Le 3-3. assume that zimbabwe and portugal each has 60 machine minutes available. originally, each country divided its time equal
1 answer:
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Answer:
a)647,000
b)658,000 yes as increase net income
c) 2,480,000
Explanation:
a) current net income : 842,000
less 13,000 x 12 increce in variable manufacturing (156,000)
less increase in fixed MO <u> (39,000) </u>
647,000
b)
Sales 3,200,000 (16,000 x 200)
Variable <u> (1,408,000)</u> 988,000x16,000/13,000 + 156,000
Contribution 1,792,000
Fixed MO (819,000)
Fixed S&A<u> (315,000) </u>
Net Income 658,000
c)
1,792,000 / 3,200,000 = 0.56
Answer: (b) -3.08
Explanation:
The relationship between the demand(q), price per unit product(p) and the disposable income,yd is given by the expression below;
q= 20ln(7yd-2p).
From the expression above, the marginal demand,
∂ q/∂ p is the differential of the equation of relationship between the demand, price and disposable income.
This involves considering the demand,q as the dependent variable and the price per unit product,p as the independent variable and the disposable income,yd is considered constant.
Therefore ,
∂ q/∂ p= (-40)÷(7yd-2p)
By substitution of
yd =$3000÷1000= $3
and p= $4
∂ q/∂ p= (-40)÷((7×$3)-(2×$4))
∂ q/∂ p= -40÷13= 3.08
Please see the attachment for knowledge on how ∂ q/∂ p was obtained.
