Answer:
A - increased equilibrium price and quantity.
B - decrease in equilibrium price and quantity.
C - increase in equilibrium price and quantity
Explanation:
A the demand for Shakespeare play will increase because of death of Marlowe which means price of Marlowe plays would increase because of short supply and this would cause an indirect increase in price of Shakespeare plays which results in rightward shift of demand curve for Shakespeare play thereby increasing equilibrium price and quantity.
B a lot of population would deter from seeing Shakespeare plays to avoid contracting diseases which cause drop in demand and demand curve would shift to the left thereby causing equilibrium price to decrease.
C the queens commissioning of new plays for the festival weeks would increase demand for Shakespeare plays at any given price which would cause rightward shift of demand curve resulting in increased equilibrium price.
Answer:
Blank 1: Loss
Blank 2: $15
Explanation:
Following table is necessary for the calculation required:
Number of cakes per day: 0, 1, 2, 3, 4, 5, 6
Total cost per day: $100, $180, $220, $300, $400, $520, $660
The workings are attached in the document below:
Branson,we have to turn the 1.6% into a decimal by moving the decimal point two spaces away from the percent sign, then multiply by 120,000 .016($120,000) = $1920
Answer: $12
Explanation:
In selling the obsolete goods, the company will incur Variable Marketing costs and the alternative will be to throw the goods away.
The relevant costs they will incur are therefore the Variable Marketing costs alone.
The lowest amount that a company should accept for a good is the price that equals it's cost so that they may at least Break-Even.
Seeing as the Variable Marketing Costs are the only relevant cost then the lowest they should accept is the Variable Marketing Costs of $12.
Answer and Explanation:
The computation is shown below:-
<u>Particulars </u> Traditional Philosophy Manufacturing
<u> Lean Philosophy</u>
Value added 2 + 6 = 8 8
Non value added 8 × (50 - 1) = 392 8 × (6 - 1) = 40
Total lead time 400 48
Value-added ratio
(as a percent) 8 ÷ 400 × 100 = 2% 8 ÷ 48 × 100 = 16.17%