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3 years ago

For which market structure do economists have the least precise model of price determination?

1 answer:

4 0

The market structure for which economists have the least precise model of price determination is oligopoly.

Oligopoly is a market structure in which a small number of firms has the large majority of market share.

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Jobs Inc. has recently started the manufacturer of Tri-Robo, a three-wheeled robot that can scan a home for fires and gas leaks

trapecia [35]

Answer:

Jobs Inc.

1. The offer should not be accepted.

2. The offer should be accepted.

Explanation:

a) Data and Calculations:

Units of Tri-Robos to be manufactured = 21,300

Costs of manufacturing:

Direct materials $1,086,300

Direct labor ($39 per robot) 830,700

Variable overhead ($5 per robot) 106,500

Allocated fixed overhead ($28 per robot) 600,000

Total $2,623,500

Unit cost = $123.17 ($2,623,500/21,300)

Price from Tiench Inc per unit = $113

Total offer price = $2,406,900 ($113 * 21,300)

Make Buy Net Income Increase (Decrease)

Direct materials $1,086,300 $ $

Direct labor 830,700

Variable overhead 106,500

Fixed overhead 195,000

Purchased price 2,406,900

Totals $2,218,500 $2,406,900 $188,400 Decrease

Make Buy

Direct materials $1,086,300

Direct labor ($39 per robot) 830,700

Variable overhead ($5 per robot) 106,500

Allocated fixed overhead ($28 per robot) 600,000

Total $2,623,500 $2,406,900

Opportunity cost 375,000

Total $2,998,500 $2,406,900 $591,600

8 0

3 years ago

Your shared monthly living expenses (rent + utilities) have been $750 per month, living with three

gizmo_the_mogwai [7]

Answer:

Your shared monthly living expenses (rent + utilities) have been $750 per month, living with three other students. One of your roommates has to suddenly move out! How much will your share of the expenses increase to, until you can find a new roommate?

if $750= 1 month

?= 12 months

then we have; $9000 per year shared by 4 friends

9000/4= $2250 per person in a year and

2250/12= $187.5 per person in a month

If someone left, then we have

$750= 1 month

?= 12 months

$9000/3= $3000 per person in a year

$3000/12= $250 per person in a month

So therefore, the share of expenses monthly increases from $187.5 to $250

Explanation:

7 0

3 years ago

Helpppp ASAPPP

crimeas [40]

List three services provided by a travel agent that benefit a business person who travels overseas frequently?
Familiarity with preferences for departure and return, seating is desirable and reliable

6 0

3 years ago

William and Charlotte Collins divorced in November of Year 1. William moved out and Charlotte remained in their house with their

musickatia [10]

Answer:

Charlotte has the priority to claim Autumn as her dependent even though William covered 70% of her living expenses during the year. In order for a parent to be able to claim a child as a dependent, he/she must live with the child for more than half the year. In this case, since William left the house, Charlotte has preference over claiming Autumn as her dependent (even though William lived with Autumn for 10 months). Also, a parent always has priority over other relatives including a grandparent.

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3 years ago

At your workplace, you have been asked to give a presentation to your co-workers regarding their retirement options. Write a spe

3241004551 [841]

Answer:

Greetings, fellow companions. Today I want to talk to you about preparing for the future, for retirement, or anything else in your lives. Please listen carefully as we might save money, but not plan our life. The first factor that makes planning our future so important is that we all have things we want to do in our lives, but not having a strategy separate us from reaching our goals. The second factor that makes me talk about this is that majority of us are not prepared for what the future might have for us. Therefore we need to reduce our risks and our exposure to the events that are most likely going to be part of our life, like paying for our children's college or building a family business. Therefore, I invite you to plan your future, because if we don't do it. We are not going to be able to accomplish our goals.

Explanation:

The reasons backing my answer are that in the first place planning for the future is not very common, even though when we have savings accounts or retirement funds accounts. However, that is only a part of the whole process. Because we might not have seen the full picture to know exactly what are our requires steps to accomplish our goals. For example, if we want a strawberry farm that could provide money for our family, and their children we need to have the land, the knowledge, and the plans to develop our goal. Because if we only save and leave the planning for later. We might overwait, and when never take the first step. What would be the case if a strawberry farm would cost only fifty thousand dollars, and we keep working until we have five hundred thousand. We might have more money but we would have no plan, and we might have time past so far that we might help the children with the farm.

7 0

3 years ago

For which market structure do economists have the least precise model of price​ determination?

For which market structure do economists have the least precise model of price determination?