Answer:
- marginal revenue equals marginal cost.
- expand; increase profitability
Explanation:
A monopoly would seek to maximize its profit at a point where marginal revenue will equal marginal cost because at this point, resources are being fully and efficiently utilized. If more cost was incurred to produce then marginal cost would exceed marginal revenue and lead to losses.
The same goes for the firm producing at a quantity where marginal revenue is larger than marginal cost. They should expand their production levels so that their marginal cost equals marginal revenue as this will increase profitability.
To calculate Sandra's overtime earnings, you will need to find how many overtime hours Sandra worked and then calculate the amount per hour she will make for the hours over 40 she worked through Saturday.
You will calculate her earnings per hour on Sunday by doubling her per hour rate and then multiplying by the number of hours worked on Sunday.
1. M - F (9 x 5 = 45 hours), so 5 hours overtime and Saturday - is 6 hours (6 + 5 = 11 hours overtime through Sat).
2. $12 x 1.5 = $18 per hour overtime rate; 18 x 11 = $198 through Sat.
3. Sunday: $12 x 2 = $24 per hour; $24 x 4 = $96 on Sun.
4. $198 + $96 = $294
Sandra earned $294 in overtime.
This was 4 years ago - 32 Michele - 35 Shelly
Now - Michele is 36, Shelly is 39
Answer:
Explanation:
Price Per Unit for FE = Selling price - Variable price = 260-186 = $74
Price Per Unit for MB = 365.80-269.88 = $95.92
Price Per Unit for WP = 181.40-127.44 = $53.96
Price per Minute for FE = 74/5.20 = $14.23
Price Per Minute for MB = 95.92/7 = $13.70
Price Per Minute for WP = 53.96/4 = $13.49
The least profitable unit per minute is WP ($13.49 per minute) or $53.96 per unit. So the answer is C
Answer:
1. a) EQUITY = $ 5,036.68
b) DEBT = $ 10,263.32
2. a) EQUITY = $ 4,852.29
b) DEBT = $ 12,247.79
3. PROJECT A
4. Yes
Explanation:
Current market value of the firm’s assets = $13,800
Total Value of Firm = $13800 a-1 NPV of Project A = $1,500 Total Value of Firm if selects Project A = Current Value + NPV of the new Project = $13800 + $1500 = $15,300 Value of debt = $12000 Value of Equity= Value of Firm -Value of Debt = $15300 - $12000 = $3300 a-2 NPV of Project B = $2300 Total Value of firm if selects project B = Current Value + NPV of the new Project = $13800 + $2300 = $16100 Value of Debt = $12000 Value of Equity = Value of Firm -Value of Debt = $16100 - $12000 = $4,100
Therefore,
1. a) EQUITY = $ 5,036.68
b) DEBT = $ 10,263.32
2. a) EQUITY = $ 4,852.29
b) DEBT = $ 12,247.79
3. PROJECT A
4. Yes
