if you receive a telephone call from someone asking that you explain your preferences for certain kinds of products, you are the
1 answer:
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Answer:
The correct answer is:
(a) -7783
(b) 6800
(c) -983
Explanation:
According to the given values in the question:
(a)
The price variance will be:
=
=
= (Favorable)
(b)
The quantity variance will be:
=
=
=
= (Unfavorable)
(c)
The cost variance will be:
=
=
= (Favorable)
Answer:
The answer is "400 meals at 2.50 dollars a day".
Explanation:
Please find the complete question and the solution in the attachment file.
In this question, when we compare the MR value as well as the MC, the monopolist produces up to the point where MR>MC.
In this, it happens before 400 meals at 2.50 per day and, so "400 meal at 2.50 dollars a day".
