To get the break-even point, the Total Cost must equal to
the Total Revenue or Profit. The Total Cost is the sum of Fixed Costs and
Incremental Costs. Fixed costs are depreciation, advertising and insurance which
is equal to $5,871 per month. Incremental Costs are weed and feed materials,
direct labor, and fuel which is equal to $32 per lawn. The Marginal Revenue is
equal to $89 per lawn. Letting “N” to be the break-even point in number of
lawns, the break-even equation becomes: $5,871 + $32N = $89N. Then calculating
N, the break-even number of lawns is equal to 103.
Answer:
55 cents
Explanation:
75 cents each for a taco
$1,50 for two tacos (75×2)
80 cents for a medium drink
Total cost =1.50+0.80=$2.30
Additional taco =2.30+0.75=$3.05
Value meal =$2. 50
The marginal cost for Jordon to purchase an additional taco instead of the value meal =
3.05-2.50=55 cents
There is no contract here. There was never an offer to publish the stories. Just because Ollie said "I accept" does not qualify this interaction as a contract since the post specifically says "we might share it". There should be no reasonable assumption that the website will publish EVERY story submitted.
Answer:
$135.52
Explanation:
Calculation for How much would it cost to buy a similar amount of goods and services in 2016
Using this formula
Cost to buy similar amount of goods and services in 2016=Amount in 2001x (Price level 2016/Price level 2001)
Let plug in the formula
Cost to buy similar amount of goods and services in 2016=$100*(240.0/177.1)
Cost to buy similar amount of goods and services in 2016=$100*1.3552
Cost to buy similar amount of goods and services in 2016=$135.52
Therefore How much would it cost to buy a similar amount of goods and services in 2016 is $135.52
