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makvit [3.9K]
3 years ago
13

The accompanying table shows a small community's demand for monthly subscriptions to a streaming movie service. Assume that only

two firms (Nextflix and Flixbuster) sell in this market, that each firm offers the same quality of service and movie selection, and that each firm's marginal cost is constant and equal to 0 (zero) due to excess capacity.
Price/Month (P) Number of Customers (Q) Total Revenue/Month (TR)
$10 0 $0
$9 100 $900
$8 200 $1,600
$7 300 $2,100
$6 400 $2,400
$5 500 $2,500
$4 600 $2,400
$3 700 $2,100
$2 800 $1,600
$1 900 $900
$0 1,000 $0

If the two firms operating in this market agreed to each supply one-half of the quantity a monopolist would supply, the contract would specify that:

a) Nextflix supplies zero subscriptions and Flixbuster supplies 500 subscriptions.
b) Nextflix supplies 250 subscriptions and Flixbuster supplies 250 subscriptions.
c) Flixbuster supplies 400 subscriptions and Nextflix supplies 100 subscriptions.
d) Nextflix supplies 400 subscriptions and Flixbuster supplies 100 subscriptions.
e) Flixbuster supplies 500 subscriptions and Nextflix supplies zero subscriptions.
Business
1 answer:
Effectus [21]3 years ago
4 0

Answer:

The correct answer is (b) Nextflix supplies 250 subscriptions and Flixbuster supplies 250 subscriptions.

Explanation:

Solution

Now,

A monopolist would supply where the total revenue is Maximum

So, quantity produced = 500 where each will produce 500/2

=250 units

Therefore from the given question stated as, If the two firms operating in this market agreed to each supply one-half of the quantity a monopolist would supply, the contract would specify that: Nextflix supplies 250 subscriptions and Flixbuster supplies 250 subscriptions.

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Question not complete

Direct Labour Cost is missing

Direct Labor Cost ----- $50,000.00 $270,000.00

Answer:

a.

Overhead Rate (Cutting Department) = $5.5 per machine hour = $5.5 per machine hour

Overhead Rate (Finishing Department) = $12.2 per labour hour

b. Total Manufacturing Cost = $644

c. Yes

Explanation:

a. Compute the predetermined overhead rate to be used in each department.

Given

Cutting Department

The Cutting Department bases its rate on machine-hours

Manufacturing Overhead Costs = $264,000

Machine Hours = 48,000

Finishing Department

The Finishing Department bases its rate on direct labor-hours.

Manufacturing Overhead Costs = $366,000

Direct Labour Cost = $270,000

Overhead Rate (Cutting Department) = Manufacturing Overhead Cost/Machine Hours

Overhead Rate (Cutting Department) = $264,000/48,000

Overhead Rate (Cutting Department) = $5.5 per machine hour

Overhead Rate (Finishing Department) = Manufacturing Overhead Cost/Machine Hours

Overhead Rate (Finishing Department) = $366,000/$270,000

Overhead Rate (Finishing Department) = 1.36

Overhead Rate (Finishing Department) = 136% direct labour cost

b.

The Cutting Department bases its rate on machine-hours

Given

Machine hours = 80 machine hours

Overhead Rate = $5.5 per machine hours ------ Calculated

The Finishing Department bases its rate on direct labor-hours.

Given

Direct Labour Cost = 150

Overhead Rate = 136% labour cost ------ Calculated

Overhead Applied (Cutting Department) = 80 * 5.5

Overhead Applied = 440

Overhead Applied (Finishing Department) = 136% * 150

Overhead Applied = $204

Total Overhead Applied = $440 + $204

Total = $644

c. Yes

If they use a plantwide rate based on direct labor cost and if the jobs has longer machine hours and small amount of labor cost they will be charged less overhead cost.

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Q has an ordinary straight whole life insurance policy for $100,000. Due to a change in circumstances, Q finds that there is now
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Answer:

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Explanation:

To satisfy the need for additional coverage at a low price the Q can add a term life insurance rider.

The addition of a term rider will allow Q for the additional coverage to be put into place at an affordable price, without having to acquire another policy.

As term rider is a fixed benefit policy thus, ordinary straight whole life will not allow an increase in face amount.

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3 years ago
When analyzing AE, it is important to know the factors that determine C, Ip, G and NX because those factors A. influence the lev
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Answer:

D. All of the above.

Explanation:

In the Aggregate Expenditure model or approach to GDP, GDP is calculated using the following formula:

GDP = C + I + G + NX (X-M)

Where:

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  • I = Investment
  • G = Government spending
  • NX = Net exports

As can be seen, each of the elements of the equation are necessary to understand (calculate) GDP by the AE approach. Each element is also important to show how macroeconomic equilibrium is reached. Thus, the correct answer is D.

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The term applied to the periodic expiration of a plant asset's cost is
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<span>The term applied to the periodic expiration of a plant asset's cost over its life in a balanced and orderly way is depreciation. It is not process for valuation nor is process that results in gathering of cash. Land expenses are not subject to depreciation.</span>
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The legal form of business ownership in which owners have limited personal accountability for the debts
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The answer is C I’m am %100 sure
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