In the ______ interview, applicants are asked how they handled a work-related situation in the past.

John likes Coca-Cola. After consuming one Coke, John has a total utility of 10 utils. After two Cokes, he has a total utility of

gulaghasi [49]

Answer:

No, he doesn't show diminishing marginal utility. Yes, he shows increasing marginal utility for Coke.

Explanation:

The law of diminishing returns states that the marginal or addition satisfaction or utility derived from the consumption of a product increase until a pint and then starts to decrease.

Units Total utility Marginal utility

1 10 10

2 25 15

3 50 25

After 3 bottles, John does not show diminishing marginal utility as the marginal utility (as shown above) continues to increase with each additional bottle of coke consumed.

8 0

3 years ago

Using what you have learned in your focus group, you begin your analysis of the buyer decision process. In the first stage of th

babymother [125]

Answer: Television ad on a fitness training television channel showing a consumer charging their phone using PowerShirt.

Explanation: In the stage of the process, In showing consumers that their existing state does not equal their desired state. Is by using a Television ad on a fitness training television channel showing a consumer charging their phone using PowerShirt.

3 0

3 years ago

On Dec. 31 The petty cash custodian performs the month-end reconciliation and totals the receipts as follows: Postage stamps use

Olegator [25]

Answer:

total petty cash expenses:

Postage stamps $58
Courier $73
Company lunch $61
Office decorations $30
total $222

money left in the petty cash fund $68, so $10 are missing

December 31, petty cash fund reimbursement:

Dr Miscellaneous expenses 222

Dr Petty cash shortage 10

Cr Cash 232

December 31, bond sinking fund established:

Dr Other assets account 30,000

Cr Cash 30,000

December 31, petty cash fund is reduced by $50

Dr Cash 50

Cr Petty cash fund 50

7 0

3 years ago

Read 2 more answers

When prioritizing your spending, what is the best order in which you should pay your expenses? A. 1. Basic necessities 2. Other

Debora [2.8K]

Answer:

The best order of spending priority is from most important to the least important is:

1. Basic Necessities

2. Other high-priority expenses

3. Creditors or lenders

4. Yourself (saving)

Explanation:

1. Basic Necessities: The basic human necessities are given topmost priority, because without these cannot be lived without. The basic necessities include: food, mortgage/rent, utilities and transportation, but if the income is still not enough to handle all the basic necessities, the qualities and quantities can be reduced, for example, if chicken is more expensive than beef, beef can be used for food instead of chicken.

2. Other high-priority expenses: this comes directly after basic necessities, and they include; insurance premiums (health, home, car, and life), medical expenses, and other personalized high priority expenses.

3. creditors and lenders: the remaining money is used to clear the debts owed first, because this is a negative on your income.

4. Yourself ( saving); comes least on the list of priorities, but it is very important, because it ensures that there is money available to cushion any emergency needs that may arise.

5 0

4 years ago

Read 2 more answers

You have recently accepted a position with Vitex, Inc., the manufacturer of a popular consumer product. During your first week o

brilliants [131]

Answer and Explanation:

According to the scenario, computation of the given data are as follows:-

1. Standard Quantity for Actual Output is

= $574600 ÷ $16.90

= 34000 Pounds

Actual Output = $34000 ÷ 2 = $17000

Unit Produced = 17,000 Units

2.Material Efficiency Variance is

= (Actual Quantity - Standard Quantity) × Standard Price

33,800 = (Actual Quantity - 34,000) ×$16.90

33800 ÷ $16.90 = Actual Quantity - $34,000

2000 = Actual Quantity - 34,000

Actual Quantity = 34,000 + 2000

= 36,000 Pounds

3.Material Rate Variance is

= (Actual Price - Standard Price) × Actual Quantity

$10,440 = (Actual Price - $16.90) × 36,000

$10440 ÷ 36000 = Actual Price - $16.90

-0.29+$16.90 = Actual Price

Actual Price = $16.61

4. Labor Efficiency Variance is

= (Actual Hour - Standard Hours) × Standard Rate

15500 = (Actual Hour - 263500 ÷ $15.50) × 15.50

15500 ÷ $15.50 = (Actual Hour - 17,000)

1000 + 17000 = Actual Hour

Actual Hour = 18,000

5. Labor Rate Variance is

= (Actual Rate - Standard Rate) × Actual Hours

$3600 = ( Actual Rate - $15.50) × 18000

$3600 ÷ 18000 = Actual Rate - $15.50

$0.2 + $15.50 = Actual Rate

Actual Rate = $15.70

We simply applied the above formulas

8 0

3 years ago