To predict the total costs for 3,000 birdcages:
Use the average cost per unit of $18.00 and multiply it by 3,000.
($18)(3,000)= $54,000
$54,000 is the predicted total costs of 3,000 birdcages.
Answer:
Natural monopoly
Explanation:
A natural monopoly refers to a type of monopoly that occurs when the start-up costs or infrastructural costs are high or economies of scale in an industry are very powerful in such a way that only the largest supplier in the industry which is usually the first supplier in the market has a great advantage over potential competitors and therefore becomes the only supplier in the industry.
On the long-run average cost (LRAC) curve, a natural monopoly exists when the quantity demanded is less than the minimum quantity that is required to be at the bottom of the LRAC curve.
Therefore, a <u>natural monopoly</u> exists when the quantity demanded in the market is less than the quantity at the bottom of the long-run average cost curve.
<u>Answer:</u> False. The Value of a Bond is not related to the Dividend rate.
<u>Explanation:</u>
Bond rates are inversely related with the interest rates in the market and not dividend rates. Bonds yield interest for the investment and not dividends. Dividends are paid for shares. Dividend rates affects the share price and not Bond value in the market.
The interest rates of the Bonds can be fixed rates or fluctuating rates. It depends on the type of the security issued. As the interest rates are fluctuating then the risk for the investors increase.
Answer:
True
Explanation:
The profit margin calculation is shown below:
= (Net income ÷ net sales) × 100
= ($130,500 ÷ $1,740,000) × 100
= 7.5%
We simply divide net income by net sales in order to achieve the gross profit margin. This indicates a correlation between net income or net income and net sales.
All other information provided is irrelevant. Therefore, it was ignored
