Aconsumer is currently purchasing three pairs of jeans and five t-shirts per year. the price of jeans is $30, and t-shirts cost $10. at the current rate of consumption, the marginal utility of jeans is 60, and the marginal utility of t-shirts is 30. is this consumer maximizing his or her utility? would you suggest that he buy more jeans and fewer t-shirts, or more t-shirts and fewer jeans?

Teller co. is planning to sell 900 boxes of ceramic tile, with production estimated at 870 boxes during may. each box of tile requires 44 pounds of clay mix and a quarter hour of direct labor. clay mix costs $0.40 per pound and employees of the company are paid $12.00 per hour. manufacturing overhead is applied at a rate of 110% of direct labor costs. teller has 3,900 pounds of clay mix in beginning inventory and wants to have 4,500 pounds in ending inventory. what is the total amount to be budgeted for manufacturing overhead for the month?

Based on the supply and demand theory, why do medical doctors earn higher wages than child-care workers?

For the year ended december 31, a company has revenues of $323,000 and expenses of $199,000. the company paid $52,400 in dividends during the year. the balance in the retained earnings account before closing is $87,000. which of the following entries would be used to close the dividends account?