Suppose That Romeo Has the Utility Function U =

question 20

Multiple Choice

Suppose that Romeo has the utility function U = S ³_RS¹_J and Juliet has the utility function U = S¹_RS ³_J, where S_R is Romeo's spaghetti consumption and S_J is Juliet's.They have 36 units of spaghetti to divide between them.

• A)Romeo and Juliet would never disagree about how to divide the spaghetti.
• B)Romeo would want to give Juliet some spaghetti if he had more than 18 units of spaghetti.
• C)Juliet would want to give Romeo some spaghetti if she has more than 25 units.
• D)Romeo would want to give Juliet some spaghetti if he has more than 23 units of spaghetti.
• E)Juliet would want to give Romeo some spaghetti if she has more than 27 units of spaghetti.

Classify costs as selling and administrative expenses or factory overhead.

Understand the impact of costs on manufacturing and non-manufacturing environments.

Demonstrate knowledge of the role of depreciation in cost classification.

Identify costs associated with selling and administrative activities.

---

Definitions:

Committee System

A method of delegating legislative or administrative tasks to smaller, specialized groups within a larger organization or governing body, often found in parliaments or congresses.

Congress

A bicameral body that constitutes the legislative branch of the United States, tasked with creating and passing federal laws, comprising two parts: The Senate, representing states equally, and the House of Representatives, representing districts based on population.

Federalists

Supporters of the ratification of the U.S. Constitution, advocating for a strong central government to unite the states and manage national issues effectively.

Anti-federalists

Opponents of the U.S. Constitution’s ratification, fearing that too strong a central government would endanger people's liberties and rights.