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3 years ago

How does marginal utility affect demand?

Business

1 answer:

sineoko [7]3 years ago

7 0

Answer:

Law of Demand

The price a consumer is willing to pay for a good depends on his marginal utility, which declines with each additional unit of consumption, according to the law of diminishing marginal utility. Therefore, the price decreases for a normal good when consumption increases.

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Zone of acceptance refers to consumers': Select one:

sesenic [268]

Answer:

Letter a is correct. Acceptable range of prices for any purchase situation.

Explanation:

The purchase decision process is a systematic model that represents the rational or irrational steps a consumer goes through before making a purchase. These steps are related to solving needs, searching for information, evaluating similar alternatives, and post-purchase behavior.

The zone of acceptance is a step regarding the price range that the consumer is willing to pay for a particular product or service, and is influenced by each step of the consumer's buying decision.

6 0

4 years ago

Why does a business cycle diagram serve as a forecasting model

Tanzania [10]

Answer:

puedes poner la pregunta en españo?

8 0

3 years ago

Suppose a local company has the following balance sheet accounts. Calculate the missing amounts assuming the business has total

OLga [1]

Answer:

Equipment = $16,000

Notes payable = $18,000

Explanation:

Total assets = Land + Equipment + Supplies + cash + prepaid rent

Equipment = Total assets - Land - Supplies - cash - prepaid rent

= $37,500 - $9,000 - $2,100 - $7,200 - $3,200

= $16,000

Total assets = Total liabilities = Shareholder's equity + salaries payable + notes payable + accounts payable

$37,500 = $13,500 + $4,300 + notes payable + $1,700

Notes payable = $37,500 - $13,500 - $4,300 - $1,700

= $18,000

Therefore, the value of equipment is $16,000 and the value of notes payable is $18,000.

4 0

3 years ago

Mid-Town Auto Parts Company uses the direct method to prepare its statement of cash flows. Refer to the following information r

Lera25 [3.4K]

Answer:

Collection from Customers =$487,000

Explanation:

Collection from Customers=account receivable beginning balance+sales revenue-account receivable ending balance

=97000+$519,000-$65,000

=$487,000

7 0

3 years ago

Units Unit Cost Inventory, Jan. 1 8,000 $11 Purchase, June 19 13,000 12 Purchase, Nov. 8 5,000 13 If 9,000 units are on hand at

Lostsunrise [7]

Answer:

The answer is: $100,000

Explanation:

Under LIFO (last in, first out) costing method, we use the oldest costs are used to determine the ending inventory:

We were given the following data:

Jan. 1: 8,000 purchased at $11 per unit
June 19: 13,000 purchased at $12 per unit
Nov. 8: 5,000 purchased at $13 per unit

If the ending inventory had 9,000 units, then its total cost is:

Ending inventory = (8,000 units x $11 per unit) + (1,000 units x $12 per unit)

Ending inventory = $88,000 + $12,000 = $100,000

3 0

4 years ago