Answer:
The correct answer is "12,500 units" and "$100 per unit".
Explanation:
Given:
Selling price,
= $10 per unit
Variable cost per unit,
= $6 per unit
Fixed cost,
= 30,000
Desired profit,
= 20,000
Now,
The contribution margin per unit will be:
= 
= 
= 
($) per unit
The required units will be:
= 
= 
= 
= 
Now,
The contribution margin per composite unit will be:
= 
= 
= 
($) per unit
Answer:
Explanation:
Given weekly demand = 1200 units
Number of weeks per year = 45
Annual demand (D) = weekly demand × number of weeks per year = 1200 × 45 = 54,000 units
Ordering cost(C) = $55
Holding cost (H) = 25% of purchase price = 25% of $3.20 = 0.25*$3.20 = $0.8
EOQ = √(2DC/H) = √[(2 × 54,000 × 55) / 0.8] = √(5,940,000/0.8) = √7,425,000 = 2,725 units
Answer is D - 2,725 units
Answer:
The establishment of social welfare programs.
Explanation:
This is the answer for Ap3x.
Answer: Fall in revenue
Explanation:
A decrease in demand means a lower level of demand compare to the previous period. A price taking firm means that the firm cannot determine the price in the market. Profit maximising level of output means the output level that gives the highest profit.
A fall in demand without an increase in price at a profit maximising level of output will lead to a fall in revenue and profit all things being equal.
Answer:
The correct answer is the option C: For markets to work, people must be free to pursue their self-interest.
Explanation:
To begin with, Adam Smith was a Scottish economist, philosopher and author known as ''The Father os Economics'' and whose works established the basics of today's economics.
To continue, in Smith's most known classic work, ''An Inquiry into the Nature and Causes of the Wealth of Nations'', he established the concept called the <u><em>''invisible hand''</em></u><u> </u>that states that <u><em>in order to the economy to work properly, the people must be free to pursue their self-interest products without no restrictions from the government</em></u>.
