Answer:
The quantity demanded at $3 would be 18 units.
Explanation:
The market demanded curve is the sum of all individual demand curves in the market. We can sum up the individual quantity demanded of a good to find out the quantity demanded by the market as a whole.
Suppose the price of a good is $3. There are three consumers in the market.
The first consumer would buy 6 units, the second would buy 5 units and the third would buy 7 units.
The market demand for the good at the price of $3 would be,
= 6 units + 5 units + 7 units
= 18 units
Answer:
5.5%
Explanation:
The revenue that will be generated from state aid is $1,500,000 ($100 * 15,000).
Revenue from Property Tax = $7,000,000 - $1,500,000 = $5,500,000
Now we can calculate the tax by using the following formula:
Tax rate = Revenue from property tax / Market Value of City
Tax rate = $5,500,000 / $100,000,000 * 100 = 5.5%
Consumer cost is everything the consumer must surrender in order to receive the benefits of owning/using the product.
Customer cost includes the price of a product as well as the expenditures associated with its purchase, use, and aftercare. Purchase expenses are made up of the expenditures associated with product research, information collecting, and information acquisition.
The price of a product is only a small portion of its overall cost to the consumer. The additional costs of delivery, use, and ultimately disposal of the goods fall on the consumer. The overall consumer cost is the sum of these expenses (TCC).
Learn more about Customer cost here
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Answer:
12.46%
Explanation:
Data provided
Dividend income = $1.1
Ending share per price = $63
Initial price = $57
The computation of the percentage total return is shown below:-
Total return = (Dividend income + (Ending share per price - Initial price)) ÷ Initial price
= ($1.1 + ($63 - $57)) ÷ 57
= ($1.1 + $6) ÷ 57
= $7.1 ÷ 57
= 0.12456
or 12.46%
Answer:
the total budgeted manufacturing overhead for November is: $142,600
Explanation:
Consider BOTH the variable and fixed manufacturing overheads
Calculation of total budgeted manufacturing overhead for November
variable manufacturing overhead ($6 × 8,600 hours) $51,600
fixed manufacturing overhead is $91,000
total $142,600