Pencils sell for 10 cents and pens sell for 50 cents. suppose jack, whose preferences satisfy all of the basic assumptions, buys 5 pens and one pencil each semester. with this consumption bundle, his mrs of pencils for pens is 3. which of the following is true?

a. jack could increase his utility by buying more pencils and fewer pens. your answer is correct.
b. jack is at a corner solution and is maximizing his utility.
c. jack could increase his utility by buying fewer pencils and fewer pens.
d. jack could increase his utility by buying more pens and fewer pencils.
e. jack could increase his utility by buying more pencils and more pens.

Oerstman, inc. uses a standard costing system and develops its overhead rates from the current annual budget.the budget is based on an expected annual output of 120,000 units requiring 480,000 direct labor hours.(practical capacity is 500,000 hours)annual budgeted overhead costs total $772,800, of which $556,800 is fixed overhead.a total of 119,300 units, using 478,000 direct labor hours, were produced during the year.actual variable overhead costs for the year were $260,400 and actual fixed overhead costs were $555,450.required: 1. compute the fixed overhead spending variance and indicate if favorable or unfavorable.2. compute the fixed overhead volume variance and indicate if favorable or unfavorable.

Which of the following best describes vertical integration? a. produce goods or services previously purchasedb. develop the ability to produce products that complement the original productc. develop the ability to produce the specified good more efficiently than befored. build long term partnerships with a few supplierse. sell products to a supplier or a distributor

Madeline quits her job, at which she was earning $20,000 per year. she then takes $50,000 out of savings, on which she was earning 10% interest, and uses it to buy supplies for her business. she also pays $10,000 in rent on the building and $15,000 in additional labor costs. in her first year of operations, madeline receives $150,000 in revenue from sales. instructions: round each answer to a whole number. madeline's accounting cost is