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2 years ago

Five fundamental economic problems

Business

1 answer:

prisoha [69]2 years ago

5 0

Answer:

Explanation:

What to produce and what quantity to produce?

How to produce?

For whom to produce the goods?

How efficient are the resources being utilised?

Is the economy growing?

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In 2019, Teller Company sold 3,000 units at $600 each. Variable expenses were $420 per unit, and fixed expenses were $270,000. T

Yuliya22 [10]

Answer:

Break-even point in units= 1,500

Explanation:

Giving the following information:

Selling price= $600

Unitary variable cost= $420

Fixed cost= $270,000

To calculate the break-even point in units, we need to use the following formula:

Break-even point in units= fixed costs/ contribution margin per unit

Break-even point in units= 270,000 / (600 - 420)

Break-even point in units= 1,500

8 0

3 years ago

The fixed cost of conducting the four promotions is estimated to be 18000 dollars with a variable cost of 3.75 dollars per custo

mote1985 [20]

Answer:please refer to the explanation section

Explanation:

The Question is incomplete. the question requires us to calculate minimum number of customers required to cover costs of promotions, to calculate the minimum number of customers required we need a price per customer. let us assume the price $6

Variable costs = $3.75

Fixed costs = $18000

Minimum Customers Required = Fixed costs/(Price - Variable cost)

Minimum Customers Required = 18000/6 - 3.75 = 8000

8000 customers are required

4 0

3 years ago

Consumer surplus Select one: a. is the amount of a good that a consumer can buy at a price below equilibrium price. b. is the am

Burka [1]

Answer:

b. is the amount a consumer is willing to pay minus the amount the consumer actually pays.

Explanation:

Consumer surplus = willingness to pay less price of the good.

Let assume a student is willing to pay $30 for a book and the price of the book is $15. The student's consumer surplus is $30 - $15 = $15

I hope my answer helps you

8 0

3 years ago

Robert is a single taxpayer who has AGI of $145,000 in 2019; his taxable income is $122,000. What is his federal tax liability f

PolarNik [594]

Answer:

His tax liability for 2019 (due April 2020) is $23,359.50

Explanation:

Since Robert s a single filer, he falls under the fourth tax bracket: income between $84,201 to $160,725. His marginal tax rate is 24%, and his total taxes due are as following:

tax rate earnings taxes due

10% $0 – $9,875 $987,50

12% $9,875 – $40,125 $3,630

22% $40,126 – $85,525 $9,988

24% $85,526 – $122,000 $8,754

total $23,359.50

*Option C is the closest one, but it used the 2018 tax brackets, not the 2019.

7 0

3 years ago

Transfer payments alter household income, but they do not reflect the economy's production.

Dominik [7]

I think it might be true, I’m so sorry if I’m wrong

8 0

2 years ago

Five fundamental economic problems​

Five fundamental economic problems