What is gained by using the circular flow diagram to illustrate gdp

A firm sells 1000 units per week. It charges $70 per unit, the average variable costs are $25, and the average costs are $65. At

Katarina [22]

Answer:

price $65

Explanation:

given data

total output = 1,000 units per week

Average Price = $70 per unit

Average Variable Cost = $25

Average Cost = $65

solution

we have given average cost is $65

so here firm consider for shutting down in long run price is here $65

because when the firm price go below to $65

then the firm simply exit here industry

so answer is price = $65

5 0

4 years ago

International Data Systems' information on revenue and costs is relevant only up to a sales volume of 121,000 units. After 121,0

laila [671]

Answer:

a. $534,000

b. $271,550

Explanation:

a. Compute operating income at 121,000 units

Using this formula

Operating Income = (Price per unit - Variable cost per unit)*Units - Fixed costs

Let plug in the formula

Operating Income = ($10.00 - $5.00)*121,000 - $71,000

Operating Income = ($5.00)*121,000 - $71,000

Operating Income =$605,000-$71,000

Operating Income = $534,000

Therefore operating income at 121,000 units is $534,000

b. Compute operating income at 221,000 units

Using this formula

Operating Income = (Price per unit - Variable cost per unit)*Units - Fixed costs

Let plug in the formula

Operating Income = ($6.80 - $5.25)*221,000 - $71,000

Operating Income = $1.55*221,000-$71,000

Operating Income = $342,550-$71,000

Operating Income = $271,550

Therefore operating income at 121,000 units at 221,000 units is $271,550

5 0

3 years ago

True or false:

Mariulka [41]

Answer:

True

Explanation

cause i said so

Also I like your pfp

7 0

3 years ago

In a small business that is seeking to innovate in its products and services as well as its internal processes, a manager is mor

erastova [34]

Answer:

Nonprofit companies as the name implies are those that work through donations made by certain entities. If it is known that a non-profit company does not know how to manage its resources, then these entities or individuals who want to make donations for the cause, will not do so because the idea is that the purpose of the association is fulfilled.

For example if a company donates medical equipment to a hospital and instead of medical equipment they buy a car then we would be saying that they would not be taking advantage of resources

4 0

3 years ago

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Outline reasons why some chemicals are not suitable for man's use

Vilka [71]

Answer: Chemicals such as insecticides, pesticides, and others must be kept away because they can contaminate food, and make it poisonous to anybody. Some can cause burns, vomiting, diarrhea, and in very large amounts, drowsiness or death. Chemical products may cause immediate health effects, such as skin or eye irritation or burns, or poisoning. There can also be longer-term health effects from chemicals.

Explanation:

4 0

3 years ago

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