Marginal benefit is A. the additional cost of producing one more unit. B. the additional benefit from consuming one more unit. C. a legally determined maximum price that sellers may charge. D. the difference between the highest price a consumer is willing to pay and the price the consumer actually pays.
Answers
Answer:
Option (B) is correct.
Explanation:
Marginal benefit refers to the benefit that a consumer can get from consuming an additional unit of a commodity.
If the marginal benefit is greater than the marginal cost then a consumer is continuing consuming the additional units of a commodity.
A consumer uses the marginal analysis for deciding whether to consume an extra unit of a commodity or not. In this analysis, a consumer compares the marginal benefit with the marginal cost.
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Suppose Kim Ping and Abdel decide to set up a joint venture. Working together, the two companies will build a new, independent manufacturing facility in Morocco. What problems might Kim Ping and Abdel encounter with their joint venture?
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If you want to know whether a company had a profit or a loss during a specific period of time, which financial statement would be most helpful?A.Statement of owners' equityB.Cash flow statementC.Balance sheetD.Income statement
Answers
Answer:
a
Explanation:
Final answer:
In the realm of accounting, the Owner, Capital is the account that increases with a credit. This is a reflection of increased business value through investment, asset acquisition, or net income. Other accounts listed either increase with a debit or decrease with a credit. Option A is correct.
Explanation:
In the double-entry bookkeeping system, accounts are either increased with a debit or a credit. The account that increases with a credit among the options provided is Owner, Capital. This is because it reflects the owner's investment into the business, an increase in business assets, or an increase in net income, all of which increase the value of the “Owner, Capital” account. In contrast, Prepaid Expenses and Accounts Receivable increase with a debit, while Owner, Withdrawals decrease with a credit.
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Answers
Answer:
correct option is c. 5 utility units
Explanation:
given data
receives 20 units = consuming 2 candy
receives 25 units = consuming 3 candy
to find out
Marginal utility
solution
we know that Marginal utility of 3rd candy bar is express as
Marginal utility = .........1
put here value
Marginal utility =
Marginal utility = 5 unit
so correct option is c. 5 utility units
Answers
Answer:
Under a job-order system of cost accounting, the dollar amount of the general ledger entry involved in the transfer of inventory from work-in-process to finished goods is the sum of the costs charged to all jobs - The entry to transfer inventory from WIP to FG is to debit finished goods and credit work-in- process.
Explanation:
a. demand curve is graphed.
b. demand schedule is graphed.
c. supply schedule is graphed.
d. store's daily receipts is collected
Answers
Answers
Answer: Equilibrium price rises.
Explanation:
(a) Pen and pencil are substitute goods. So, if the price of pencil increases the demand for pens increases which shifts the demand curve rightwards and hence, equilibrium price rises.
(b) There is a direct relationship between the income of an individual and demand for normal goods. If there is an increase in the income of the consumer as a result demand also increases which increases the equilibrium prices.
(c) Writing in ink becomes fashionable, people expect the price of pens to rise in the near future and the population increaseswill lead to increases the demand for pens which which shifts the demand curve rightwards and hence, equilibrium price rises.
(d) Wages of pen-makers increase will increase the cost of production and hence increases the equilibrium price of pens.
and to "combat tax evasion
Not less than 5 pages
Answers
Double taxation is a term that refers to imposition of two or more taxes on the same income, asset, or financial transaction. Methods and reasons for tax evasion: including underreporting income, overstating deductions, hiding assets, failing to file a tax return, and using offshore accounts.
The main reasons for tax evasion are to reduce the amount of taxes owed and to avoid legal penalties, such as fines and imprisonment. Tax evasion can also be used as a form of protest against perceived unfairness in the tax system.
Combatting tax evasion : There are several ways to combat tax evasion, including increasing penalties and enforcement efforts. Addressing the issue of tax havens is therefore a key part of efforts to combat tax evasion.
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