Answer:
Price of y(Py)=$2 per unit
Explanation:
Marginal utility can be defined as the additional utility of a consumer as a result of the additional unit of goods consumed.
Let
Marginal utility of x= MUx
Marginal utility of y=MUy
Price of x=Px
Price of y=Py
Given
MUx=40 utils
MUy=16 utils
Px=$5
Py=?
Then,
MUx/Px=MUy/Py
40utils/$5=16 utils/Py
8 utils/$ =16utils/Py
Make Py subject of the formula by cross multiplying
Py×8= 16
Py=16/8
Py=$2 per Unit
Price of y=$2 per unit
When a company price gouges they are increasing the price of a good or service in relation to the demand or supply of the item. If there is an anti-price gouging law in place, that means that a company is not allowed to change the price of their product even when the market for it is high.
Answer:
Given that,
Amount paid = $72,000
Time period = 6-months
As cash is received it is debited and unearned revenue is credited as it is treated as liability until service is provided.
Therefore, the journal entry for this transaction is as follows:
Cash A/c Dr. $72,000
To unearned revenue A/c $72,000
(To record the unearned revenue)
Answer:
sales forecasting
Explanation:
Sales forecasting is a mathematical tool or process to estimate the amount of sales for a product over a given period of time.
Sales forecasts helps companies to make better business decisions so as to analyse the short-term and long-term performance.
The basis for the forecast are generally the past sales data of the product, industry-wide comparisons, and the economic trends for the related products.
D. All of the above
Omitting I, me, and my will make the resume more effective.
