Answer:
Option (A) is correct.
Explanation:
Marginal thinking refers to the type of thinking that a consumer uses in order to decide whether to buy an additional units or not. In marginal analysis, a consumer compares the marginal benefit and marginal cost associated with that additional unit.
If the marginal benefit is greater than the marginal cost then the consumer decided to consume the additional unit and if the marginal benefit is lower than the marginal cost then as a result the consumer will not buy an additional unit.
In our case, Marie is not buying the fourth banana because the marginal cost of fourth banana is greater than the marginal benefit from fourth banana.
b. False
The coerrect answer is B. The interest will decrease, this is because to attain actual interest you subtract the inflation rate from the nominal interest, therefore because the inflation rate increased, the actual interest decreased.
D) shopping
E) exclusive
Answer:
In this instance, Erica is planning to buy a(n) ________ product:
D) shopping
Explanation:
The answer is shopping products because these are goods that people don't buy constantly and because of that they tend to analyze the alternatives that exist to choose the right one considering things like cost, brands and features. In this case, Erica is buying a washing machine and plans to spend time and effort gathering information and making product comparisons which aligns with the definition of shopping products.
Answer: Intellectual property (IP)
The set of ideas, inventions, production processes, trademarks, trade secrets, and other intangible mental creations that belong to the company is called intellectual property (IP).
Explanation:
Intellectual property (IP) refers to original concepts and ideas created in the mind of employees or workers which have both a moral and commercial value. These ideas includes: inventions, symbols, literary and artistic work, images used in commerce, illustrations, articles, work processes and so on. It is creative output and property because it is a tradable commodity which belongs to a company.
Answer:
Explanation:
Form utility can be defined as the process of utilizing the raw material for the preparation of finished goods. The manufacturing companies takes a huge effort to assemble all components to develop a product. Place utility reflects how the products are presented in front of customers through using media, advertisement and other marketing strategies.
Based on the information given, it should be noted that the variable cost per unit will be $14.
The variable cost per unit will be:
= Direct materials + Direct labor + Variable manufacturing overhead + Sales commission + Variable administrative expenses
= 7 + 4 + 1.5 + 1 + 0.5
= 14
The total amount of variable cost will be:
= 14 × 18000
= $252000
When 22,000 units are produced and sold, the total amount of variable cost will be:
= 22000 × 14 = $308000
The average fixed cost manufacturing cost per unit will be:
= (20000 × 5)/18000
= 5.56
When 22,000 units are produced, the average fixed manufacturing cost per unit produced will be:
= (20000 × 5)/22000
= 4.55
The total amount of fixed manufacturing overhead incurred will be:
= 20000 × 5
= $100000.
Learn more about variablescost on:
Answer:
1) total variable cost per unit $14
2) total variable cost per unit $14
3) total variable cost = $14 x 18,000 = $252,000
4) total variable cost = $14 x 22,000 = $308,000
5) average fixed manufacturing cost = $100,000 / 18,000 units = $5.56 per unit
6) average fixed manufacturing cost = $100,000 / 22,000 units = $4.55 per unit
7) total fixed manufacturing overhead = $100,000
8) total fixed manufacturing overhead = $100,000
Explanation:
The company's variable costs for producing 20,000 units
The company's variable costs for producing 20,000 units