An internal request for supplies is called

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

The most recent financial statements for Alexander Co. are shown here: Income Statement Balance Sheet Sales $ 45,650 Current ass

Law Incorporation [45]

Answer:

$4,533.05

Explanation:

Return on equity (ROE) = Net income / Equity

Return on equity (ROE) = $6,992 / $50,300

Return on equity (ROE) = 13.9%

Retention ratio = 1 - Dividend payout ratio

Retention ratio = 1 - 35%

Retention ratio = 65%

Sustainable growth rate = [13.9%*65%] / [1 - 13.9%*65%]

Sustainable growth rate = 0.09035 / 0.90965

Sustainable growth rate =0.09932392

Sustainable growth rate = 9.93%

Maximum dollar increase = Sales * Sustainable growth rate

Maximum dollar increase = $45,650 * 9.93%

Maximum dollar increase = $4,533.05

5 0

3 years ago

Whole milk is one of the joint products in a joint manufacturing process. Management is considering whether to sell the whole mi

Karo-lina-s [1.5K]

Answer:

Option (b) : I, II, III, and IV

Explanation:

As per the data given in the question,

In order to evaluate weather a product is sold at a split-off point or can be further processed, the joint processing costs that have already been obtained will have no effect on the decision because the costs and revenues that will be acquired and obtained after consideration will have to be decided whether to continue processing or not. The sunken cost is the cost of processing jointly. Therefore it will not affect the decision to process further or not.

Hence, Option (b) : I, II, III, and IV is correct answer

7 0

3 years ago

Group Leader” is an example of ____________.

grin007 [14]

The answer is D. A leadership role

a leadership role is a role that is given to someone that make him/her become responsible to lead the other team members to achieved their goals, whether through instructions, teaching, or encouragement. Which is also a role of a group leader

6 0

3 years ago

The term potential output refers to:

vagabundo [1.1K]

Answer: Option D

Explanation: As per the subject matter of economics potential output can be defined as the total value of product and services produced in an economy in respect of real GDP terms. It is that level of GDP that can be sustained over the long period of time.

From the above explanations we can conclude that option D is correct.

6 0

4 years ago