Brice is going to purchase a hi-def, flat-screen TV. He has decided on everything except the screen size. The unit with the 42-inch screen costs $600 while the unit with the 47-inch screen costs $750 . In making this decision, which concept should Brice use?

a. Marginal utility
b. Time value of money
c. Total utility
d. Marginal tax rates


a

Business

You might also like to view...

A disadvantage of _____ software applications is that they are less likely to be compatible with other organizations' systems.

A. licensed B. open-source C. purchased D. custom-designed

Business

List at least four of the communications phenomena that currently affect the need to manage crisis

What will be an ideal response?

Business

The ________ is the federal agency responsible for enforcing most federal antidiscrimination laws

A) Equal Employment Opportunity Commission (EEOC) B) Fair Employment Practices Agency (FEPA) C) Age Discrimination in Employment Agency (ADEA) D) Bona fide occupational qualification Agency (BFOQA)

Business

Kent Co. manufactures a product that sells for $50.00 and has variable costs of $24.00 per unit. Fixed costs are $260,000. Kent can buy a new production machine that will increase fixed costs by $11,400 per year, but will decrease variable costs by $3.50 per unit. Compute the revised break-even point in units if the new machine is purchased.

A. 8,814 units. B. 9,200 units. C. 10,438 units. D. 10,000 units. E. 9,869 units.

Business