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2 years ago

Kristen Lu purchased a used automobile for 8,000 at the beginning of last year and incurred the following operating costs:

Business

1 answer:

TEA [102]2 years ago

8 0

Depreciation = 8000/5 = 1600

Insurance = 1200

Garage Rent = 360

Automobile tax and license = 40

Variable operating cost = 0.14 per mile

Variable operating costs include gasoline, oil, tires, maintenance, and repairs. Kristen estimates that, at its current usage rate, the car will have zero resale value in five years, so the annual straight-line depreciation is $1,600. Cars are garaged for a monthly fee.

Requirement:

Kristen drove the car 10,000 miles last year. Compute the average cost per mile of owning and operating the car.

(Round your answer to 2 decimal places. Omit the "$" sign in your response.)

Fixed cost per mile (3,200 ÷ 10,000 miles) = 0.32

Variable operating cost per mile = 0.14

Average cost per mile = 0.46 (0.32 + 0.14)

Learn more about average cost:

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The market situation of a monopolistic competitor is made more complex than our simple revenue-and-costs graphs would suggest, b

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Answer:

The answer is price, product, and advertising.

Explanation:

The market situation of a monopolistic competitor is made more complex than our simple revenue-and-costs graphs would suggest, because the firm in reality juggles three decisions: price, product, and advertising.

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3 years ago

You operate a car detailing business with a fixed amount of machinery (capital), but you have recently altered the number of wo

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Answer:

1.5 cars

Explanation:

Three employees can produce a total of:

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Five employees can produce a total of:

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So, the increase in total product of labor as I increase the labor from 3 to 5 employees:

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= 15 - 12

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= 1.5 cars

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3 years ago

What term describes the relationship between the flow rate and the capacity of each labor resource that works in a process

maks197457 [2]

The reciprocals of one another is the term that describes the relationship between the flow rate and the capacity of each labor resource that works in a process.

<h3>What is a flow rate in production?</h3>

Its means the amount of flow units such as a customers, money, goods going through the business process per unit time.

Hence, the flow rate and capacity of each labor resource are reciprocal because they work together in a process unit.

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2 years ago

A supermarket places its store brand of blackberry jam priced at $5 per jar in the fruit preserves aisle, alongside the jam jars

soldier1979 [14.2K]

Raising the prices of their jam after people start buying it because they will want that jam no matter the price if they even relize it has gotten more expensive

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3 years ago

Among those not working, the most recent job-search activity for 2.90 million happened less than two weeks ago, while 1.72 milli

Firdavs [7]

Answer:

A. 24.05

B. 4.62

C. 66.99%

D. 19.21%

Explanation:

A). Calculation to determine the Laborland's total labor force

Using this formula

Total Labor Force = Employed + Unemployed

Let plug in the formula

Total Labor Force = (4.9+ 14.53) + (2.9 + 1.72)

Total Labor Force = 19.43 + 4.62

Total Labor Force = 24.05

Therefore the Laborland's total labor force is 24.05

(B). Calculation to determine the Laborland's labor force participation rate

Unemployed = 2.90 + 1.72

Unemployed = 4.62

Therefore the Laborland's labor force participation rate is 4.62

(C). Calculation to determine How many people are unemployed in Laborland

Using this formula

Labor force participation rate = Labor force / Total working age population

Let plug in the formula

Labor force participation rate= $24.05 / 35.9

Labor force participation rate= 66.99%

Therefore How many people are unemployed in Laborland will be 66.99%

(D). Calculation to determine Laborland's unemployment rate

Using this formula

Unemployment Rate = Unemployed / Labor force

Let plug in the formula

Unemployment Rate = 4.62 / 24.05

Unemployment Rate= 0.1921 * 100

Unemployment Rate= 19.21%

Therefore Laborland's unemployment rate is 19.21%

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3 years ago