Answer:
(i) The farm can cover its revenue using its total variable cost, therefore the farm will continue producing 200 units
(ii) The farm cannot cover its revenue using its total variable cost, therefore the farm will shut down
(iii) The two relevant points on supply curve will be: (Price = $12 & Quantity = 0) and (Price = $25 & Quantity = 200)
Explanation:
(i)According to given data, When output is 200 but price is $20, this price is equal to ATC, so the farm breaks even. But since this price is higher than AVC of $15, the farm can cover its revenue using its total variable cost, therefore the farm will continue producing 200 units.
(ii) When output is 200 but price is $12, this price is equal to ATC, so the farm makes economic loss. Also, this price is lower than AVC of $15, so the farm cannot cover its revenue using its total variable cost, therefore the farm will shut down.
(iii) The farm's supply curve is the portion of its Marginal cost (MC) curve above the minimum point of AVC. Since price equals MC, the two relevant points on supply curve will be: (Price = $12 & Quantity = 0) and (Price = $25 & Quantity = 200).
Then, using his brother's name and dealing with seller records, he resold the computer systems to ache for $2, three hundred. this form of scheme is called a(n):d) Turnaround sale
A vendor, also known as a dealer, is an individual or business enterprise that sells goods or services to someone else within the economic manufacturing chain.
A business enterprise or a man or woman who sells a terrific or a carrier is a supplier. companies may promote to different companies, or they may be outlets that promote immediately to purchasers. An instance of a seller is a company that gives the stock to boutique apparel shops. Key takeaways. A vendor is a person or business that purchases goods and services from distributors and resells those gadgets to purchasers or different businesses. The 5 varieties of vendors are manufacturers, wholesalers, outlets, carrier and preservation vendors, impartial carriers, and alternate display representatives.
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If Martin had 24 5 pounds of grapes left. The expression that shows the pounds of grapes martin has if he doubles his current amount is: (2) (2) (2) (four-fifths).
<h3>
Double amount of grapes</h3>
Given: Current amount of grapes=2 4/5=14/5
Double amount of grapes=2×14/5=28/5
Hence:
2(2)+(2) 4/5
=4+8/5
=28/5
The expression is: (2) (2) (2) (four-fifths) or 2(2)+(2) 4/5.
Therefore If Martin had 24 5 pounds of grapes left. The expression that shows the pounds of grapes martin has if he doubles his current amount is: (2) (2) (2) (four-fifths).
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Answer:
a) production units = 450,000
b) Amount of raw materials = 1,010,000.
Explanation:
The production budget is computed as follows;
Production budget = Sales budget + closing inventory - opening inventory
Production budget= 480,000 + 50,000 - 80,000
= 450,000 units
<em>The raw material purchase budget is the amount of material to be purchased to accommodate production need and inventory of materials to be kept.</em>
Purchase budget = usage budget + closing inventory - opening inventoy
Purchase budget = (2× 500,000) + 45,000 - 35,000
= 1,010,000.
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