Answer: 3200 tonnes
Explanation:
Rice production in 2001 = 1000 tonnes, which represented a 25% of total food gain in 2001.
Total food grain production in 2001
= 1000 × 100 / 25
= 4000 tonnes
In 2002 production of rice decreased by 4%
= 1000 - 1000 × 4 ÷ 100
= 960 tonnes
Total food grain production in 2002
= 3200 tonnes
Answer:
d) dividing net profit by the number of current shares.
Explanation:
The formula to compute the earning per share is shown below:
Earning per share = (Net income - preference dividend) ÷ (Outstanding Number of shares)
Basically we divide the net income or net profit after considering the preference dividend and then divided it by the outstanding number of shares so the earning per share could come
To get the break-even point, the Total Cost must equal to
the Total Revenue or Profit. The Total Cost is the sum of Fixed Costs and
Incremental Costs. Fixed costs are depreciation, advertising and insurance which
is equal to $5,871 per month. Incremental Costs are weed and feed materials,
direct labor, and fuel which is equal to $32 per lawn. The Marginal Revenue is
equal to $89 per lawn. Letting “N” to be the break-even point in number of
lawns, the break-even equation becomes: $5,871 + $32N = $89N. Then calculating
N, the break-even number of lawns is equal to 103.
Answer:
The number of firms selling laptop computers decreases
Explanation:
Price ceiling is the legal maximum price for a good or service. It is a government imposed price control mechanism put in place to limit how high the price for a product, services or commodities can be.
Government out this in place so as to protect the consumers by ensuring commodities prices don not become expensively high or conditions that might warrant commodities to be expensive.
In the instance above, since the government have placed a price ceiling on sales of laptop computers, the factor/event that would make the market change from price ceiling that is not binding to one that is binding is if the number of firms selling laptop decreases, this would result that the price ceiling not initially having effect on the market price to do have effects on the market prices as the required price set for the sales of laptop will be at price below equilibrium and bind on the remaining number of sellers of laptops in the market. It will mean that the remaining firms selling laptop will not be able to satisfy the market and demand for laptop because the price has been artificially set low by the government.
