recorded, the effect of the adjusting entry on Duluth's 2016 financial statements will be a decrease in liabilities and increase in revenues.

This will be the case because when Duluth Co. collected a $6,000 cash advance from a customer on November 1, it would have passed the following entries:

Dr Cash................$6000

Cr Prepaid Revenue...$6000

But note that 'prepaid revenue' is a liability which is why it has a credit balance.

By year end, the adjustment will be to take credit to revenue for 2 months that has elapsed for November and December, which is 2/6 x $6000.

Hence the entry will be:

Dr. Prepaid Revenue.....$2000

Cr. Revenue....................................$2000

which implies that the liability of prepaid revenue has reduced and revenue has increased

4 0
3 years ago
What are the costs and benefits of the taxes that ty and his wife experienced on this trip?
AysviL [449]

Ty and his wife paid a sales tax on the T-shirts they bought. That money probably helps fund the public park they visited. Similarly, they will pay money to the government in the form of property taxes, and some of that money will fund the local schools.

What sales tax means?

A sales tax is a charge that is added to both the price of goods and services sold to businesses and the price of the same goods and services purchased by consumers. Because it is a type of consumption tax, consumers are charged for their purchases.

What is property tax?

Property tax is a charge made on real estate that is owned by a person, a business, or another type of legal body. Property tax is most frequently a real estate ad-valorem tax, which is regarded as a regressive tax. It is computed by the local government in the area where the property is situated, and the owner is responsible for paying it.

Learn more about property tax: brainly.com/question/15227817

#SPJ4

The correct question is:

As you read the following paragraph, think about the purpose and idea behind the taxes discussed. Then answer the question that follows.

Ty just received a job offer in a new city. He is married with two small children. He and his wife go to visit the city and find a place to live. Their children will be in school in a few years. While on the trip, they visit a beautiful public park for the kids. They encounter one type of tax when they buy a few souvenir T-shirts: the shirts are on sale for $10, but Ty ends up paying $11.00 after the sales tax is added. Later, they encounter a second type of tax. When Ty and his wife meet with their real estate agent, the agent tells them that the property taxes they will pay on their new home are higher than the taxes on their old home. However, the agent says the government funds the schools in the area well, and the schools are high quality.

What are the costs and benefits of the taxes that Ty and his wife experienced on this trip?

5 0
2 years ago
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