Answer:
Instructions are listed below.
Explanation:
Giving the following information:
The company plans to sell 3,500 pairs of shoes at $60 each in the coming year. The unit variable cost is $21.
1) We need to use the following formula:
variable cost ratio= Variable cost/ selling price
variable cost ratio= 21/60= 0.35
2) We need to use the following formula:
Contribution margin ratio= (selling price - unitary variable cost) / selling price
Contribution margin ratio= (60 - 21) / 60= 0.65
Answer:
$15000.
Explanation:
The worth of stock that the investor sold = $80000
The fall in the market value of the stock = $65000
Since the value of the stock falls to $65000. thus, the SMA in the account can be calculated by eliminating the decreased amount from the stock value. Therefore, the SMA in the account will be 80000-65000 = $15000
Answer:
B. is the price at which a firm's total revenues equal total costs
Explanation:
The short run in economics is a period of time in which one factor of production is fixed and others are varied. In the short run, the market is not fully in equilibrium. Break even is the point in which the total cost used in the course of production is equal to the total revenue earned from the products produced. In a break even scenario, there is no profit and there is no loss. At this point, firms are making normal rate of return on money invested and are able to settle all cost of production.
Answer:
D. The marginal cost of light is zero, and by convention zero-priced goods and services are excluded from GDP
Explanation:
Only things that have a monetary cost are included in GDP. Things that do not cost "anything" in monetary terms are not included, and this is a major shortcoming of GDP.
From an ecological economics standpoint, things like sunlight, air, and water are often not valued and included in GDP. This is the same case as in the question, because the marginal cost of light is zero, then, it is not included in GDP.
