Answer:
Utility increases at a decreasing rate.
Explanation:
Utility is the total satisfaction derived from consumptjon.
The utility function measures the total satisfaction derived from consumptjon.
Utility increases at a decreasing rate.
This can be illustrated with an example.
Imagine I am coming from a desert with no access to drinking water. I am very thirsty. The satisfaction I would derive from the first cup of water would be the highest. After my first cup, the utility I would derive from other cups would be diminishing.
Answer:
consumer responsibility. This is when consumers purchase goods that would not harm the environment or would not be hazardous to one’s health. They make healthy and environment-friendly choices in buying items that they need. These are usually people who are concerned about what they buy and how it would affect not only them but the area surrounding them.
Answer:
$7,776,899
Explanation:
Calculation to determine what interest expense would it recognize in its 2021 income statement
Interest expense= $388,844,955 * 8% * (3 months/12 months)
Interest expense= $31,107,596.4 * 3/12
Interest expense= $7,776,899
Therefore the interest expense that would be recognize in its 2021 income statement is $7,776,899
Answer:
The appellate court ruled in favor of Bad Frog (lower court had ruled in favor of the New York State Liquor Authority) arguing that the label did not portray or concern an unlawful activity, and the state's authority couldn't prove it was protecting children from vulgar images.
The initial problem related to the repeated denial of the New York State Liquor Authority to approve Bad Frog's label even after the company had changed the label to make it less obscene. Bad Frog sued the New York State Liquor Authority and the District Court ruled against them. Then Bad Frog appealed and won.
Answer:
C) $22,727.
Explanation:
to calculate the 2019 layer, I will first determine the value of the 2019 inventory using LIFO:
(2018 inventory / 2018 price index) + (2019 inventory - 2018 inventory) = ($300,000 / 1.1) + ($350,000 - $300,000) = $272,727 + $50,000 = $322,727
to determine the LIFO layer = adjusted 2019 inventory - 2018 inventory = $322,727 - $300,000 = $22,727
The LIFO layer represents the difference in cost of goods sold from the ending of one year to the next year.
