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hichkok12 [17]
2 years ago
11

Greg eats pizza every day of the week. The marginal utility of pizza will most likely ________ by the end of the week, and all e

lse being equal, this demonstrates the law of ________. increase; increasing marginal utility rise; diminishing marginal utility decline; total utility decrease; diminishing marginal utility
Business
1 answer:
KatRina [158]2 years ago
8 0

Answer:

decline and diminishing marginal utility

Explanation:

According to the law of diminishing marginal utility,  when a person consumes more and more units, the marginal utility arises from each additional unit goes reduced as marginal utility is an additional unit derived.

According to the given situation, grey eats pizza every day so the marginal utility goes decline that indicates the law of diminishing marginal utility

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When comparing the three broad types of economic systems, it can be said that for a pure market economy to function efficiently,
Alexeev081 [22]

Answer:

These statements are correct:

In a command economy, state-owned enterprises have little incentive to control costs and be efficient.

In a command economy, the absence of competition means that state-owned enterprises do not have incentive to be efficient. This is because In command economies, these companies are most of the time monopolies who have a safer market to sell their products, because consumers lack choice.

Mixed economies were once uncommon throughout much of the world, although they are becoming more popular now.

Most economies now are mixed: in part free market economies, in part command economies. For example, in most developed countries, most sectors are left for private companies to compete, but a few areas are still directly controlled by the government, either fully or partially (for example: the healthcare sector, and education).

3 0
2 years ago
Soundgarden Company sold 200 color laser copiers on July 10, 2020, for $4,000 apiece, together with a 1-year warranty. Maintenan
ziro4ka [17]

Answer:

Soundgarden Company

Journal Entries:

July 10, 2020:

Debit Cash Account (or Accounts Receivable) $800,000

Credit Sales Revenue $800,000

To record the sale of 200 copiers at $4,000 apiece.

July 10, 2020:

Debit Warranty Expense $66,000

Credit Warranty Liability $66,000

To record the estimated warranty maintenance on copiers sold.

December 31:

Debit Warranty Liability $17,000

Credit Inventory $17,000

To record actual warranty costs incurred.

Explanation:

Soundgarden should record these transactions according to the matching principle, whereby warranty expense is recognized in the period that matches the sale so that all expenses related to sales are recognized when the sales are recognized.  This is achieved by creating a warranty liability account after the sales and recording a warranty expense as the debit entry.  When actual warranty costs are incurred, the Soundgarden Company will debit the warranty liability and credit the inventory actual for the actual costs.

7 0
2 years ago
Charleston Company has elected to use the dollar-value LIFO retail method to value its inventory. The following data has been ac
irina [24]

Answer:

Ending inventory at retail = $902,000

Ending inventory at cost = $550,424

Explanation:

Kindly check attached picture

4 0
2 years ago
What is the correct strategy that Alejandra must use to deliver a negative message?
Serga [27]

Answer:

Apologize and come up with a new plan. Of course, you need to apologize, if you don't then that becomes a problem. (especially if they are a Karen.) After apologizing start to explain what you are going to do about it. For Example  Refunds, Store Credit, Replacement, Etc. To start off. Then fix the problem. Also, tell them that you are going to do so and so to fix it. Like creating anew toy or whatnot.  Hope this helps!  

6 0
2 years ago
Tropetech Inc. has an expected net operating profit after taxes, EBIT(1 – T), of $2,400 million in the coming year. In addition,
WARRIOR [948]

Answer:

Explanation:

The computation is shown below:

The free cash flow is

= Expected net operating profit after taxes - net capital expenditure - net operating working capital

= $2,400 million - $360 million - $45 million

= $1,995 million

Now the total firm value is

= Free cash flow ÷ (cost of capital - growth rate)  

= $1,995 million ÷ (11.70% - 3.90% )

= $1,995 million ÷ 7.8%

= $25,576.92 million

Now the intrinsic value of equity is

= Total firm value - outstanding debt - preferred stock

= $25,576.92 million - $11,510 million - $6,394 million

= $7,672.92 million

And, the intrinsic value per share

= $7,672.92 million ÷ 675 million shares

= $11.37 per share

7 0
2 years ago
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