1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Mrac [35]
3 years ago
7

There are four consumers willing to pay the following amounts for haircuts, and there are four haircutting businesses with the f

ollowing costs:
Consumers' Willingness to Pay
Gloria: $7
Jay: $2
Claire: $8
Phil: $5
Firms' Costs
Firm A: $3
Firm B: $6
Firm C: $4
Firm D: $2
Each firm has the capacity to produce only one haircut.
For efficiency, _____ should be given.
Which businesses should cut hair?
a. Firm A
b. Firm B
c. Firm C
d. Firm D
Which consumers should have their hair cut?
a. Claire
b. Gloria
c. Jay
d. PhilThe maximum possible total surplus is $_____.
Business
1 answer:
kirza4 [7]3 years ago
7 0

Answer:

what in th world

Explanation:

You might be interested in
Selling price $ 110,000 $ 110 100 % Variable expenses 60,000 60 55 % Contribution margin 50,000 $ 50 45 % Fixed expenses 30,000
Molodets [167]

Answer:

Increase in income= $5,000

Explanation:

Giving the following information:

Selling price $ 110,000 ($110)

Variable expenses 60,000 ($60)

Contribution margin 50,000 ($50)

Fixed expenses 30,000

Net operating income $ 20,000

The company is considering a reduction in the selling price by $10 per unit and an increase in the advertising budget by $5,000.  This will increase sales volume by 50%.

Increase in income= unitary contribution margin* sales in units - new fixed costs

New Income= 40* (1000*1.5) - 35,000= 25,000

Increase in income= $5,000

3 0
3 years ago
Managers used managerial information for all of the following except a.to analyze the performance of a company's operations b.to
Sladkaya [172]

Answer:

b.to evaluate the company's stock performance

Explanation:

Evaluating a company stock performance would interest investors more than the managers of the company.  Investors are profits driven. Their primary concern is to predict the future price of a stock as accurately as possible and profit from the price movement.

Managers are concerned with the profitability and long term growth of the company. They use managerial information to understand the current state and make better plans for the future.  Managers use managerial reports to identify areas that need cost-cutting to maximize the profits.

5 0
3 years ago
Ownership costs are incurred after the initial purchase and are associated with the ongoinguse of the product or material. Which
ikadub [295]

Answer:

C, Taxes

Explanation:

Tax is the financial levy or charge imposed on an individual by the government to fund its expenditure.

When a product is purchased, the ownership cost of the product does not include tax because a product is not taxable. The income from the product is taxable but not the product itself.

So when purchasing a product, asides from value added taxes which has been included in the product price, there is no continuous tax payment on the product after its been paid for.

Cheers.

7 0
3 years ago
1. In a pure competition market, producers should produce and sell where P=MC. Why? Why couldn’t they price their product above
Travka [436]
In a pure competition market, all products that being sold in that market is EXACTLY the same. None is worse and none is better.

In that condition, Buyers will make their decision based on price ( since all product's quality is possible)

That's why producers should sell where p=MC, which mean they should sell in the lowest price possible to be able to compete with other competitors
5 0
3 years ago
(blank) criticism is a poorly delivered criticism that can be hurtful and malicious.
Luden [163]

Destructive Criticism

4 0
3 years ago
Other questions:
  • The most recent income statement for the Chicago Branch of Illinois State Bank is presented below: Sales $65,000 Variable costs
    14·1 answer
  • McDonald's culture, with an emphasis on cleanliness, consistency, service, and the training that reinforces the value of these c
    5·1 answer
  • Bud’s Bucket ice cream company produces a chemically enriched ice cream and decides to penetrate the gourmet market by offering
    9·1 answer
  • A __________ visually shows that the total revenue curve and the total cost curve intersect at a point of zero profit.
    12·1 answer
  • A difference between money issued by colonies and money issued by the continental congress was that money issued by each colony
    9·1 answer
  • Adamdata, a cell phone brand, is planning to collaborate with a few companies that create software for cell phones. It wants to
    12·1 answer
  • SwiftyCompany is considering two capital investment proposals. Estimates regarding each project are provided below:
    5·1 answer
  • During 2020, Starnes Corporation developed a patent. Starnes incurred the following costs related to the development of the pate
    11·1 answer
  • When the effective-interest method of bond discount amortization is used,
    7·1 answer
  • The ________ states that the opportunity cost of producing a good always rises as one produces more of it. group of answer choic
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!