The lifetime effects of lost wages, benefits, and social security contributions that accompanies taking time out of the workforce to raise children is called the <u>mommy tax</u>.
<h3>What is a
mommy tax?</h3>
A mommy tax is a terminology which was coined by the author Crittenden and it can be defined as the lifetime effects of lost wages, benefits, and social security contributions that a woman experiences by taking time out of the workforce to raise her children.
This ultimately implies that, a mommy tax is used to connote the motherhood penalty which is characterized by severe wage and hiring disadvantages for a woman in the workplace when taking time to raise children.
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Answer:
- $25.50
- 90,000 units
- 140,000 units
Explanation:
1. Current contribution margin ratio
= (Selling price - Variable cost)/ Selling price
= (25 - 19.8) / 25
= 0.208
New Direct labor = 5.0 * ( 1 + 8%)
= $5.40
New variable cost = 19.8 + 0.4 = $20.20
To maintain 0.208
0.208 = (Selling price - 20.20) / Selling price
0.208 * Price = Price - 20.20
0.208Price - Price = -20.20
-0.792Price = -20.20
Price = -20.20/-0.792
Price = $25.50
2. Breakeven = Fixed Cost / Contribution Margin
Contribution Margin = Selling price - Variable cost
= 25 - 19.8
= $5.20
= 468,000/5.2
= 90,000 units
3. To earn $260,000;
= (Fixed Cost + 260,000) / Contribution margin
= (468,000 + 260,000) /5.2
= 140,000 units
Based on the PPC given, the points given would represent the following:
- Point B = Efficient use of resources.
- Point X = Impossible use of resources.
- Point A = Underutilized resources.
<h3>What do points on the PPC represent/</h3>
Points on the curve represent the efficient usage of resources because they show that all available resources are being used. Points B, C, and D are therefore all efficient.
Point X is impossible because all points outside of the PPC are not attainable due to a lack of resources. Point A shows that the available resources are not being fully utilized.
Options to describe the points:
- Efficient use of resources
- Under utilized resources
- Economic growth
- Trade-off
- Opportunity cost
Find out more on the PPC at brainly.com/question/2617319.
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