(Consumer Choice and Demand)
|
Nachos ($5) |
pop ($2) |
|||||||
|
Q |
TU |
MU |
MU/$ |
Quantity |
Total Utility |
Marginal Utility |
MU/$ |
|
|
0 |
0 |
0 |
0 |
- |
- |
|||
|
1 |
90 |
1 |
60 |
|||||
|
2 |
150 |
2 |
100 |
|||||
|
3 |
180 |
3 |
120 |
|||||
|
4 |
195 |
4 |
130 |
|||||
|
5 |
205 |
5 |
136 |
|||||
|
6 |
210 |
6 |
140 |
|||||
In: Economics
| Manufacturing overhead | $500,000 | |||
| Selling and administrative overhead | $300,000 | |||
| Assembling Units | Processing Orders | Supporting Customers | Other | |
| Manufacturing overhead | 50% | 35% | 5% | 10% |
| Selling and administrative overhead | 10% | 45% | 25% | 20% |
| Total activity | 1,000 | 250 | 100 | |
| units | orders | customers | ||
| OfficeMart orders: | ||||
| Customers | 1 | customer | ||
| Orders | 4 | orders | ||
| Number of filing cabinets ordered in total | 80 | units | ||
| Selling price | $595 | |||
| Direct materials | $180 | |||
| Direct labor | $50 |
| Compute the overhead cost attributable to the OfficeMart orders | |||||
| Activity Cost Pools | Activity Rate | Activity | ABC Cost | ||
| Assembling units | ? | per unit | ? | units | ? |
| Processing orders | ? | per order | ? | orders | ? |
| Supporting customers | ? | per customer | ? | customer | ? |
In: Accounting
Question No 5:
|
Price |
10 |
8 |
6 |
4 |
2 |
|
Supply |
500 |
400 |
300 |
200 |
100 |
[Answer in 180 – 240 words]
[Draw in paper; take photo and paste/Use MS Word/add screenshot]
In: Economics
a) Using the supply schedule given below, draw an accurately labelled supply curve. Also, comment on the shape of the supply curve. Why does the supply curve slope like this? Explain clearly. Price 10 8 6 4 2 Supply 500 400 300 200 100 [Answer in 180 – 240 words] [Draw in paper; take photo and paste/Use MS Word/add screenshot]
b) Do you think the level of technology available have an impact on the supply of a product? Using examples, discuss the impact of technology on supply. [Answer in 60 – 80 words]
c) What do you think the impact of a change in tax on the supply of a product? Using examples, discuss the impact of tax on supply. [Answer in 60 – 80 words]
microeconomics
In: Economics
On May 22, 2020, the RBI reduced the policy repo rate by 40 bps
(100 bps = 1 per cent), from 4.4 per cent to 4 per cent. The
Marginal Standing Facility (MSF) rate was
reduced to 4.25 per cent and reverse repo rate to 3.35 per
cent.
i) Explain why the inter-bank interest rate (the call money rate)
typically stays inside the
above corridor of policy rates, i.e. the call money rate does not
go beyond the MSF rate and
does not fall below the reverse repo rate.
ii) Explain (using appropriate graphs) the effects of an increase
in CRR on (1) money supply/
money demand, (2) investment expenditure, (3) GDP & price
level.
In: Economics
Nathan’s Grills, Inc., imports and sells premium-quality gas grills. The company had the following layers in its LIFO inventory at January 1, 2014, at which time the replacement cost of the inventory was $900 per unit.
Year LIFO Layer Added Units Unit Cost
2011 100 $600
2012 50 700
2013 30 800
The replacement cost of grills remained constant throughout 2014. Nathan’s sold 200 units during 2014. The company established the selling price of each unit by doubling its replacement cost at the time of sale.
Calculate gross margin percentage in 2014, assuming Nathan's purchased 215 units in 2014.
Calculate gross margin percentage in 2014, assuming Nathan's purchased 80 units in 2014.
In: Accounting
Data concerning Wislocki Corporation's single product appear below:
| Per Unit | Percent of Sales | ||||||||||
| Selling price | $ | 185 | 100 | % | |||||||
| Variable expenses | 37 | 20 | % | ||||||||
| Contribution margin | $ | 148 | 80 | % | |||||||
Fixed expenses are $1,047,000 per month. The company is currently selling 9,300 units per month.
Required:
The marketing manager would like to introduce sales commissions as an incentive for the sales staff. The marketing manager has proposed a commission of $13 per unit. In exchange, the sales staff would accept an overall decrease in their salaries of $107,000 per month. The marketing manager predicts that introducing this sales incentive would increase monthly sales by 430 units. What should be the overall effect on the company's monthly net operating income of this change?
In: Accounting
Crown Co. can produce two types of lamps, the Enlightner and Foglighter. The data on the two lamp models are as follows: EnlightnerFoglighterSales volume in units 580 480 Unit sales price $300 $400 Unit variable cost 200 240 Unit contribution margin $100 $160 It takes one machine hour to produce each product. Total fixed costs for the manufacture of both products are $130,000. Demand is high enough for either product to keep the plant operating at maximum capacity. Assuming that sales mix in terms of dollars remains constant, what is the breakeven point in dollars? (Round intermediate calculations to 4 decimal places and final answer up to the nearest whole number.)
Multiple Choice
$352,973.
$414,721.
$226,573
.$1,053,875
.$396,943.
In: Accounting
Question 1
| Output | total cost | marginal cost | fixed cost | average cost | Total revenue | average revenue |
Marginal revenue |
|---|---|---|---|---|---|---|---|
| 0 | 10 | 0 | |||||
| 1 | 16 | 20 | |||||
| 2 | 26 | 40 | |||||
| 3 | 40 | 60 | |||||
| 4 | 60 | 80 | |||||
| 5 | 88 | 100 | |||||
| 6 | 120 | 120 |
A) Complete the missing data on the table
B) What is the selling price of a laptop case explain your answer
c) What is the profit maximizing level of output for this firm explain your answer
d) create a graph using three columns of data on the table to illustrate the profit maximizing level of output. insert a graph in your Microsoft word study exercise document for submission do not submit a separate file for the graph
In: Economics
In: Accounting