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3 years ago

According to law of Diminishing Marginal Utility, which of the following is true?

Business

2 answers:

olya-2409 [2.1K]3 years ago

7 0

Answer:

Correct option is

as the consumption of a given product rises, the added benefit eventually diminishes

Law of diminishing marginal utility is based on psychological law that as more and more units of a commodity is consumed, marginal utility derived from every successive unit will decline in respect to all goods with a few exception.

Explanation:

Hope's it helps you

bearhunter [10]3 years ago

4 0

Answer:

The additional satisfaction received from consuming extra units of a good

decreases as consumption of the good increases

Explanation:

Marginal utility is important.
It is based on a psychological law .
It states that as more as more as consumed goods decreases and marginal utility increases.
On vice versa .As consumed goods increases then marginal utility decreases.

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Identify economic system of South Africa

Oksi-84 [34.3K]

DONT PRESS THAT LINK IVE SEEN IT EVERYWHERE

8 0

3 years ago

On April 1, a company paid the $1,350 premium on a three-year insurance policy with benefits beginning on that date. What amount

inn [45]

Answer:

$337.50

Explanation:

the premium on a three year policy = $1,350

premium per year = $1,350 / 3 = $450

premium per month = $450 / 12 = $37.50

Since the premium covered April to December, 9 months of insurance expense are accrued.

insurance expense for 9 months = $37.50 x 9 = $337.50

The journal entries should be:

April 1, purchase a 3 year insurance policy:

Dr Prepaid insurance 1,350

Cr Cash 1,350

December 31, accrued insurance expense:

Dr Insurance expense 337.50

Cr Prepaid insurance 337.50

8 0

3 years ago

According to the producer price index database maintained by the Bureau of Labor Statistics, the average cost of computer equipm

Alika [10]

Answer:

2015 37.7

2016 12.9

B. Yes

Explanation:

Computation of the times interest earned ratios for 2016 and 2015

First step is to find the EBIT

EBIT: 2016 $ 2015 $

Gross profit 44,500 58,400

Less Selling, General and Administrative expenses (36,900) (38,800)

EBIT 7,600 19,600

Second step is to compute the times interest earned ratios for 2016 and 2015 using this formula

Time interest earned = EBIT / Interest expense

Let plug in the formula

Time interest earned 2016 2015

EBIT $7,600 $19,600

÷Interest expense $590 $520

=Time interest earned 12.9 37.7

Therefore the Time interest earned will be :

2015 37.7

2016 12.9

2. Yes Computer Tycoon generate sufficient net income in both 2015 and 2016 before taxes and interest in order to cover the cost of debt financing.

8 0

4 years ago

Morganton Company makes one product and it provided the following information to help prepare the master budget:

yanalaym [24]

Answer:

Budgeted sales for July = $60*29000=$1740000

Expected Cash Collection :30%*1740000=$522000

Explanation:

Budgeted Cash sales for July =$6*29000=$1740000

Expected cash collection for July =70%(60*9800)+30%(1740000)

411,600+522,000=933,600

Account receivable at the end of July =70%*1740000 = $1,218,000.

Units produced in July = 80% * 29000+20%*31000 =29400

5) (10% * 124800 )+90%(4*29400)=12480+105840=118,320

6) 118320*2.5=$295,800

7)(70%*152,160)+(30%*295,800)=106512+88740=$192,252

8) 70%*29580$207,060

9)10%*124800=12,480

10)29400*2*15=$882,000

11)(29400*2*7)+882000=1,293,600/29400=$43.98

12)(20%*31000*2*15)+ (20%*31000*7)= 186000+43,400=229,400

13)Cost of goods sold = 1,293,600

Gross Margin =1,740,000-1,293,000=$447,000

14)68000+(1.8*29000)=$120,200

15) (29000*60)-(1,293,600) - (1.8*29000)-68,000=$326,800

3 0

4 years ago

When researching a specific job, what information should you be looking for?

lozanna [386]

When researching a specific job, you should look at the organization’s mission and vision, what the recent achievements and news are, the positions and fields that are included with the job, and the community and employees!

Hope this helps! :) have a blessed day.

3 0

3 years ago

Read 2 more answers