Answer:
Sharon is trying to maximize her marginal utility under the fixed budget.
Explanation:
She is buying exactly twice as many orange juices than sodas, because her marginal utility from juice is twice as much as her marginal utility from soda (60 x 30).
She is considering the marginal utility above the price when making her purchase decisions, because while orange juice provides more utility, it is also more expensive than sodas ($2.00 per bottle vs $1.00 per bottle).
The answer would be the stock price will decrease. The reason behind this is the original price replicates an expectation or looking forward of a 25% upsurge in the company’s earnings. The actual increase is a dissatisfaction compared to original expectations.
Answer:
$750 Unfavorable
Explanation:
The calculation of variable overhead efficiency variance is shown below:-
Variable overhead efficiency variance = (Actual direct labor hours - Standard hours allowed) × (Variable factory overhead ÷ Factory overhead rate)
= (10,000 hours - 9,500 hours) × ($18000 ÷ 12000)
= 500 hours × $1.5
= $750 Unfavorable
Therefore for computing the variable overhead efficiency variance we simply applied the above formula.
Answer:
a. 17.5
b. 12
Explanation:
Given that
Marginal cost = $100
The computation of optimal contract length is given below :-
Marginal benefit = Marginal cost (length
)
a. $100 = 30 + 4L
L = 70 ÷ 4
= 17.5
b) 100 = 40 + 5L
L = 60 ÷ 5
= 12
Therefore, for calculating the optimal contract length simply we calculate both the equations equals with marginal benefit to the marginal cost (length)
Answer:
True
Explanation:
because 1 person can't control a huge company or business
