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ikadub [295]
2 years ago
7

Which of the following statements best describes the law of diminishing marginal utility?

Business
1 answer:
-BARSIC- [3]2 years ago
8 0

The law of diminishing marginal utility states that as a person increases consumption of a good while keeping consumption of other products persistently then there is a drop in the marginal utility<span> that person descends from consuming each extra unit of that product. So the answer is letter C.</span>

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Illinois​ Furniture, Inc., produces all types of office furniture. The​ "Executive Secretary" is a chair that has been designed
viktelen [127]

Answer:

hello your question is incomplete attached below is the missing table to your question

Illinois​ Furniture, Inc., produces all types of office furniture. The​ "Executive Secretary" is a chair that has been designed using ergonomics to provide comfort during long work hours. The chair sells for​ $130. There are 480 minutes available during the​ day, and the average daily demand has been 50 chairs. There are eight tasks

answer : a) 9.6 minutes

               b) 5 work stations

               c) choose initial task and task with maximum task time

               d) 21 minutes

Explanation:

A) cycle time for the production of a chair

cycle time = (production time available per day ) / ( unit demand per day )

                 = 480 minutes / 50 chairs

                 = 9.6 minutes ≈ 10 minutes

B) theoretical minimum number of workstations

    = Total task / cycle time

 where total task = (4 + 7 + 6 + 5 + 6 + 7 + 8 + 6 ) = 49 minutes

             cycle time = 9.6 minutes

hence theoretical minimum number of workstations = 49 / 9.6 = 5.1

 ≈ 5 workstations

C ) Assignment of tasks to workstations

      attached below

you will choose the initial/first task and also the task with maximum tax time

D) For the process the total idle time per cycle

total idle time = summation of all idle times for the 8 tasks = 21 minutes

Task A, C = 0 minutes

Task B = 3 minutes

Task E = 4 MINUTES

Task F = 3

Task G = 2

Task H = 4

Task D = 5

6 0
2 years ago
Riley is considering the purchase of 350 shares of the preferred stock of Marston Manufacturing Company. The stock carries a par
Furkat [3]

Answer:

The per-share value of Marston’s preferred stock should be $92

Explanation:

The computation of the per-share value of Marston’s preferred stock is shown below:

= (Annual Dividend rate) ÷ (yields generation) × 100

= (5.75%) ÷ (6.25%) × 100

= $92

We simply divide the Annual Dividend rate by the yields generation or we can say it is a required rate of return.

All other information which is given in the question is not relevant. Hence, ignored it

7 0
2 years ago
Which of the following are elements you should include in meeting minutes? Check all that apply. Old business, new business, and
kompoz [17]

Answer:

-Old business, new business, and reports

-Your opinions of the motions

-Approval of previous minutes

Explanation:

Meeting minutes are the written or recorded documentation that is used to inform attendees and none attendees about what was discussed or what happened during a meeting. Minutes usually include Names of participants. Agenda items covered. Decisions made by participants.

Meeting minutes act as a measuring stick, Minutes record meeting decisions, which makes them a useful review document when it comes time to measure progress. They also act as an accountability tool because they make it clear whose duty it was to perform which action.

4 0
2 years ago
Total revenue for producing 8 units of output is $48. Total revenue for producing 9 units out output is $63. Given this informat
Firlakuza [10]

Answer:

D. Marginal revenue for producing the 9 units is $15

Explanation:

TR(8) = $48

TR(9) = $63

MR(9) = TR(9) - TR(8) = $63 - $48 = $15

AR(8) = TR(8) / 8 = $48/8 = $6

AR(9) = TR(9)/9 = 63/9 = $9

Note: TR=Total revenue, AR= Average Revenue and MR=Marginal Revenue

So, the only correct option is option d

8 0
1 year ago
Suppose the following information (in thousands of dollars) is available for H.J. Heinz Company—famous for ketchup and other fin
Katena32 [7]

Answer:

Explanation:

The classified balance sheet comprises of the assets, liabilities, and stockholder equity.  With the help of the accounting equation, the total assets are equal to the total liabilities including stockholder's equity.

The assets are further divided into current assets, fixed assets, and intangible assets. Similarly, the liabilities are also further divided but they do not have any intangible liabilities.

The preparation of the partial balance sheet is presented in the spreadsheet. Kindly find the attachment below:

4 0
2 years ago
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