Am b o r e d who wants to t a l k?

For the person to whom this utility function applies, a. her level of satisfaction will be enhanced equally by an increase in we

Solnce55 [7]

Answer:

b. the more wealth she has, the less utility she gets from an additional dollar of wealth.

Explanation:

Utility is the satisfaction derived from a good. Total Utility is the total satisfaction from all units of a good. Marginal Utility is the additional satisfaction from an additional unit of a good.

The Law of Diminishing Marginal Utility states that : As consumer gets more & more of a good, the additional utility (satisfaction) from each successive unit keeps on declining. It implies that marginal utility decreases, & total utility increases at a decreasing rate.

Therefore : A person has more marginal utility (additional satisfaction) from an additional dollar, if he has less money (dollars). And, relatively less marginal utility from an additional dollar if he has more money (dollars).

Example : A rich person having millions of dollars would get less marginal utility (additional satisfaction) from gaining a single dollar, than a poor person having few dollars.

6 0

3 years ago

See Chapter 19, sections 19.9 and Cases. The project will be a continuation of how to improve the process you chose in Competenc

vitfil [10]

I DON'T KNOW THE ANSWER I'm sorry

4 0

2 years ago

Manufacturing cost data for Orlando Company, which uses a job order cost system, are presented below. Indicate the missing amoun

denis23 [38]

Answer:

Orlando Company

Indication of the missing amount for each letter:

a) = $53,150 ($145,650 - 50,000 - 42,500)

b) = $55,850 (201,500 - 145,650)

c) = $9,200 (201,500 - $192,300)

d) = $119,000 ($140,000 * 85%)

e) = $342,000 ($83,000 + $140,000 + $119,000)

f) = $357,500 ($342,000 + $15,500)

g) = $345,700 ($357,500 - $11,800)

h) = $81,000 = ($149,850 * 100/185)

h) and i) = $149,850 ($213,000 - $63,150)

$149,850 = 185% (100 + 85%)

i) = $68,850 ($149,850 * 85/185)

j) = $231,000 ($213,000 + $18,000)

k) = $9,000 ($231,000 - $222,000)

Explanation:

a) Data and Calculations:

Job 1 Job 2 Job 3

Direct materials used $(a) $83,000 $63,150

Direct labor 50,000 140,000 (h)

Manufacturing overhead applied 42,500 (d) (i)

Total manufacturing costs 145,650 (e) 213,000

Work in process 1/1/14 (b) 15,500 18,000

Total cost of work in process 201,500 (f) (j)

Work in process 12/31/14 (c) 11,800 (k)

Cost of goods manufactured 192,300 (g) 222,000

Job 1 Job 2 Job 3

Direct materials used $53,150 $83,000 $63,150

Direct labor 50,000 140,000 81,000

Manufacturing overhead applied 42,500 119,000 68,850

Total manufacturing costs 145,650 342,000 213,000

Work in process 1/1/14 55,850 15,500 18,000

Total cost of work in process 201,500 357,500 231,000

Work in process 12/31/14 9,200 11,800 9,000

Cost of goods manufactured 192,300 345,700 222,000

a) = $53,150 ($145,650 - 50,000 - 42,500)

b) = $55,850 (201,500 - 145,650)

c) = $9,200 (201,500 - $192,300)

d) = $119,000 ($140,000 * 85%)

e) = $342,000 ($83,000 + $140,000 + $119,000)

f) = $357,500 ($342,000 + $15,500)

g) = $345,700 ($357,500 - $11,800)

h) = $81,000 = ($149,850 * 100/185)

h and 1 = $149,850 ($213,000 - $63,150)

$149,850 = 185%

i) = $68,850 ($149,850 * 85/185)

j) = $231,000 ($213,000 + $18,000)

k) = $9,000 ($231,000 - $222,000)

6 0

3 years ago

Cristiano Ronaldo is comparing a manufacturing operation using regular lot-sizing and the same operation with a kanban/lean prod

Komok [63]

Answer:

On the off chance that we look at the absolute expense of stock in both the Kanban and standard parcel measuring technique, the complete expense of Kanban stock model will be not exactly ordinary part estimating. This is because of the way that the Kanban technique is a lean strategy and in this manner the abundance requesting of the stock is dodged and just the required quantitiy of the things is set. This decreases the stock administration and buy cost essentially making it less exorbitant than the normal parcel estimating.

4 0

4 years ago

Which of the following is most likely to be a constraint to implementing your suggested solution?A. Sales reps who are unwilling

pentagon [3]

<u>Explanation</u>:

i. Limited cash on hand to make changes

It is apparent from the case that the company is experiencing a drop in the sales from the past 5 years and thus, the financial reserves will be a constraint in the accomplishment of the idea.

ii. Costumers purchase lifestyle products from people who they know and who have expertise

It is the idea that the director of the company mark always encourages direct interaction with the clients and personal selling rather than retail or online sales considering personal relation makes exposure to the experts and their advice.

iii. Meet with mark, your direct supervisor, about how to establish your credibility with the owner

Being a newbie to the company, it is a wise option to follow the instructions of the reporting authority to establish rapport with the owner of the organization.

iv. Sales have declined because customers have lower disposable income

It is also evident from the case of the financial crisis and recession in going in the market due to which the customer has a lower income to make purchases.

v. Suggesting techniques to help our sales reps become more trusted advisors

It is the time to perform a forward step by the sales reps to take the role of the advisors i.e. trusted ones for the customer in recommending the best of all.

6 0

4 years ago