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sergiy2304 [10]
3 years ago
13

Refer to the table. what is the total amount of producer surplus (per barrel of oil) earned by all four producers if the market

price per barrel of oil is $51?
Business
2 answers:
bazaltina [42]3 years ago
8 0

Answer:

81.76

Explanation:

Producer surplus is the difference between the price a producer received for a goods or service minus the price he is willing to sell.

If A willing price is 32

B willing price is 1600

C willing price is 17.25

D willing price is 56.99

Producer surplus is market price minus willing price

A 51 - 32 = 19

B. 51 - 16.00 = 35

C 51 - 17.25 = 33.75

D. 51 - 56.99 = - 5.99

Sum all the producer surplus together

19 + 35 + 33.75 + -5.99

=81.76

PolarNik [594]3 years ago
4 0
Hello! Sorry this is a little late.

I believe the correct answer to your question is $87.75.

I hope this helps, and have a great rest of your day!
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Janelle Heinke, the owner of Ha'Peppas!, is considering a new oven in which to bake the firm's signature dish, vegetarian pizza.
NikAS [45]

Answer:

a) Oven A  = 1,667; Oven B = 2,353 pizzas.

b) Oven A

c) Oven A

d) 13,334 pizzas

Explanation:

Since nothing was mentioned regarding her time availability, the capacity of each oven will not be taken into account.

The income equation for ovens A and B, respectively, are:

A=(14-2)x-20,000\\B=(14-1.25)x-30,000

Where 'x' is the number of pizzas sold.

a) The break-even occurs when income is zero:

A=0=(14-2)x-20,000\\x_A=1,666.66\\B=(14-1.25)x-30,000\\x_B=2,352.94

Rounding up to the next whole pizza, the break-even for oven A is 1,667 pizzas and for oven B it is 2,353 pizzas.

b) For x = 9,000:

A=(14-2)*9,000-20,000\\A=\$88,000\\B=(14-1.25)*9,000-30,000\\B=\$84,750

Income is greater with oven A, so Janelle should use oven A.

c) For x = 12,000

A=(14-2)*12,000-20,000\\A=\$124,000\\B=(14-1.25)*12,000-30,000\\B=\$123,000

Income is greater with oven A, so Janelle should use oven A.

d) She should switch ovens at the value for 'x' that causes B to be greater than A:

A

Rounding up to the next whole pizza, she should switch ovens at a volume of 13,334 pizzas.

7 0
3 years ago
Selected financial statement data for Schmitzer Inc. is shown below: 2021 2020 Balance sheet: Inventories 75,000 63,000 Ratios:
kondaur [170]

The amount of net sales for 2021 is $1,035,000.

Average inventory = (Beginning inventory + Ending inventory) / 2

Average inventory = ($63,000 + $75,000) /2

Average inventory = $69,000

  • The formula for Inventory turnover ratio is <em>{Cost of goods sold/Average inventory]</em>

6 = Cost of goods sold / $69,000

Cost of goods sold = $414,000

Given Gross profit ratio is 40%: Gross profit = 40% on sales

Let the sales be $K

Gross profit = Sales - Cost of goods sold

0.4K = K - $414,000

0.4K = $414,000

K = $414,000 / 0.4

K = $1,035,000

Therefore, the amount of net sales for 2021 is $1,035,000.

See similar solution here

<em>brainly.com/question/14161287</em>

7 0
2 years ago
Which of the following statements regarding capital gains and losses is false? A. Jake, the sole shareholder of Peach Corporatio
KatRina [158]
The answer should be is 100000 i think let me know
4 0
3 years ago
If you work an 8 hour shift on each weekend day and take two weeks off during the year, how many hours will you work in a year?
postnew [5]
Well there are approximately 104 weekend days in a year (not including a leap year) and if he takes 2 weeks off it which would include 4 weekend days you would be left with 100 weekend days. So 100x8=800. So you would work a total of 800 hours in a year.
5 0
3 years ago
Read 2 more answers
Assume the following information concerning two stocks that make up an index. What is the value-weighted return for the index? (
tatuchka [14]

Answer:

8.54%

Explanation:

Current Index value:

= [current total market value of index stocks] ÷ [Base year total market value of index stocks] × Base year index value

= [(69 × 35000) + (122 × 32500)] ÷ [(63 × 35000) + (113 × 32500)] × 100

= 108.54

Return in percent:

= ( 108.54 - 100 ) ÷ 100

= 8.54%

Therefore, the value-weighted return for the index is 8.54%.

8 0
3 years ago
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