Answer:
Direct materials of $60,000, direct labor of $52,800, utilities of $6,000, and supervisor salaries of $15,000.
Explanation:
For 10,000 units:
Direct materials (DM) = $50,000
Direct labor (DL) = $44,000
Utilities (U) = $5,000
Supervisor salaries (S) = $15,000.
For 12,000 units:
Direct materials (DM):
Direct labor (DL):
Utilities (U) = $5,000
Supervisor salaries (S) = $15,000.
Salaries don't rely on production volume and, thus, should stay the same.
Answer:
Quantity demanded of B/percentage change in price of A.
Explanation:
Cross price elasticity of demand is calculated as follows:
= Percentage change in quantity demanded for Good B ÷ Percentage change in price of good A
Cross price elasticity of demand is positive for the substitute goods and negative for the complimentary goods.
For Substitute goods:
It states that there is a positive relationship between the price of a good and the quantity demanded for its substitute goods.
For complimentary goods:
It states that there is an inverse or negative relationship between the price of a good and the quantity demanded for its complimentary goods.
Answer:
<u>A Star.</u>
Explanation:
The Boston Consulting Group (BCG) matrix depicts a product's market share against the market growth rate. The matrix is also known for it's cow- dog metaphor.
The matrix represents 4 situations namely:
1. Stars : Products with high market share in high growth markets i.e high- high situation.
2. Cash Cows: Products with high market share in low growth markets.
3. Question Mark: Products with low market share in a high growth markets.
4. Dogs: Products with low market share in low growth markets.
In the given case, the product dominates the market i.e high market share. Secondly, it operates in a high growth market. Which means, the product belongs to the situation of a Star.
