The lack of property rights
<span>Retired people reported the least amount of stress during 1983, 2006, and 2009. Retired people obviously do not have to deal with the stress of a career or job, they most likely do not have to raise children and they are free to engage in any pleasurable activity they please.</span>
Answer:
Therefore, the change in total contribution margin is equal to change in net operating income, so there is no change in fixed expenses and will not be affected.
Explanation:
The computation as per given question is given below:-
Variable cost per unit
= $48 + $65
= $113
Contribution margin per unit
= $240 - $113
= $127
Unit Monthly sales
= 1,500 + 240
= 1,740
Total contribution margin
= 1,740 × $127
= $220,980
Total contribution margin
= 1,500 × $192
= $288,000
So, change in total contribution margin and net operating income
= $288,000 - $220,980
= $67,020
Therefore, the change in total contribution margin is equal to change in net operating income, so there is no change in fixed expenses and will not be affected.
The advantage of a free market economy is that when it works it can both be reward and perpetuate innovation But they are inherently more risky and does tend to favor those more capital and resources . In an Economic make system with multiple equilibria coordination failure occurs when a group of firms could achieve a more desirable equilibrium but fail to because they do not coordinate their decision making
Answer:
Paul is not maximizing his utility because MUd/Pd is greater than MUb/Pb
Explanation:
Marginal utility is the extra satisfaction derived from spending an additional unit of money on consuming a particular product or service.
In order to determine if he is maximizing his utility, we must calculate his utility per dollar, and this is done by dividing his Marginal Utility by the price.
Marginal Utility per dollar of DVDs is:
MUd/Pd = 23/11 = 2.09
Marginal Utility per dollar of books is:
MUb/Pb = 5/3 = 1.67
Utility is maximized when MUd/Pd is equal to MUb/Pb and Paul has exhausted his budget.
