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2 years ago

Given the demand function p = 85 - 5x and supply function p = 3x - 35. The consumer's surplus is ?

Business

1 answer:

horsena [70]2 years ago

8 0

Explanation:

At equilibrium demand price=supply price

Therefore consumer surplus is 15 units.

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The following data relate to labor cost for production of 3,600 cellular telephones: Actual: 2,430 hrs. at $14.5 Standard: 2,390

Bogdan [553]

Answer and Explanation:

The computation is shown below:

For Direct labor rate variance, it is

= (Actual rate - Standard rate) × Actual hour

= ($14.5 - $14.8) × 2,430 hours

= $729 favorable

For Time variance, it is

= (Actual hours - standard hours) × standard rate

= (2,430 hours - 2,390 hours) × $14.80

= $592 unfavorable

So, the Total labour cost variance is

= $729 favorable + $592 unfavorable

= $137 favorable

8 0

3 years ago

Many people believe that pure monopolies charge any price they want to without affecting sales. instead, the output level for a

babymother [125]

Given that many people believe that pure monopolies charge any price they want to without affecting sales. instead, the output level for a profit-maximizing pure monopoly occurs where MC = MR (marginal cost equals marginal revenue).

3 0

4 years ago

During its first month of operations in March, Volz Cleaning, Inc., completed six transactions with the dollar effects indicated

Alekssandra [29.7K]

Answer and Explanation:

The Preparation of classified balance sheet for Volz Cleaning, Inc., at the end of March is shown below:-

Assets

Current Assets:

Cash $27,000

($45,000 - $8,000 - $2,000 - $7,000 + $3,000 - $4,000)

Investment (short term) $4,000

($7,000 - $3,000)

Notes receivables $2,000

Total Current Assets $33,000

Long Term Non Current Assets:

Computer equipment $4,000

Delivery Truck $35,000

Total long term $39,000

Total assets $72,000

Liabilities

Notes payable $27,000

Total liabilities $27,000

Stockholder equity

Common Stock $6,000

Additional Paid in Capital $39,000

Total Stockholder's equity $45,000

Total Liabilities & Stockholder's

equity $72,000

6 0

3 years ago

Zeta Corporation is a manufacturer of sports caps, which require soft fabric. The standards for each cap allow 2.00 yards of sof

Alex777 [14]

Answer:

Material Price Variance = $2,500 Unfavorable

Explanation:

Standard fabric for each cap = 2.00 yard

Standard price per yard = $2.00 per yard

Actual price per yard = $2.10

Actual Quantity = 25,000 yards

Materials price variance = (Standard price - Actual Price) $\times$ Actual Quantity

= ($2.00 - $2.10) $\times$ 25,000 = - $0.10 $\times$ 25,000

= - $2,500

Since it is negative in value it is Unfavorable

7 0

3 years ago

At the Bourg Company, a primary ______ is to increase the monthly revenue by 10%. Bourg considers revenue targets a key part of

mr_godi [17]

Considering the subsequent description given in the question, At the Bourg Company, a primary sales goal is to increase the monthly revenue by 10%.

This is evident in the fact that Bourg considers revenue targets a vital part of the company strategy. Here, the revenue of a company is derived from sales.

Also, given that the targets at the Bourg Company are stated in clear, precise, and measurable terms, and they always specify a time frame for completion, this is an example of a sales goal.

Sales goal is a term used in business management to describe the defined goals for a firm's sales team.

Sales goals could be expressed as increasing revenue by 13% in a year or improving customer retention by 18%.

Hence, in this case, it is concluded that the correct answer is "sales goals."

Learn more here: brainly.com/question/23162020

6 0

3 years ago

Given the demand function p = 85 - 5x and supply function p = 3x - 35. The consumer's surplus is ?​

Given the demand function p = 85 - 5x and supply function p = 3x - 35. The consumer's surplus is ?