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ki77a [65]
3 years ago
6

Christine has purchased five bananas and is considering the purchase of a sixth. It is likely she will purchase the sixth banana

if ______________
a. the marginal value she gets from the sixth banana is lower than its price.
b. the marginal benefit of the sixth banana exceeds its price.
c. the average value of the sixth bananas exceeds the price.
d. the total personal value of six bananas exceeds the total expenditure to purchase six bananas.
Business
1 answer:
Anuta_ua [19.1K]3 years ago
7 0

Answer:

b. the marginal benefit of the sixth banana exceeds its price.

Explanation:

Consumer consumes a commodity only until: that commodity consumption yields him/ her more or at least equal satisfaction than the - dissatisfaction from loosing money (price) spent at that commodity.

Marginal Benefit is in terms of Marginal Utility i.e Additional Satisfaction that consumer gains from consuming an additional unit of a commodity.

So, Christine will purchase 6th Banana only if additional satisfaction from that additional banana's consumption > dissatisfaction owing to price cost paid for it.

If Marginal Value < Price, its satisfactory loss making for her & she will rather reduce banana consumption. Average & Total Values are not apt tools to analyse the case.

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Chester Company has established internal control policies and procedures in order to achieve the following objectives:
Trava [24]

Answer:

B) Objectives 2 and 3

Explanation:

Accounting controls are procedures that help a company ensure the validity and accuracy of its financial statements.

Therefore, one of the main priorities of accounting controls would be to make sure that accounting records are correct. By ensuring the validity of accounting records, the company's assets are safeguarded, since the possibility of something missing or being incorrectly recorded diminishes.

4 0
3 years ago
You hire an experienced pet industry executive to consult with you both throughout the process. In your first meeting, she prese
Lisa [10]

The correct answer is B; Specialty store.

Further Explanation:

Since the client hired a pet industry consultant you can guess that the store is about pets. The market analysis and trend report will show how much stores with pet supplies makes per month/year.

The client is opening their first store and will not want to open a superstore right out of the gate. Since they will not be known to many and it is worded like it an individual opening the store by themselves.

A category killer store is a like a franchise or chain store. For example, a Home Depot or PetSmart. The client will not want to do this either since it takes a lot of capital and lengthy process to achieve.

The client will want to go with a specialty store to build up a customer base and focus on the items they want to bring to new customers. A specialty store will bring in the clientele that they are targeting. The specialty store will have items that larger stores do not have and can carry homemade items also.

Learn more about specialty stores at brainly.com/question/11950122

#LearnwithBrainly.

5 0
3 years ago
A depreciation of the u. S. Real exchange rate induces u. S. Consumers to buy:.
Galina-37 [17]

A depreciation of the u. S. Real exchange rate induces u. S. Consumers to buy more domestic goods and fewer foreign goods.

<h3>What is depreciation?</h3>

This is a term that is used to refer to the fall in the value of a currency. It is a fall in the currency of a country compared to that of other currencies.

At a time where there is a depreciation, people would want to buy more of the goods that are made in their country.

Read more on depreciation here:

brainly.com/question/25297296

8 0
2 years ago
11. Using a hypothetical but specific example, explain how the perceived value of an item may differ from person to person.
notka56 [123]

Answer:

Aperson with better financial ability would have a less perceived value than someone with lesser financial ability. For example, a celebrity could buy a piece of clothing (jeans,shirts, jackets, etc.) for $100 and it would be nothing to them. But to someone working a regular 9 to 5 job, that would be an excessive amount of money to spend on one piece of clothing.

Background image

3 0
3 years ago
What is the purpose of the Federal Trade Commission (FTC)?
aliya0001 [1]
I don’t know sorryyyy
3 0
3 years ago
Read 2 more answers
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