Answer:
The variable cost per unit is $15.6
Explanation:
In this question, we are asked to calculate the variable cost per unit assumed in the Parents for better schools analysis
Mathematically, the Breakeven point can be calculated through the following formula:
Breakeven point = Fixed Cost/( Selling price per unit - Variable cost per unit)
From the question, we can identify the following;
The selling price per unit is $20
The Breakeven point = 800 books
Fixed cost = Amount invested = $3,600
Substituting these in the above written formula;
800 = 3,600/(20 - VC)
0.2222 = 1/(20-VC)
0.222(20-VC) = 1
4.44 - 0.22VC = 1
3.44 = 0.22VC
VC = 3.44/0.22 = 15.64
This is $15.6 to the nearest cent dollar per unit
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Answer:</h3>
C. The government
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Explanation:</h3>
Vocabulary
First, it is important to define the key terms in the question and answers.
- Planned Economy- A planned economy is an economy where the investments and capital are allocated by the government.
- Commodities - Commodities are economic goods that have real value due to their real-life usefulness (like lumber) or rarity (like gold).
How Planned Economies Work
As its name suggests, a planned economy plans the economy out and the price of goods within the markets. These plans are created by the government. This means that private businesses, consumers, and supply/demand do not control prices. Only the government can do that because the government has full control of planned economies. This is the reason that planned economies are also called command economies because the economy is commanded by the government.
Answer:
The price elasticity of demand is -9.00.
Explanation:
Note: This question is not complete. The complete question is therefore provided before answering the question as follows:
The table below shows the weekly demand for machine screws at the local hardware store.
Price (dollars per pack of 100 screws) Quantity (packs of 100 screws)
$5.00 0
4.50 60
4.00 120
3.50 180
3.00 240
2.50 300
2.00 360
1.50 420
1.00 480
0.50 540
0.0 600
Using the starting point method, what is the price elasticity of demand from a price of $4.50 to a price of $4.00 per pack of 100 screws:
The explanation of the answer is now provided as follows:
New quantity = 120
Old quantity = 60
New price = $4.00
Old price = $4.50
Using the formula for calculating the starting point method for elasticity of demand, we have:
Price elasticity of demand = ((New quantity - Old quantity) / (New price - Old price)) * (Old price / Old quantity) = ((120 - 60) / (4.00 - 4.50)) * (4.50 / 60) = -9.00
Therefore, the price elasticity of demand is -9.00.
The one that is true about economic resources is : B. Economic resources are limited
Basically, the main characteristic of economic resources is we need sacrifices in order to get. To make a resource worthy of sacrifice, it has to be : Limited and provide value to us
hope this helps
Answer:
Because not many members of a household may bring in enough money to sustain them all.
Explanation: