Answer:
The answer is $2,000
Explanation:
A monopolist is a single seller in the industry. A monopolist can influence the market price because he is the only one selling the product in the industry and has many buyers. Monopoly is an imperfect market and there are price discriminations in this market. A monopolist can charge different prices for different people.
We have first degree price discriminations, second degree price discriminations and third degree price discriminations.
Total revenue = selling price x units sold
Selling price is $100
Units sold is 20 jackets
Total revenue is therefore, $100 x 20 jackets
=$2,000
Answer: Inseparability
Explanation: Inseparability refers to the characteristic of a service. It states that production and consumption of the service could not be separated. In simple words, if the service is provided by any service provider then it must be consumed.
For example if a doctor is providing service then it must that there would be a patient to consume it.
In the given case, Martha could not provide the service if the customers are not there. Hence we can conclude that the correct option is C.
Answer:
c. 10%
Explanation:
Margin of safety is the sales value at which the business is safe from making loss. It measures the profit after the break-even point. The sales over the break-even point is considered as the margin of safety.
Margin of safety = Actual Sales - Break-even point = 12,500 units - 11,250 units = 1250 units
Percentage of margin of safety to sales = Margin of safety / Actual sales
Percentage of margin of safety to sales = 1,250 / 12,500
Percentage of margin of safety to sales = 0.10
Percentage of margin of safety to sales = 10%
Answer:
Answer for the question :
"An economy consists of three workers: Larry, Moe, and Curly. Each works 10 hours a day and can produce two services: mowing lawns and washing cars. In an hour Larry can either mow one lawn or wash one car; Moe can either mow one lawn or wash two cars; and Curly can either mow two lawns or wash one car. a. Calculate how much of each service is produced under the following circumstances, which we label A, B, C, and D: • All three spend all their time mowing lawns. (A) • All three spend all their time washing cars. (B) • All three spend half their time on each activity. (C) • Larry spends half his time on each activity, while Moe only washes cars and Curly only mows lawns. (D) b. Graph the production possibilities frontier for this economy. Using your answers to part (a), identify points A, B, C, and D on your graph. c. Explain why the production possibilities frontier has the shape it does.d. Are any of the allocations calculated in part (a) inefficient? Explain."
is explained in the attachment.
Explanation: