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2 years ago

If a 10 pound bag of dog food sells for $6. 99, what is the per unit cost of the dog food?

Business

1 answer:

Temka [501]2 years ago

7 0

If a 10-pound bag of dog food sells for $6. 99, then $-3.01 is the per unit cost of the dog food.

The unit method is a method of solving a problem by first finding the value of a single unit, then multiplying the value of that single unit to find the necessary value.

For example, to solve this problem: How far does he walk in his 7 hours?", first calculate how far the person walks in his 1 hour. We can assume that he will run half the distance in half the time. Therefore, dividing by 2, the man said that in one hour he would walk 3.5 miles. Multiply by 7 by 7 hours and the man will walk 7 x 3.5 = 24.5 miles. That is, take the distance traveled by the man as X and divide by the given distance (7 (x/7)). equals the time it takes to travel X distance (7 hours) divided by the time it takes to travel 7 miles (2 hours) (7/2) so x/7=7/2 so X = 24.5 miles.

Learn more about Unitary Method here: brainly.com/question/19423643

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Klingon Widgets, Inc., purchased new cloaking machinery four years ago for $8 million. The machinery can be sold to the Romulans

alisha [4.7K]

Answer and Explanation:

The computation is shown below:

But before that we need to find out the current asset which is

The Net working capital = Current assets - current liabilities

$246,000 = Current assets -$790,000

So, the current assets is $1,036,000

Now the book value of Klingon’s total assets is

Total assets = Current assets + net fixed assets

= $1,036,000 + $6,000,000

= $7,036,000

The sum of market value of NWC and fixed assets is

= Market value of net working capital + market value of fixed assets

= $1,130,000 + $7,400,000

= $8,530,000

7 0

3 years ago

What is the United States currency linked to?

ElenaW [278]

The U.S. dollar is fiat money, as are the euro and many other major world currencies. This approach differs from money whose value is underpinned by some physical good such as gold or silver, called commodity money. The United States, for example, used a gold standard for most of the late 19th and early 20th century

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3 years ago

Read 2 more answers

The broccoli market is perfectly competitive. This means that the price of broccoli is ________ than the price would be if the m

LiRa [457]

Answer:

Price is lower than ; Quantity is higher than Monopolistic Competition

Explanation:

Perfect Competition is a market form with many buyers & sellers, selling homogeneous products at constant prices. Having uniform prices, It has perfectly elastic horizontal demand (Average Revenue) curve, ie = Marginal Revenue curve. Equilibrium price is where MR = MC ; So price = MC. This leads to optimal quantity supplied in market

Monopolistically competitive is market form having many sellers, selling slightly differentiated products, at different prices. Their demand curve (AR curve) is usually downward sloping, lies above the MR curve. Market equilibrium quantity is determined at MR = MC. The corresponding price is determine as per higher demand (AR) curve. Price > MC implies less than optimal quantity supplied in markets

Hence : Broccoli would be lower priced & higher supplied in case of perfect competition market, relatively higher priced & less supplied in case of monopolistic competition market.

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3 years ago

Which of these is a major advantage of a market economy?

Fofino [41]

These is a major advantage of a market economy is it can change direction rapidly when needed as markets change. Thus second option is correct.

<h3>What is Market Economy?</h3>

Market Economy refers to the economy in which the prices of the goods and services are determined by the two market forces that are supply and demand.

There is a less control of the government in the market economy and therefore all the decisions are taken by the private individuals. Thus option 1st is incorrect.

The Prices of the goods and services are determined by the supply and demand forces and the prices are kept as per the affordability of the customers. Thus option 3rd is also incorrect.

Therefore the correct option is 2nd one as the market changes the price of the good and services are also effected and get changed.

Learn more about Market economy here:

brainly.com/question/14164189

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2 years ago

Which examples would a student of macroeconomics study? check all that apply. the impact of competition on a bakery the effects

antiseptic1488 [7]

The answer is 2,3,5 hope this helps :)

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3 years ago

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