Answer:
Instructions are listed below.
Explanation:
Giving the following information:
The selling price is $110 per crate, variable costs are $90 per crate, and fixed costs are $272,000 per year. In the year 2008, Florida Berry Basket sold 49,000 crate.
Sales= 110*49,000= 5,390,000
Variable costs= 4,410,000 (-)
Contribution margin= 980,000
Fixed costs= 272,000 (-)
Net operating income= 708,000
Answer:
B. The ISP responded expeditiously upon notification of the claimed infringement.
Explanation:
As the name represent that internet service providers are the providers who provides the internet connections and services to the individuals, companies, etc. In addition to this, it also provides the software packages that could be in terms of browsers, e-mail accounts, etc
So based on the given situation, the option B is incorrect as it would not be repsonded at the time when there is a claimed infringement notification comes
Answer:
Explanation:
The purpose of allocating the output of the shoes is to diminish the total cost of production. The process is achieved by assigning a pair of shoes that requires production at the factory with a marginal lower cost of the two plants. Afterward, the firms will have to equate the marginal cost of production across the two firms.
For firm 1:
The cost of production 
Differentiating with respect to 
to determine the marginal cost;
For firm 1, the Marginal cost 
For firm 2; the marginal cost 
Equating both from above:
Recall that:
Thus, we can replace the value of into the above equation to determine the value of 
in terms of 
by applying a quadratic formula.
Assuming we knew the values of 
we can estimate the numerical value of , then replace it into the equation 
to find the numerical value for .
Answer:
The law of diminishing marginal utility
Explanation:
Simply put, as more (additional unit) of a good is consumed the lesser the marginal utility or satisfaction derived.
For example, a child might request a certain type of chocolate form his parents for a period of time.
After sometime, the child may buy less and choose another type of chocolate or prefer to buy cake instead because the satisfaction he initially got from the chocolate is diminishing.
