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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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[5] According to the FASB’s conceptual framework, which of the following best describes the distinction between expenses and los
PIT_PIT [208]

Answer:

D. Losses result from peripheral or incidental transactions, and expenses result from ongoing major or central operations of the entity

Explanation:

The expenses represent the cash outlow or liabilities taken to carry out the activities to continue his operations.

While the Gains and Losses are incidental transactions or other events which are not controlled by the entity management. They aren't the outcome of the company's decisions. Thus, they could arise from changes in price of real state, equipment, tecnology breakthrough which means equipment obsolete and so on.

7 0
3 years ago
The purpose of preparing a direct materials budget is to ________. multiple choice 1 allocate the cost of raw materials to produ
Eduardwww [97]

Answer:

1. estimate the quantity of raw materials to be purchased.

2. ending raw materials inventory for the last period.

Explanation:

A budget is a financial plan used for the estimation of revenue and expenditures of an individual, organization or government for a specified period of time, often one year. Budgets are usually compiled, analyzed and re-evaluated on periodic basis.

The first step of the budgeting process is to prepare a list of each type of income and expense that will be part of the budget.

The final step by the management of an organization in the financial decision making process is making necessary adjustments to the budget.

The benefits of having a budget is that it aids in setting goals, earmarking revenues and resources, measuring outcomes and planning against contingencies.

1. The purpose of preparing a direct materials budget is to estimate the quantity of raw materials to be purchased. This includes the raw materials that would be used for the manufacturing of finished goods.

2. In a direct materials budget, the desired ending raw materials inventory for the year is equal to the ending raw materials inventory for the last period.

3 0
3 years ago
_____________- is a cultural orientation in which people belong to loose social frameworks and their primary concern is for them
Nat2105 [25]

Answer:

c. Individualism

Explanation:

Individualism -

It refers to the type of inclination toward an individual in terms of social, or ideology outlook , political philosophy and moral stance , is referred to as individualism .

These type of people lives by only one type of goal and desire .

And , these people tends to divert their mind towards their family and children rather than the society .

Hence, from the given statement of the question,

The correct term is individualism.

6 0
4 years ago
a. a marketing firm is looking for a candidate with a business degree and at least five years of work experience. multiple choic
Usimov [2.4K]

A. A marketing company is seeking an applicant with a business degree and at least five years of professional experience. An intersection.

B. A family has made the decision to buy a Honda or Toyota minivan. a union.

<h3><u>What exactly is a marketing firm?</u></h3>

Effective marketing strategies are developed and put into action with the aid of marketing agencies. This frequently starts with marketing research to determine what aspects of the current marketing strategy are working and which ones are not, then moves on to demographic research to develop an accurate picture of the ideal client.

A marketing company can help you create and implement a plan for specific marketing campaigns, assess their effectiveness, and develop an overall marketing strategy once it has a clear understanding of who you are marketing to and what you have already tried to do to reach them.

Learn more about marketing with the help of the given link:

brainly.com/question/14779288

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7 0
1 year ago
Skyler Manufacturing recorded operating data for its shoe division for the year. Sales $4,500,000 Contribution margin 500,000 Co
Anna71 [15]

Answer:

Controllable margin= $300,000

Controllable margin in %= 33.3%

Explanation:

Controllable margin is sales revenue less controllable variable costs and fixed cost.

Controllable margin= Sales revenue - controllable variable cost - controllable fixed costs

Controllable margin= contribution margin - fixed costs

                                     = 500,000 - 200,000= 300,000

Controllable margin in %= 300,000/900,000 × 100 =33.3%

Controllable margin in %= 33.3

3 0
3 years ago
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