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lozanna [386]
3 years ago
8

Suppose a local McDonalds increases prices of hamburgers form $2 to $2.50. What will happen to the quantity of McDondalds hambur

gers demanded?If McDonalds raises the prices of its hamburgers then...
Business
1 answer:
Dmitry [639]3 years ago
5 0

Answer: Decrease in the quantity demanded.

Explanation:

According to the law of demand, other things remains constant, if there is increase in the price of a commodity as a result the quantity demanded for that commodity decreases.

In this case, McDonalds increases the price of its hamburgers, so as a result the quantity demanded for the hamburgers decreases. This is due to the higher prices as it will be more expensive for the consumer to buy hamburgers at the prevailing prices.

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Listed here are product costs for the production of soccer balls. Identify each cost (a) as either fixed or variable and (b) as
geniusboy [140]

Answer:

Product Cost Variable Or fixed Direct or indirect

1. Rubber core for soccer ball Variable Direct

2. Thread to hold leather together Variable Indirect

3. Taxes on factory Fixed Indirect

4. Wages on Assembly workers Variable Direct

5. Machinery depreciation Fixed Indirect

6. Annual flat fees paid for office security Fixed Indirect

7. Leather cover for soccer balls Variable

3 0
3 years ago
Gordon would like to win back his customer by giving him tickets to a major league baseball game, but he knows his company frown
-BARSIC- [3]

Answer: ethical

Explanation:

Gordon would like to win back his customer by giving him tickets to a major league baseball game, but he knows his company frowns on this type of activity. Gordon is facing ethical dilemma.

Ethical dilemmas, is a dilemma that has to do with morals and principles which involves an option that isn't ethically acceptable. In this scenario, Gordon's company doesn't support activities like giving free tickets to customers and at the same time, he wants to win back his customer. He is faced with ethical dilemma as he's aware that giving out the ticket won't be supported by his company even though to him,it feels like the right thing to do to win back his customer.

7 0
3 years ago
Fischer Company uses 12,000 units of a part in its production process. The costs to make a part are: direct material, $15; direc
Trava [24]

Answer:

Difference= $60,000 in favor of buying

Explanation:

Giving the following information:

Number of units= 12,000

Make in-house:

Direct material, $15

direct labor, $27

variable overhead, $15

applied fixed overhead, $32

Buy:

Buying price= $60

If Fischer buys the part, 75 percent of the applied fixed overhead would continue.

<u>First, we will calculate the avoidable fixed overhead per unit:</u>

Avoidable fixed overhead= 32*0.25= $8

<u>Now, the total differential cost of making in-house:</u>

<u></u>

Total cost of production= 12,000*(15 + 27 + 15 + 8)

Total cost of production= 12,000*65

Total cost of production= $780,000

Total cost of buying= 60*12,000= $720,000

Difference= $60,000 in favor of buying

4 0
2 years ago
An existing partner wants to contribute property having a basis less than its FMV for an additional interest in a partnership. a
tino4ka555 [31]

Answer:

He should not contribute the property to the partnership.

Explanation:

There is an ensuing loss if the partner contributes the property to the partnership instead of a gain.  Partnerships recognize the basis of contributed capital.  They usually compare the fair market value with the book value to determine if a loss has been incurred or a gain made. However, the tax consequences of the contributed property will be allocated to the partner making the property contribution.

8 0
3 years ago
Olga is the sales rep for ATV Communication Systems. She wants to bid on the RFP issued by Manitoba University for distance lear
Dmitriy789 [7]

Answer:

B. any experience with the product they wish to purchase

Explanation:

Since Manitoba University is completely new and that it do not have any information about the Communication system as of ATV.

As she wants to acquire the Manitoba bid she needs to provide thorough information and that the university is completely new, accordingly there is a clear demonstration required, for the service.

The university do not know the facts and is dealing in these things first time and because of that it is necessary.

Thus, correct option is statement B.

7 0
3 years ago
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