The gains in producer surplus in this country because of the tariff is. $22.00.
A surplus is if you have extra of something than you want or plan to use. For example, whilst you prepare dinner a meal, when you have meals ultimately after all people have eaten, you've got got a surplus of meals. a number of belongings in extra of what's considered necessary to fulfill liabilities. adjective. 5. being a surplus; being in extra of what's required. surplus wheat.
Surplus budget means, at any given date, the extra coins and different diagnosed belongings which are predicted to be resolved into coins or its equal withinside the herbal route of activities and with an inexpensive certainty, over the liabilities and important reserves on the identical date.
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Answer:
The answer is: A) diminishing marginal utility of wealth, implying that her utility function gets flatter as wealth increases.
Explanation:
If an investor is risk averse, he or she will earn a lower return rate than a non risk averse investor. As his or her wealth increases, the total utility of wealth increases but at a decreasing rate. This means that the utility function gets flatter as wealth increases for a risk averse investor.
Answer:
The Dollar sales break even for the company is $568750, for the north region is $320000 and for the south region is $80000.
Explanation:
1. for the company:
cont margin ration = contribution/sale
= 240000/750000
= 0.32
fixed cost = 182000
dollar sales break even = fixed cost/cont margin ratio
= 182000/0.32
= $568750
2. for the north region:
cont margin ration = contribution/sale
= 120000/600000
= 0.20
fixed cost = 64000
dollar sales break even = fixed cost/cont margin ratio
= 64000/0.20
= $320000
3. for the south region:
cont margin ration = contribution/sale
= 120000/150000
= 0.80
fixed cost = 64000
dollar sales break even = fixed cost/cont margin ratio
= 64000/0.80
= $80000
Therefore, The Dollar sales break even for the company is $568750, for the north region is $320000 and for the south region is $80000.
Answer:
Variable costs per hair cut: =$12
Total fixed costs: =$12,840
Explanation:
Variable costs are the cost that changes depending on the output level. For this barbers shop, variable costs are
Barbers commission= $11.40
Barber supplies: $0.45
supplies $0.15
Total variable cost per hair cut
= $11.40 + $0.45 + $0.15
=$12
Fixed costs will be the constant costs throughout the year. They will be the same months after month.
Fixed costs for the barber shop will be
Base rate : $1570 x 7 =$10,990
Managers extra pay = $525
Advertising = $240
Rent $900
Utilities $150
Magazines $35
Total fixed cost
=$10,990 + $525, + $240, + $900, + $150, + $35
=$12,840
