Common between optimization using total value and optimization using marginal analysis is:
Both techniques require the conversion of all costs and benefits into a common unit of measurement.
What is the principle of optimization at the margin?
The Principle of Optimization at the Margin states that an optimal feasible alternative has the property that moving to it makes you better off and moving away from it makes you worse off.
Optimization using total value:
calculates the change in net benefits when switching from one. alternative to another.
optimization using marginal analysis:
calculates the net benefits of. different alternatives.
Total Value analysis :
has a wide range of applications. The analysis can be used to assess an organization's key impacts, or provide more detailed information such as an assessment of the life cycle impacts of a product.
marginal analysis:
is an examination of the additional benefits of an activity compared to the additional costs incurred by that same activity. Companies use marginal analysis as a decision-making tool to help them maximize their potential profits.
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A. 4.8%
B. 1.04%
C. 13.6%
D. 11.5%
A. 9%
B. 3.53%
C. 5.3%
D. 11.1%
Answer:
B. The demand is more elastic than supply .
Explanation:
Demand & supply are buyers & sellers ability , willingness to buy & sell respectively .
Elasticity means responsiveness of demand & supply to prices.
'Tax burden' can be forwarded / shared only in case of Indirect taxes , whose burden & incidence lie on different people.
The burden falls on the party (consumers / suppliers) whose market element (demand / supply) is inelastic i.e less responsive to prices.
So , if sellers are bearing larger burden : It means demand is relatively elastic & supply is relatively inelastic.
Answer:
$241,500
Explanation:
Calculation for What amount should Sunland report as its December 31 inventory
December 31 inventory per physical count $190,500
Add Goods-in-transit purchased FOB shipping point $29,000
Add Goods-in-transit sold FOB destination $22,000
December 31 Inventory $241,500
($190,500 + $29,000 + $22,000 = $241,500)
Therefore What amount should Sunland report as its December 31 inventory is $241,500