Suppose Jacques and Kyoko are playing a game in which both must simultaneously choose the action Left or Right. The payoff matrix that follows shows the payoff each person will earn as a function of both of their choices. For example, the lower-right cell shows that if Jacques chooses Right and Kyoko chooses Right, Jacques will receive a payoff of 5 and Kyoko will receive a payoff of 3Kyoko Left Right 3,72,6 4,5 Left Jacques Right 3,8 The only dominant strategy in this game is for to choose The outcome reflecting the unique Nash equilibrium in this game is as follows: Jacques chooses_and Kyoko chooses

Answer:

im pretty sure a Fad

Explanation:

Heavy sales of umbrellas during a rain storm is an example of a trend.

Heavy sales of umbrellas during a rain storm is an example of a trend. A trend refers to a general direction or pattern of behavior that can be observed over a period of time. In this case, the increase in umbrella sales during a rainstorm is a consistent and predictable phenomenon, indicating a trend. Other examples of trends could be the popularity of certain fashion styles or the increase in sales of ice cream during the summer months.

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Answer:

See explaination for the details of the answer.

Explanation:

1) Increase

As business is optimistic about its future, such business will start capacity expansion to cater for consumer demand.

2) Decrease

Higher real interest rate simply means borrowing cost is higher for the firms and so that they will reduce the investment in respose to that.

3) Decrease

A lower tax means higher profits and firms can pass these benefits to consumers with lower prices, to employees with higher wages and to the government with tax on profit. However, if the rate of tax itself has been increased then in that case corporates will see higher tax as a dampener in sentiments and they might curtail investment plans.

4) Decrease

A recession means there will be lesser economic activity overall and demand will be lower so as the consumption. In such case, planned investment will be reduced.

Answer:

Total cost of Job = $9,347

Explanation:

The total cost of Job 323 would be the sum of the direct costs and the manufacturing overheads

Total cost = Direct material + direct labour + Overhead

The overhead absorption rate would be used to charge overhead to  Job 323.

The absorbed overhead = OAR × actual machine hours used for Job 33

Total cost = 2,057 + (24× 37) + (194× 33) = $9,347

Total cost of Job = $9,347

The answer is attached in form of text file below giving solution to each of the question parts in detail.

Answer:

a. What is the regular payback period for each of the projects?

b. What is the discounted payback period for each of the projects?

c. If the two projects are independent and the cost of capital is 10%, which project or projects should the firm undertake?

d. If the two projects are mutually exclusive and the cost of capital is 5%, which project should the firm undertake?

e. If the two projects are mutually exclusive and the cost of capital is 15%, which project should the firm undertake?

f. What is the crossover rate?

g. If the cost of capital is 10%, what is the modified IRR (MIRR) of each project?

Explanation:

                                             Project A                      Project B

investment required       -$25,000,000              -$25,000,000

cash flow 1                          $5,000,000               $20,000,000

cash flow 2                        $10,000,000                $10,000,000

cash flow 3                        $15,000,000                 $8,000,000

cash flow 4                       $20,000,000                 $6,000,000

a. What is the regular payback period for each of the projects?

project A: 2 years ($15 million) + 10/15 = 2.67 years

project B: 1 year ($20 million) + 5/10 = 1.5 years

b. What is the discounted payback period for each of the projects?

interest rate = 10%

discounted cash flows      Project A                    Project B

                                        5/1.1 = 4.55                20/1.1 = 18.18

                                      10/1.1² = 8.26               10/1.1² = 8.26

                                      15/1.1³ = 11.27                8/1.1³ = 6.01

                                     20/1.1⁴ = 13.66                6/1.1⁴ = 4.1

project A: 3 years ($24.08 million) + 0.92/13.66 = 3.07 years

project B: 1 year ($18.18 million) + 6.82/8.26 = 1.83 years

c. If the two projects are independent and the cost of capital is 10%, which project or projects should the firm undertake? using excel spread sheet an NPV function:

project A: NPV = $12.74 million

project B: NPV = $11.55 million

both projects have positive NPVs so they should both be chosen

d. If the two projects are mutually exclusive and the cost of capital is 5%, which project should the firm undertake?

project A: NPV = $18.24 million (higher NPV, so this project should be selected)

project B: NPV = $14.96 million

e. If the two projects are mutually exclusive and the cost of capital is 15%, which project should the firm undertake?

project A: NPV = $8.21 million

project B: NPV = $8.64 million (higher NPV, so this project should be selected)

f. What is the crossover rate?

investment project A - investment project B = 0

cash flow 1 project A - cash flow 1 project B = 5 - 20 = -15

cash flow 2 project A - cash flow 2 project B = 10 - 10 = 0

cash flow 3 project A - cash flow 3 project B = 15 - 8 = 7

cash flow 4 project A - cash flow 4 project B = 20 - 6 = 14

now using excel spreadsheet we determine IRR: 13.53%

g. If the cost of capital is 10%, what is the modified IRR (MIRR) of each project?

MIRR = {ⁿ√ [FV(positive cash flows x cost of capital)] / [PV(initial outlays)]} - 1

future value of positive cash flows project A = (5 x 1.1³) + (10 x 1.1²) + (15 x 1.1) + 20 = 6.655 + 12.1 + 16.5 + 20 = 55.255

future value of positive cash flows project A = (20 x 1.1³) + (10 x 1.1²) + (8 x 1.1) + 6 = 26.62 + 12.1 + 8.8 + 6 = 53.52

PV initial outlays for both projects = -$25,000

n = 4

MIRR project A = {⁴√ [55.255 / -25]} - 1 = 1.2193 - 1 = 0.2193 or 21.93%

MIRR project B = {⁴√ [53.52 / -25]} - 1 = 1.2096 - 1 = 0.2096 or 20.96%

Answer:

The correct answer is letter "E": generate all of the above consequences.

Explanation:

Price supports, mostly known as price floors, are set by the government to protect producers of certain goods and services. By doing so, the product prices will have a minimum that cannot be trespassed. This is to make sure producers can continue with their operations at least earning a minimum profit margin.

The counterpart, the demanders, are affected because their purchasing power is decreased by setting the price at a certain level without the option of going down from there. Besides, the higher the price, the more taxes consumers will be paying. The disadvantage of price floors is surplusses in production that are the result of demanders not being able to pay the price set by the government. Eventually, government agencies purchase the surplus quantity in an attempt to keep the equilibrium in the market.

Price supports on agricultural goods provide benefits to suppliers but lead to higher prices for consumers, surpluses that the government must purchase, and a higher tax burden for society. Therefore, the correct answer is e. generate all of the above consequences.

Price supports, such as those placed on agricultural goods, have multiple consequences. These government enforcements are designed to maintain a minimum price by directly purchasing the goods or providing subsidies, which can lead to various effects.

The answer to the student's question would be e. generate all of the above consequences. Price supports benefit suppliers by ensuring they receive a certain minimum price for their goods, thus increasing producer surplus. However, they hurt demanders since they face artificially higher prices than what the market might have offered without such controls.

Also, they create surpluses because when the price is held above the equilibrium, quantity supplied exceeds quantity demanded, and these surpluses are usually purchased by the government. This action, in turn, imposes a higher tax burden on society to finance the government purchases of the surplus, and can lead to a deadweight loss (DWL), reflecting the loss of economic efficiency.

While such interventions aim to stabilize markets and ensure sufficient income for producers, they can lead to distortions in market functioning and carry a cost for society as a whole. Thus, they are a subject of debate since the goal is to balance the benefits of subsidies with the need to minimize negative externalities.

Answer:

Incremental Analysis for special order

units                                                                   10,000

offer price                                                          $290,000

Variable cost:

Cost of goods sold($22.5 *10,000)     225,000

Selling and Administrative expenses

($2.05*10,000)                                       20,500

shipping cost (0.77*10,000)                  7,700       (253,200)

Additional contribution                                            36,800

Explanation:

variable cost goods sold per unit  =  ( 3,633,000 - 960,000)/118800 = $22.5

Variable selling and admin expense per unit = ( 517,540 - 274,000)/118800                  

                                                                         = $ 2.05

Answer:

$104,000

Explanation:

The cash flow statement categories the company's transactions in a financial period into 3 groups; these are operating, investing and financing.

The net profit/loss, depreciation, changes in current assets (other than cash) and liabilities are considered as operating activities including income taxes.  

The sale of assets, interest received, purchase of investments are examples of investing activities while the issuance of stocks, debt principal deduction (loan settlement), issuance of debt securities etc are examples of financing activities.

An increase in assets other than cash is an outflow while an increase in liabilities is an inflow. Depreciation and other non-cash expenses deducted in the income statements are added back while the non-cash income such gain on asset are deducted from net income.

As such,

Cash provided by operating activities

= $10,000 + $40,000 + $12,000 + $35,000 - $1,000 + $8,000

= $104,000

Answer:

Cash was provided by operating activities is $84,000.

Explanation:

To arrive at the cash was provided by operating activities, we need to prepare an extract of statement of cash flows (operating activities) as follows:

Statement of cash flows (extract)

Net loss                                                            ($10,000)

Add: Depreciation                                            $40,000

Decrease in accounts receivable                    $12,000

Decrease in inventories                                   $35,000

Increase in accounts payable                            $8,000

Less: Increase in prepaid expenses                   $1,000

Net cash flows from operating activities      $84,000

Note that the purchase of treasury stock of $50,000 belongs to cash flows from financing activities.

Answer:

(a). For every additional square foot of area of a house, the price is predicted to increase by $61

(b) The asking price is $145410 and the residual is a negative $4100

Explanation:

As per the data given in the question,

a) From regression equation Slope = 0.061

So slope = (0.061 × 1,000) ÷ 1 sq. ft.

= $61 per sq. ft.

For every additional square foot area price is increased by $61

b) If size of the house is = 1600 square foot then

Price = 47.81 + 1600*0.061

=$145,410

The asked price is $4,100 less than estimated price and residual is not positive

Hence,

Asking price = $145,410

Residual price = a negative $4,100

Final answer:

The level of required new funds for BHS Inc. is calculated by finding the differences between the increases in assets, increases in liabilities, and the dividends paid out from profits. For BHS Inc., this results in required new funds of $60,000.

Explanation:

The student is seeking to understand the level of required new funds for BHS Inc., given its projected increase in sales, asset and liability structure, profit margin, and dividend payout ratio. To calculate this, we must follow several steps.

Calculate the projected increase in assets and liabilities based on the new sales figure.

Determine the profits based on the new sales and profit margin.

Calculate the dividends to be paid out based on the profit and dividend payout ratio.

Finally, deduce the required new funds by subtracting both the increase in liabilities and dividends from the increase in assets. The remaining balance reflects the new funds required.

Let's break this down:

Projected increase in assets: $500,000 x 0.70 = $350,000 (new asset level) - $300,000 x 0.70 = $210,000 (current asset level) = $140,000 increase.

Projected increase in liabilities: $500,000 x 0.30 = $150,000 (new liability level) - $300,000 x 0.30 = $90,000 (current liability level) = $60,000 increase.

Projected profits: $500,000 x 0.10 = $50,000.

Dividends paid: $50,000 x 0.40 = $20,000.

Required new funds: $140,000 (increase in assets) - $60,000 (increase in liabilities) - $20,000 (dividends paid) = $60,000.

Answer:

(a) The required journals are:

Debit Note receivable $8,000

Credit Accounts receivable $8,000

(To record note receivable)

(b) Adjustment for interest its earned to its December 31 year-end:

Debit Interest receivable $80

Credit Interest revenue $80

(To record interest receivable on notes as at 31 Dec)

(c) Receipt of interest on the note at maturity

Debit Cash $240

Credit Interest receivable $240

(Being receipt of interest on note at maturity)

(d) Receipt of principal on the note at maturity

Debit Cash $8,000

Credit Note receivable $8,000

(Being receipt of note principal at maturity)

Explanation:

Note is a promissory note with a written promise made by the borrower to the lender (payee) to pay a certain, definite sum at a specified date.

Interest revenue on the note is calculated as: Principal x Interest Rate x Time

The total interest revenue is $8,000 x 6%/12 x 6 months = $240.

Monthly interest revenue is therefore $240 / 6 months = $40.

Total interest as at December 31 (Nov 1 - Dec 31): $40 x 2 months = $80.

Answer:

$100,000 sales revenue and $5,833 interest revenue

Explanation:

The computation is shown below:

For interest revenue

= (Face value - fair value of the equipment) × number of months ÷ total number of months in a year

= ($110,000 - $100,000) × 7 months ÷ 12 months

= $5,833

The seven months is calculated from June 1 to December 31

And, the fair value of the equipment on the sale date i.e $100,000 is also recognized

Answer:

Allow its cost to increase

Explanation:

Under Profit regulation or average-cost pricing, the government will require that the firm charge the price at which long-run average cost intersects the demand curve. If the firm lowers its costs, it will notrealize any economic profit because the government will require the firm to lower its price accordingly. If the firm's costs increase, the firm will not suffer economic losses because the government will allow the price to rise accordingly. As a result, the firm faces no incentive to lower costs and no penalty for allowing costs to rise. The firm's costs will likely creep upward over time

Answer:

Over time, the local Telephone company will most likely permit an increase in their company's cost.

Explanation:

The average cost pricing rule is a pricing strategy that government impose on certain businesses to limit what they are able to charge consumers for its products or services to a price equal to the costs necessary to create the product or service.

This implies that businesses will set the unit price of a product relatively close to the average cost needed to produce it.

Under profit regulation or average-cost pricing, the telephone company's wish to maximize profit can only be effective under the government's regulation if they allow their cost to increase.

The employer should record a payroll taxes expense of $866.78 for the month of January, derived from calculating and summing up Social Security tax, Medicare tax, FUTA and SUTA taxes for the employee's earnings.

To determine the amount the employer should record as payroll taxes expense for the month of January, one must consider Social Security tax, Medicare tax, federal (FUTA) and state (SUTA) unemployment taxes. The employee's gross earnings for the month of January are $6,350.

The Social Security tax is 6.2% of gross earnings ($6,350 * 0.062 = $393.70) and Medicare tax is 1.45% of all earnings ($6,350 * 0.01450 = $92.08).

The FUTA and SUTA rates are applied to the first $7,000 of employee's pay. Therefore, if this is January and the employee has not yet hit that threshold, calculate FUTA tax (0.6%) as $6,350 * 0.006 = $38.10, and SUTA at 5.4% as $6,350 * 0.054=$342.90.

Now, add all of these totals together to get: $393.70 + $92.08 + $38.10 + $342.90 = $866.78.

So the amount the employer should record as payroll taxes expense for the month is $866.78.

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Answer:

National will prevail with regards in recovering the damages, but not for all the damages that it looks for. Overland's inability to perform quickly is a break of agreement for which National can recover damages. Although, the late delivery of pump by the Overland's, National is qualified for recover the cost of renting the pump for the five days that Overland delayed. Costs that are caused legitimately by a breach of agreement.

Answer:

Exclusive

Hope this helps :)

Answer:

The correct answer is letter "B": Exclusive.

Explanation:

The Level of Distribution Coverage refers to the scope a company sets for the reach of its product. The degree of coverage will depend on the type of goods offered and the location of the target market. Those distribution levels could be of mass coverage, selective coverage, and exclusive coverage.

Exclusive coverage distribution is selected when offering high-end products. As these goods tend to be expensive, the likelihood of being regularly purchased decreases what allows the company to have a few distribution centers providing the good to a limited number of stores usually located in areas where people with high buying power live.

Answer:

Explanation:

The process adopted by Kraus steel is process cost. A process cost is used to assign cost when there is a mass production of identical goods with continuous and various stages of production

                                           Input      Conversion%       Output

Opening inventory           3,400             80                 2720

October process               55,900         100                55900

                                            59,300                                58620

Closing Inventory                   2800          50                  1400

Total units                               62100                               60020

The total equivalent units for direct materials for October in the Rolling Department of Kraus Steel Company are 58,700 equivalent units. Since materials are added at the beginning of the process, both completed units and ending work in process inventory are considered 100% for materials cost.

To calculate the total equivalent units for direct materials for October in the Rolling Department of Kraus Steel Company, we consider that materials are added at the beginning of the process, and therefore any tons of steel in process or completed will have 100% of the materials costs applied to them. To find the total equivalent units, we add the following: the tons completed and the ending work in process inventory (considering the completion percentage is irrelevant as the materials are added at the beginning).

The calculation is as follows:

Therefore, the total equivalent units of materials cost for October are:

55,900 (completed) + 2,800 (ending WIP) = 58,700 equivalent units

Answer:

$4 million in new debt at 10% annual coupon

500,000 shares x $18.10

new year's expected dividend = $0.48

taxes will decrease by $160,000

Compuvac will need to pay $4,000,000 x 10% = $400,000 in interests for the bonds that it plans to issue new year. That is why their taxes will decrease by $160,000 = total debt payments x tax rate = $400,000 x 40%

It will also need to pay $0.48 x 500,000 shares = $240,000 in additional dividends.

The increase in additional funds needed (AFN) = total interest paid for the bonds - less taxes + additional dividends = $400,000 - $160,000 + $240,000 = $480,000

Answer:

The correct answer is number (3): in developing relevant information for management decisions.

Explanation:

Incremental analysis is a study firm makes to allocate resources efficiently. It can be used at the moment of comparing the costs of different products to be manufactured to select the lowest that provides more benefits. Incremental analysis can also be implemented at the moment of identifying how a scarce resource should be used ensuring it brings the highest returns possible.

Incremental analysis, also known as differential or marginal analysis, helps managers to make more informed decisions, then.

Incremental analysis is most useful in developing relevant information for management decisions and in choosing between capital budgeting methods.

Incremental analysis is most useful in developing relevant information for management decisions. It involves analyzing the costs and benefits of different alternatives and making decisions based on the incremental effects of those alternatives. For example, when deciding whether to introduce a new product, a company can use incremental analysis to compare the additional revenue and costs associated with the new product to determine if it is financially feasible.

Incremental analysis can also be useful in choosing between capital budgeting methods. When considering different investment opportunities, a company can use incremental analysis to assess the incremental cash flows and benefits of each option. By comparing the incremental benefits and costs, the company can make an informed decision on which capital budgeting method to pursue.

Overall, incremental analysis is an effective tool in helping businesses make informed decisions, whether it's evaluating management decisions or choosing between capital budgeting methods.

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Answer:

False Pretenses

Explanation:

From the question given, jack is involved in the crime called false pretenses. He receives money by which he mentions things that are not true.

He brings out a false annual reports of profitable returns for a a non existing company or organisation. This representation is false with actual facts.

Answer:

Labor union enable workers to voice concerns about working conditions and safety issues, making them more confident and less intimidated by their employers and thus more productive.

Labor unions foster a more stable work force, decreasing turnover.

Unions are always more efficient than firms at discerning which workers are highly skilled and which are not.

Explanation:

Labor unions improve productivity by improving employee satisfaction, decreasing turnover and attracting trianed skilled labor

Final answer:

Higher union wage rates, improved work conditions, workforce stability, job training, and apprenticeship programs all contribute to the higher productivity of union workers compared to nonunion workers.

Explanation:

Union workers might exhibit higher productivity than their nonunion counterparts due to several factors that unions bring into the workplace dynamic. First and foremost, higher union wage rates may incentivize workers to perform better because they feel that their efforts are being more fairly compensated, leading to an increase in productivity. Moreover, unions advocate for better work conditions and safety, which can enhance worker confidence and productivity.

In addition to providing a greater sense of security to workers, labor unions contribute to workforce stability by reducing turnover, which means that employers spend less on training and hiring. A stable workforce also accumulates years of experience, which can directly translate to better productivity. Furthermore, many unions offer valuable job training and apprenticeship programs that help workers develop their skills, allowing them to work more efficiently and effectively.

Firms may also adjust their production methods based on union demands for higher wages by investing in more physical capital and less labor, thereby inadvertently increasing labor productivity. This adaptation may not necessarily reflect the individual productivity of union workers but rather an improvement in the overall process.

Answer:

$107,500

Explanation:

There is No loss recognized by State and a basis in the land of $535,000 to Packard.

The State does not recognize the loss of $107,500 because the liquidation is tax-deferred to Packard. Packard's basis in the land is equal to State's basis in the land.

Answer:

No loss or gain is recognized by State Company and Packard's basis in the land will be $535,000

Explanation:

State Company does not have to recognize any loss or gain regarding the distribution of the land. Packard's basis for the land will be equal to State's basis = $535,000.

Since the liquidation involves 100% of the company's stocks, section 332 applies. This means that no gain or loss must be recognized by State Company.

Answer:

$3,093

Explanation:

Hensley, Inc.

Bank Reconciliation Statement

Month Ended June 30

Balance as Hensley, Inc. record $3,100

Less: Service Charges $7

Adjusted Cash Balance $3,093

Cash Balance as per Bank Statement $3,900

Add: Deposit in Transit $700

Less: Outstanding checks* $1,507

Adjusted Cash Balance $3,093

*Outstanding Checks = Balance as per Bank Statement + Deposit in Transit - Adjusted Cash Balance

Outstanding Checks = $3,900 + $700 - $3,093

Outstanding Checks = $1,507

The adjusted cash balance at June 30 can be calculated by adding the deposit in transit, deducting the bank service charge, and deducting the outstanding checks.

The adjusted cash balance at June 30 can be calculated by adjusting the Cash account balance in the ledger to reconcile it with the bank statement balance.

By applying these adjustments, we can calculate the adjusted cash balance at June 30.

This business finance question involves understanding the concepts of notes receivables, interest calculations, and time value of money. It specifically references transactions with notes receivable, including time extensions on past due accounts, calculating accrued interest, and handling dishonored notes or written-off accounts. The interest on notes can be calculated using the formula: Interest = Principal x Rate x Time.

The subject of this question revolves around notes receivable and interest calculations in business finance. A few key transactions involving notes receivable are provided. First, Miranda Lee is given a time extension on her past due account, which means she defaults on a loan with a $15,000 principal amount and a 45-day term at a 7% interest rate. The accrued interest is then calculated and added to the principal when she makes her payment. The second and third scenarios involve similar transactions with the Tomas Company and H. Cheng. The primary difference with H. Cheng's note is that it is dishonored, which means he defaults on his payment and the debt is written off. Interest on these loans can be calculated using the formula: Interest = Principal x Rate x Time, where Time is the portion of the year the note is outstanding, Rate is the note's interest rate, and Principal is the note's face value. Some concepts involved are future value, present value, interest rates and time value of money.

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Final answer:

Accounts Receivable, accrued interest, dishonored notes.

Explanation:

Accounts Receivable represent amounts owed to a company for goods or services provided on credit terms. When a note is accepted, it signifies a formal promise to pay a specific amount at a future date with interest.

Accrued interest is the interest that has accumulated on a note but has not been paid or recorded yet. Adjusting entries are made to recognize this interest as it is earned over time.

When a note is dishonored, it means that the maker of the note fails to make the required payment, leading to potential financial implications for the payee.

Answer: attached picture.

Answer:

Its B :)

Explanation:

Answer:

See attached file

Explanation:

Answer:

Explanation:

The plaintiffs must exhaust their administrative remedies before a court of law  would grant them the opportunity to pursue a legal action against the lottery board because it might a breach in communication or administration from the lottery board or the lottery director and the plaintiffs should  seek to resolve the issues without having to seek a legal action but through administrative remedies and procedures which more swift in resolving such issues

Yes, the plaintiffs must first exhaust their administrative remedies before going to court. This involves filing a complaint with the administrative agency, allowing them to investigate and potentially correct the issue. Only after this step can they seek judicial review.

Based on the provided information, it can be inferred that the plaintiffs would need to exhaust their administrative remedies before proceeding to legal litigation. This is because the state lottery law provides for administrative hearings for complaints alleging violations of the lottery law. Essentially, the plaintiffs must first file a complaint with the administrative agency responsible for the lottery and allow them to investigate and possibly remedy the situation. Only if the plaintiffs are unsatisfied with the final order of the administrative agency may they seek judicial review. This process is known as 'exhausting administrative remedies' and is generally a prerequisite before court proceedings. It helps to ensure that administrative agencies have the opportunity to correct their own errors and applies their expertise where appropriate.

The requirement to exhaust administrative remedies is also part of the rule of law that respects the separation of powers. In this context, the disputes would first have to be directed at the administrative level, which is the branch of government responsible for implementing and managing state programs such as lotteries. Turning to the administrative system allows for potential errors to be corrected without the immediate need for judicial intervention.

However, it's important to notate that exhaust administrative remedies rules vary by jurisdiction, and exceptions may exist depending on the specifics of the case.

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Answer:

The answer is:

1. When the consumer's preferred product is sold out or not in the market again.

2. When a consumer is deriving a disutility from a product and the producer of the product fails to address the situation

Explanation:

Consumers are believed to be rational when it comes to taking consumption decisions. Consumers' consumption is not always constant or the same sometimes there are deviations from the norms and the following reason could be some of the reasons.

1. When the consumer's preferred product is sold out or not in the market again. Consumers in this category will need to go for alternative or substitute goods after evaluating his choices.

2. When a consumer is deriving a disutility from a product and the producer of the product fails to address the situation. The rational consumer will have to abadon this product and go for the alternative.

These two reasons can make consumers to change their preference.

Answer:

20

Explanation:

The marginal cost refers to the cost a company has when an additional unit is manufactured and it is calculated using the formula:

Marginal Cost= change in costs / change in quantity

Change in cost in this case is 20 as the last unit of labor hired costs an additional 20 per hour.

Change is quantity is 1 as the hourly production increases from 250 to 251 units.

Marginal Cost=20/1

Marginal Cost= 20

The marginal cost of the 251st unit of​ output was 20.

Answer:

$2.22 per moves

Explanation:

Activity rate for moving =expected cost/Expected no of moves =$200000/90000 =$2.22 per mover

Answer:

The answer is $36,000.

Explanation:

If the average individual earns an annual salary of $60,000 and the government reduces all salaries and prices by 40%, then the salary of the average individual annualy decreases by $24,000 and comes down to $36,000 per year. But since the costs of services and prices of goods recude by 40% as well, it doesn't change the real salary.

I hope this answer helps.

The average individual now earn is $36,000.

= Annual salary × (1 - reduced percentage)

= $60,000 × (1 - 0.40)

= $60,000 × 0.60

= $36,000

Therefore we can conclude that The average individual now earn is $36,000.

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