In this situation, we have diminishing marginal utility, which is generally assumed in the analysis of consumer choice.
What is marginal utility?In economics, utility is defined as the enjoyment or value gained from using a thing. The marginal utility of a good or service explains how much pleasure or satisfaction consumers receive or lose as a result of a one-unit increase or reduction in consumption. There are three different kinds of marginal utility.According to the law of declining marginal utility, as consumption increases, the marginal utility obtained from each extra unit decreases.What is consumer choice?Consumer choice theory is a branch of microeconomics that connects preferences to consumption expenditures and consumer demand curves.Solution -As the law of marginal utility states, as consumption increases, the marginal utility obtained from each extra unit decreases.
Therefore, in this situation, we have diminishing marginal utility, which is generally assumed in the analysis of consumer choice.
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Edward, a candy manufacturer, contracted to buy one thousand barrels of sugar from Marcia. Marcia failed to deliver, and Edward was unable to buy any sugar in the market. As a direct consequence, he was unable to make candies to fulfill unusually lucrative contracts for the Christmas trade. a. What damages is Edward entitled to recover
Foreseeability of Damages.
What does "foreseeability of harm" mean?Damages that both parties to the contract knew about or should have known about at the time the contract was made are referred to as foreseeable damages. In addition to this, an insured may be entitled to compensation for foreseeable damages caused by a failure of a duty to fairly consider, negotiate, and resolve claims. The foreseeable damages payable for warranty breach include reasonable legal fees and costs incurred in defending the injured party's claim for damages, whether or not such defense was successful.
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Lowden Company has a predetermined overhead rate of 160% and allocates overhead based on direct material cost. During the current period, direct labor cost is $50,000 and direct materials cost is $80,000. How much overhead cost should Lowden Company should apply in the current period?
Based on the direct materials cost and the predetermined overhead rate, Lowden company should apply an oevrhead cost of $128,000.
How much overhead should be applied?This can be found as:
= Direct materials x Predetermined overhead rate
Solving gives:
= 80,000 x 160%
= $128,000
In conclusion, the overhead cost to be applied is $128,000.
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True or false: The metrics used to assess the effectiveness of an impressions-based digital display ad campaign are the same as the metrics used to assess the effectiveness of a search ad campaign.
It is True that the metrics used to assess the effectiveness of an impressions-based digital display ad campaign are the same as the metrics used to assess the effectiveness of a search ad campaign.
What is ad campaign?ad campaign serves as an avenue to promote the goods as wel;l as services of a company.
In this case, effectiveness of an impressions-based digital display ad campaign are the same as the metrics used to assess the effectiveness of a search ad campaign.
Therefore, the statement is True.
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Over a given period of time, if exports are greater than imports, the result is Group of answer choices An embargo. A trade war. A trade surplus. A trade deficit.
If there is a situation where export are greater than imports, then this would lead to a trade deficit.
what is a trade deficit?
A trade deficit occurs when the amount of exports that a country sends is less than the imports it brings in.
What this leads to is a situation where the company spends more than they make in trade and this can lead to negative cash flows.
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Amelia expects her friends to always be supportive of her no matter what they have going on and to understand when she is too busy to help them. Lisa expects that her friends will often disappoint her and not be there for her when she needs someone to listen. From this description, we can derive that Amelia and Lisa's ________ are different. Multiple Choice comparison levels (CLs) outcomes investments commitments
Comparison levels
Amelia and Lisa's comparison levels are different.
What do you mean by comparison levels?According to prior interactions, the comparison level describes the expectations for the connection. We essentially weigh the advantages and disadvantages of our current relationship against those of our previous partnerships. Some people expect a lot of benefits since they have a high comparison level.
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Salespeople who call on _____ are most likely to spend time servicing accounts by stocking shelves, setting up POP displays, and handling local advertising.
Salespeople who call on supermarkets are most likely to spend time servicing accounts by stocking shelves, setting up POP displays, and handling local advertising.
In a supermarket, what does a salesperson do?A retail salesperson deals directly with customers to sell them things like clothing, automobiles, gadgets, furniture, etc. He or she aids clients in locating what they need in a store or other retail setting and persuades them to make purchases by outlining the advantages of the goods.
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A ________ structure is an organizational structure that assigns specialists from different functional departments to work on one or more projects.
A matrix structure is an organizational structure that assigns specialists from different functional departments to work on one or more projects.
What is a matrix?Teams in a matrix organization report to several leaders inside the business. The matrix structure promotes open communication between teams and can assist businesses in producing more creative goods and services.What is an organizational structure?An organizational structure outlines how tasks are assigned, coordinated, and overseen in order to achieve organizational objectives.The basis upon which standard operating procedures and routines are built is provided by organizational structure.It decides who gets to take part in what decision-making procedures and how much their opinions influence the organization's activities. The lens or perspective that people use to perceive their organization and its surroundings is known as the organizational structure.Therefore, a matrix structure is an organizational structure that assigns specialists from different functional departments to work on one or more projects.
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Hugh Larrimore, Wilson Knight, and Frieda Perez have worked together for twelve years. They always clock in and clock out together. If one of the threesome happens to be late, the others will wait for him or her. This commonly accepted behavior for this informal group is called a(n): Group of answer choices company policy organizational policy group norm work procedure self-mandated regulation
Group norm
The given behavior is known as group norm.
What is group norm?Group norms are the unwritten or unspoken rules that dictate how team members should behave, collaborate, and work. Group norms are typically not recorded in writing. Instead, they are implicitly accepted guidelines for conduct that are determined by the underlying principles of the company culture. These implicit beliefs influence how team members make choices, interact professionally, and even settle disputes.
Even if you've never intentionally established group standards before, you've undoubtedly done so. Even if they are unaware of it, all types of groups, such as working groups, informal groups, and friendship groups, have a set of norms that they develop over time.
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A type of insurance that protects workers frorm loss wages after an industrial accident that happened on the job is called
A type of insurance that protects workers from loss wages after an industrial accident that happened on the job is called worker compensation.
Workers' compensation insurance offers financial aid and/or medical attention to employees who are hurt on the job or fall ill as a direct result of their work. This insurance is paid for by the employer; the employee is not expected to contribute to the cost of compensation.Workers' compensation, sometimes known as workers' comp, is a type of insurance that offers pay replacement and medical benefits to employees hurt while doing their jobs in return for a requirement that they waive their right to sue their employer for carelessness. The compensation bargain is the trade-off between restricted, guaranteed coverage and no other options outside of the worker compensation system.Thus this is the answer.
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ABC costing might lead to:Multiple Choiceincreasing the sales price of low-volume products.increasing the sales price of high-volume products.
ABC costing might lead to: increasing the sales price of low-volume products.
An organization's activities are identified using the activity-based costing (ABC) technique, which then allocates the cost of each activity to each product and service depending on how much of each is actually consumed. In contrast to traditional costing, this methodology assigns more indirect expenses (overhead) into direct costs.ABC is a technique for allocating overhead and indirect costs, such salaries and utilities, to goods and services. The ABC system of cost accounting is built around activities, which are defined as any occasion, project, or task with a clear objective.The costs associated with each product are divided by the quantity of units produced to determine the per-unit overhead costs under ABC.
Thus this is the answer.
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Operations management has the primary responsibility of Multiple Choice conducting research on consumer behavior. replacing quality with productivity in the manufacturing of goods. securing funds for the activities of an organization. creating goods and services that satisfy customers. developing only intangible products.
Operations management has the primary responsibility of creating goods and services that satisfy customers.
What is operations management?Operation management refers to the study of managing and controlling the various production processes involved in production of different products and services.
Operations management is concerned with the following:
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Saks Fifth Avenue employs a quick response system to order fast-moving fashion items. Saks' point-of-sales scanner records each sale. When stock falls below a minimum level, the system automatically sends an electronic order to the vendor (e.g., Donna Karan), which processes the order within 48 hours. This system has effectively reduced _____. Group of answer choices product flow supply lag logistical lag customer response cycle lead time
This system has effectively reduced the customer response cycle.
Customer Response Time: What Is It?
Customer response time refers to the interval between placing an order and receiving products or services. It may also refer to a lag in client communications or responses from a company. To put it another way, it is the period of time between a customer's request for information on a product or commitment to buy a good or service and the time the customer actually receives it.
How can response times for customer service be shortened?Put customer service software into use.Use autoresponders for email.Use time-based email notifications.Utilize text shortcuts and templates.Sort and order the emails you get into categories.Learn more about the customer response system with the help of the given link:
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Consumer credit: Multiple Choice is currently a privilege of the affluent. dates back to colonial times. currently carries no finance charge. is not a major force in our economy. use has been declining in recent years.
Consumer credit dates back to colonial times.
What is consumer credit?
Money that customers can borrow to pay for products or services is known as consumer credit. Customers who have access to credit can make purchases today and pay for them over time. Consumers can obtain credit from banks, financial organizations, and companies.
Consumer credit is governed by federal and state rules that shield borrowers from dishonest lending practices and stop companies from treating them differently based on non-financial considerations.
Examples of consumer credit are credit cards, education loans, mortgages, etc.
Consumer credit has been around since the colonial era when farmers used it frequently.
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What phrase do many real estate contracts contain that reminds the parties to avoid unnecessary delays to the transaction, and to adhere to all contract dates?
The phrase many real estate contracts contain that reminds the parties to avoid unnecessary delays to the transaction, and to adhere to all contract dates is called time is of the essence.
What is real estate?Real estate are physical buildings, including natural resources. They can be used for residential or commercial purposes.
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If the Fed buys U.S. government securities from banks, the federal funds rate ________ and banks' reserves ________.
If the Fed buys U.S. government securities from banks, the federal funds rate falls and banks' reserves increase.
Fed's Monetary PolicyPrice stability and full employment, the Federal Reserve's two legally mandated goals, are necessary to ensure a healthy and expanding economy in the United States. In the past, the Fed has achieved this via modifying reserve requirements, conducting open market operations (OMO), and influencing short-term interest rates.By acquiring government assets, the Fed helps to boost bank reserves and bring down the federal funds rate. Government securities will be sold by the Fed on the open market. The Fed reduces the amount of money in circulation by selling government assets, which raises the federal funds rate.OMO has an impact on interest rates as well because when the Fed purchases bonds, prices are pushed up and rates are lowered; conversely, when the Fed sells bonds, prices are pushed down and rates are raised.
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RESPA was developed to help buyers understand settlement processes and costs. Select one: a. True b. False
This is true that RESPA was developed to help buyers understand settlement processes and costs.
What is RESPA?In order to give homebuyers and sellers accurate settlement cost disclosures, the U.S. Congress passed the Real Estate Settlement Procedures Act (RESPA) in 1975. RESPA was also developed in order to limit the usage of company accounts, forbid kickbacks, and remove abusive tactics in the real estate settlement process. The Consumer Financial Protection Bureau is now in charge of enforcing the federal law known as RESPA (CFPB).
Hence, The Real Estate Settlement Procedures Act (RESPA) aims to lower mortgage interest by doing away with referral fees and kickbacks while also improving disclosures of settlement costs to customers.
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When you create an appointment schedule for the doctor, based on her preferences, you should _____. A. avoid scheduling appointments too early or too late B. try to schedule appointments in blocks C. consider travel time when making out of office appointments D. all of the above
When you create an appointment schedule for the doctor, based on her preferences, you should (D) all of the above.
What is an appointment?A legal appointment is one in which the subject matter is of a legal character. Meetings with attorneys, administrative hearings, interviews and/or interactions with police officers, and any type of appeal affecting housing, finances, or an individual's civil liberty are examples of these appointments.So when we create an appointment for the doctor, based on her preferences we should:
Avoid being too early or too late, we just have to be at the right time. So option (A) is correct.
We should always try to create appointments in blocks to make the appointment comfortable for both. So, option (B) is also correct.
Whenever we fix an appointment, we should always consider the travel time. So, option (C) is also correct.
Therefore, when you create an appointment schedule for the doctor, based on her preferences, you should (D) all of the above.
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Suppose that real GDP per capita in Italy is $32,000. If real GDP per capita is growing at a rate of 2.5% per year, how many years will it take for real GDP per capita to reach $64,000
Answer:
boi all I know is that im broke
Explanation:
bc
Suppose the United States increases the tariff on imported bluefin tuna. What would the consequences be
Answer:
The tariff raises the domestic price of the imported product, and domestic producers of the product raise their price when the domestic price of imports increases.
A company has achieved the level of _____ responsibilities when it has met its ethical, legal, and economic responsibilities. Group of answer choices societal philanthropic munificent global altruistic
A company has achieved the level of Philanthropic responsibilities when it has met its ethical, legal, and economic responsibilities.
What are Philanthropic responsibilities?Philanthropic responsibility is the goal of a company to actively improve society and the planet. Organizations motivated by philanthropic responsibility frequently donate a portion of their profits in addition to conducting themselves as ethically and environmentally friendly as feasible.Because it creates opportunities, philanthropy is significant. Projects and initiatives that could be too unpopular or contentious to receive widespread support from the public or the government are supported by philanthropy. Because of this, philanthropy plays a crucial role in a democratic society.A more strategic kind of giving, philanthropy aims to find the underlying causes of global crises and improve society by addressing these challenges head-on.To learn more about Philanthropic responsibilities refer to:
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Goldfarb Company manufactures and sells toasters. Each toaster sells for $23.55 and the variable cost per unit is $16.15. Goldfarb's total fixed costs are $24,800, and budgeted sales are 7,800 units. What is the contribution margin per unit
The contribution margin per unit is $7.4.
What is the contribution margin?The contribution margin is the percentage of a product's sales revenue that isn't consumed by variable costs and goes toward paying the firm's fixed expenses.
One of the main components of break-even analysis is the idea of contribution margin.
Labor-intensive businesses with limited fixed expenses typically have low contribution margins, whereas capital-intensive, industrial corporations typically have high contribution margins.
Contribution margin per unit = Revenue per Unit ₋ Variable Expenses per Unit.
Contribution margin per unit = $23.55 ₋ $16.15
Contribution margin per unit = $7.4
Therefore, the contribution margin per unit is $7.4.
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You run a company in a monopolistically competitive market. Why would you want to find ways to differentiate your product from the products of your competitors
this is due to the fact that they thrive on advertising, marketing price and quality to appeal to target audience.
Monopolistic opposition is a kind of marketplace shape in which many organizations are found in an industry, and that they produce comparable however differentiated products. None of the organizations revel in a monopoly, and every enterprise operates independently with out regard to the moves of different organizations.
Companies in a monopolistic opposition make monetary income in the short run, as an end result of the liberty of access and exit in the industry. Economic income that exist withinside the short run appeal to new entries, which subsequently cause expanded opposition, decrease prices, and excessive output.
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A manufacturer of hats concentrates all its efforts on cost containment by offering the product in only one size but in a variety of colors, using a one-size-fits-all approach. This involves a ________ targeting strategy.
A manufacturer of hats concentrates all its efforts on cost containment by offering the product in only one size but in a variety of colors, using a one-size-fits-all approach. This involves mass marketing targeting strategy
What is mass marketing targeting strategy?Mass marketing strategy is a strategy for sales of product that sees all customers as one with a single preference.
It avoids market segmentation or target customer but product one commodity for sale.
Therefore, a manufacturer of hats concentrates all its efforts on cost containment by offering the product in only one size but in a variety of colors, using a one-size-fits-all approach. This involves mass marketing targeting strategy.
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When a company invests a lot of money in a particular project, it is concerned about the amount of risk involved. In general, if the expected life of a project is longer, its potential risk is Group of answer choices negligible. secondary. greater. nonexistent. constant.
The potential risk will be secondary
A secondary risk is one that occurs as a direct result of a mitigation activity performed to address an existing hazard. It is not tied to the initial danger, as is residual risk, but rather to the response done to eradicate this threat.
The risk-return tradeoff is a trading theory that connects high risk with high gain. The optimal risk-return tradeoff is determined by a number of criteria, including an investor's risk tolerance, the number of years till retirement, and the ability to replenish lost money. Time is also important in establishing the optimal levels of risk and return in a portfolio.
Since here the company has taken risk of investing a lot of money in the project so the risk is high and will result in more profit in the long run and risk will be minimized in the long run whereas in short run the risk is high.
Therefore , the correct option is secondary.
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Your Internet provider offers the lowest price in town for Internet service if you sign a two-year contract; however, the low price offer only lasts the first year. Which pricing strategy is the Internet company using to attract customers
The high premium pricing strategy is used.
A premium pricing approach entails pricing a product higher than comparable ones. This method is also known as skim pricing since it attempts to "skim the cream" off the top of the market.
Here the internet provider is providing high speed internet at lowest cost if the two year contract is taken, now the user gets used to that speed and now will not be satisfied with the low speed so he will take the offer even if it is provided at high price.
This strategy of pricing is called premium pricing strategy.
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Haskins Company employs material handling employees who move materials between production divisions at a labor cost of $185,000 a year. It is estimated that these employees move 500,000 pounds of material per year. If 65,000 pounds are moved in March, how much of the material handling cost should be assigned to products made in March
Material handling cost assigned to products made in march = $24,050
What does Labor cost mean?Labor costs represent the total expenditure incurred by employers for the employment of employees. They represent the cost of the salaried labor force, which is why they are sometimes referred to as salary costs.Labor Cost per pound of material = Labor cost ÷ Number of pounds of material.∴ Given,
Labor Cost = $185,000
No. of pounds of material moved = 500,000 pounds per year
Now, Labor cost per pound of material = 185,000 ÷ 500,000
= $0.37 per pound of material
Therefore, If 65000 pounds are moved in March, Material handling cost
= $0.37 × 65,000 pounds
= $24,050
Hence, $24050 is the cost of handling for March.
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_____________ describes how executives with better fit between their personal intentions and their firm's mission care more about their employee's happiness, job satisfaction, and emotional well-being. meaning-mission fit corporate sensitivity employee-company wellness corporate-mission-care
The concept of "meaning-mission fit" describes how executives with better fit between their personal intentions and their firm's mission care more about their employee's happiness, job satisfaction, and emotional well-being.
What is meaning mission fit?A person's obligation to be trustworthy and dependable in their relationships with others is addressed by the concept of fidelity. Additionally, it entails maintaining promises, keeping commitments, and being trustworthy.
Some features of meaning-mission fit are-
The notion that meaning matters is also part of contemporary business philosophy.The idea of meaning-mission fit describes how business leaders that have better personal objectives that are in line with the mission of their company are more concerned with the happiness, job satisfaction, and emotional health of their workforce.How people choose a career is crucial since work plays such a significant part in giving people meaning.The degree of enjoyment employees experience with their jobs is known as job satisfaction. Beyond their regular responsibilities, this includes their contentment with their coworkers and superiors, their satisfaction with the organization's rules, and how their job affects their personal lives.Therefore, there are several criteria that can help person create a mission statement that successfully communicates the purpose and objective, but there is no one-size-fits-all approach.
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Employees in engineering and marketing divisions often disagree with each other about how to achieve targets mainly because they have unique backgrounds, experiences, and training. Which form of structural conflict is this
The form of structural conflict in which employees disagree with each other about how to achieve targets mainly because they have unique backgrounds, experiences, and training is differentiation.
What is a structural conflict?A structural conflict is any form of disagreement, misunderstanding, or struggle that arises between two (2) or more employees that are working in different departments of a company, especially due to any of the following reasons;
Differing opinionsIncompatibilitiesA difficult challengeSuperiorityExperiencesThus, the form of structural conflict in which employees disagree with each other about how to achieve targets simply because they've unique backgrounds, experiences, and training is differentiation.
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Cause-related marketing can affect consumer _____, if consumers are sympathetic to the cause and the brand and cause are seen as a good fit. a. tastes b. attitudes c. individual ethics d. budgets e. buying patterns
Cause-related marketing can affect consumer tastes, if consumers are sympathetic to the cause and the brand and cause are seen as a good fit.
Consumer tastes are the goods and services that customers intentionally choose above competing options. Consumer preferences are so influential that they can alter how businesses operate.
Consumer preferences are said to represent the subjective (individual) tastes of distinct good bundles as evaluated by their utility. They give the consumer the option to rank these product bundles based on the utility they provide. Be aware that preferences are unaffected by pricing and money.
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Services marketing differs from that of tangible goods, and many firms have adopted a strategy to Blank______.
Services marketing differs from that of tangible goods, and many firms have adopted a strategy to manage an additional three Ps, on top of product, price, place, and promotion
What is Service marketing?
Service marketing is a type of advertising that companies who offer their clients a service use to raise their brand recognition and sales. Service marketing, as opposed to product marketing, is concerned with promoting immaterial exchanges that benefit consumers.
A service marketing triangle is a structure for marketing that combines three essential forms of communication to help your target audience understand what makes your company special and beneficial for their needs they are:
Interactive marketing, External marketing, Internal marketingThe three Ps, on top of the product, price, place, and promotion provide the best return on your investment because they serve as the basis for everything your company does.
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