Answer:
b. $200,000
Explanation:
Total costs is the addition of fixed costs and variable costs. Fixed costs are those costs that do not change with the level of output. However, as output increases, they do get spread over a large number of units, thus fixed cost per unit of output will be less with more units. Variable costs on the other hand fluctuate with the level of output, in this case, with the number of hotel rooms booked.
Total cost (TC) = Fixed Costs (FC) + Variable Costs (VC)
= $100,000 + $100,000 = $200,000
Answer:
A. service life refers to the time an asset will be used by a company and physical life refers to how long the asset will last.
Explanation:
A company might buy a copy machine that stays in excellent working order for 10 years, but slowly starts breaking down after 10 years so they sell it at a used office equipment sale. Someone else buys it at a discount and uses it for 2 more years before it completely stops working. It's service life was the 10 years that the original company used it, and it's physical life is the 12 years that it lasted before totally breaking down.
Answer
The answer and procedures of the exercise are attached in the following archives.
Step-by-step explanation:
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
Answer:
price below 25: 25.2493%
price above 28: 36.9441%
Explanation:
median = (min + max) / 2 = (18 + 36) / 2 = 27
standard deviation: in a normal distribution all values are among 6 standard deviaiton: (36 - 18) / 6 = 3
We need to convert the values into a normal distribution of (0;1)
<u>Probability of less than 25:</u>
(X - median) / standard deviation = (25 - 27) / 3 = -0.66667
Now, we look into the normal distribution for this value
P(z< -0.6667) = 0.252492538
<u>Probability of more than 28</u>
1 - probability of less than 28
normalization:
(X - median) / standard deviation = (28 - 27) / 3 = 0.33333
1 - P(z<0.33333)
1 - 0.63055866 = 0.36944134
I think it “A law of demand”?
