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umka2103 [35]
3 years ago
9

According to the law of demand, there is an inverse relationship between price and quantity demanded. That is, the demand curve

for goods and services slopes downward. Why?

Business
1 answer:
Burka [1]3 years ago
3 0

This is because as the price for an item goes up, fewer and fewer people will want to pay for it. Price is on the Y axis and Demand is on the X axis so as you move from left to right, the quantity demanded keeps falling and falling.

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Krazy Kayaks sells its entryminuslevel kayaks for​ $750 each. Its variable cost is​ $500 per kayak. Fixed costs are​ $25,000 per
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Answer:

Net operating income= 565,000

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Giving the following information:

Krazy Kayaks sells its entry-level kayaks for​ $750 each. Its variable cost is​ $500 per kayak. Fixed costs are​ $25,000 per month for volumes up to​ 1,100 kayaks. Above​ 1,100 kayaks, monthly fixed costs are​ $60,000.

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COGS= (500*2,500)= (1,250,000)

Gross profit= 625,000

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Net operating income= 565,000

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