If a consumer must spend her entire income on some combination of two commodities and chooses to spend it all on just one of the commodities, then A. the other commodity is an economic bad. B. the other commodity must have zero marginal utility. C. the other commodity generates less utility per dollar spent on the good. D. the two commodities must be perfect substitutes.

Answers

Answer 1

Answer:

The correct answer is (C)

Explanation: Utility is the satisfaction derived out of a product. Combinations of two goods within the consumer's income or budget line can only be used which are attainable. It depends on individual to choose any combination out of several. Here in this case consumer is spending only on one commodity that means other good is comparatively low which means utility generated out of other good is less.

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The Foxmoor Company produces three products, X, Y, and Z, from a single raw material input. Product Y can be sold at the split-off point for total revenues of $63,000 or it can be processed further at a total cost of $36,000 and then sold for $108,000. Product Y: Multiple Choice Should be sold at the split-off point, rather than processed further. Would increase the company's overall net income by $45,000 if processed further and then sold. Would increase the company's overall net income by $108,000 if processed further and then sold. Would increase the company's overall net income by $9,000 if processed further and then sold.
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The marginal benefit from consuming another unit of a good: equals the total benefit obtained from the consumption of all prior units. equals the increase in total benefits from consuming the unit. must be less than the marginal cost or the unit will not be consumed. must equal the marginal cost or the unit will not be consumed.
The winner of a state lottery will receive $5,000 per week for the rest of her life. If the winner's interest rate is 6.5% per year compounded weekly, what is the present worth of this jackpot? Assume there are 52 weeks per year.

Miguel works for an organization that collects books from donors and redistributes the books to schools to promote literacy and good reading habits. The company is funded by a government grant. Miguel works for a(n) ________.

Answers

i think the answer is a non profit organization

Of the following groups, which benefits most from a government price support program that establishes a floor price for an agricultural product that is higher than the product's market clearing price? Select one: a. Consumers, who purchase more units of the product than they did before the price support program was implemented

b. Taxpayers, who no longer must provide funds to purchase surplus units of the product once the price support program is in place

c. The government, which receives subsidy payments from producers that are required to sell more of the product at a higher price under the government's program

d. Producers, who earn a higher price on the sale of each unit and also sell more units, thereby unambiguously earning higher revenues

Answers

Answer:

d. Producers, who earn a higher price on the sale of each unit and also sell more units, thereby unambiguously earning higher revenues

Explanation:

A government price support program is when the government impose a price limit on a product to control the price of the product i.e price floor, and also the purchase of any surplus. The price floor and the purchase of any surplus for the product encourages the producers to produce more of the product.

Since price floor must be higher than the equilibrium price for it to be effective, the producers of the agricultural product earn more by selling in units and also earn more for selling any surplus to the government.

The profit margin ratio is the only ratio that makes up ROE that can be negative (except in relatively rare cases). Describe how the interpretation of the Asset Turnover Ratio and the Financial Leverage Ratio change based on whether the Profit Margin Ratio is positive or negative.

Answers

Except under very exceptional circumstances, the only ratio that makes up ROE that can be negative is the profit margin ratio. As a result, the asset turnover ratio continues to be positive and shows the amount of sales produced for each dollar of assets owned by the organization.

What is profit margin ?

One of the often used profitability statistics to determine how profitable a business or line of business is is profit margin. It displays the proportion of sales that have generated profits. Simply put, the percentage value represents the amount of profit the company made on each dollar of sales. For instance, if a company states that it had a 35% profit margin during the most recent quarter.

Different profit margins come in different forms. However, in common usage, it typically refers to net profit margin, which is a company's bottom line after all other costs, such as taxes and one-time charges, have been deducted from revenue.

To know more about profit

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Explanation:

The profit margin ratio is the only ratio that makes up ROE that can be negative (except in relatively rare cases). ... Therefore, Asset turnover ratio still represents the amount of sales that is generated for each dollar of assets the company owns and always is positive.

Woodward Corporation reported pretax book income of $1,417,500. Included in the computation were favorable temporary differences of $300,000, unfavorable temporary differences of $106,500, and favorable permanent differences of $192,000. Assuming a tax rate of 34 percent, compute the company’s current income tax expense or benefit. (Amounts to be deducted should be indicated by a minus sign.)Pre-tax book income
Favorable temporary differences
Unfavorable temporary differences
Favorable permanent differences
Taxable income
Tax rate%

Answers

Answer:

The company’s current income tax expense or benefit is $350,880.

Explanation:

Pre-tax book income $ 1417500

Favorable temporary differences -$300000

Unfavorable temporary differences $106500

Favorable permanent differences -$192000

Taxable income $1032000

Current income tax expense ($1032000 x 34%) $350880

Therefore, The company’s current income tax expense or benefit is $350,880.

________ is the misappropriation of trade secrets related to or included in a product that is produced for or placed in interstate or foreign commerce to the economic benefit of anyone other than the owner.

Answers

Answer:

Economic espionage.

Explanation:

Economic espionage is an activity of unlawfully targeting and spying the sensitive information of corporate or government. The motive behind economic espionage is more than just earning profit, it is much larger in scope and scale. It include theft of critical economic intelligence, trade secret, intellectual property, etc. There are different ways of conducting economic espoinage:

1) Hiring insider of corporate or research institution and getting information on trade secrets etc.

2) By Cyber attack, theft, bribery, etc.

3) Building relationship with corporate or goverment, which seems innocent, however, motive is to gather economic intelligence.

There is Law been passed to protect against economic espionage.

Omnidata uses the annualized income method to determine its quarterly federal income tax payments. It had $100,000, $50,000, and $90,000 of taxable income for the first, second, and third quarters, respectively ($240,000 in total through the first three quarters). What is Omnidata's annual estimated taxable income for purposes of calculating the third quarter estimated payment?