Answer:
A producer of fixed proportion goods X and Y ( Q = QX = QY) has marginal costs and revenues of MC = 12 Q , MRX = 54 – 6 QX , MRY = 126 – 12 QY . The producer should produce how …
Using unit conversion, the price of strawberries is $0.27 per ounce.
The conversion of measurement unit is the process of converting different units of measurement for the same quantity, using the multiplicative conversion factors that change the measured quantity value without changing its effects.
Common units for weight and their shorthand are:
- Pound (lb)
- Ounce (oz)
- Kilogram (kg)
- Gram (gm)
The conversion factors:
1 lb = 16 oz = 0.45 kg = 453gm
1 oz = 0.063 lb = 0.03 kg = 28 gm
1 kg = 2.2 lb = 35 oz
1 gm = 0.001kg = 0.04 oz
Information from the problem:
The strawberries cost:
$4.32 per pound = $4.32 per 16 oz
= $4.32/16 per oz
= $0.27 per oz
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Answer:
Real-time processing
Explanation:
According to the <em>TPS (transaction processing system)</em>, real-time processing provides information that is relevant at the time of inquiry.
Since the transaction is individual, the system provides the response (output) without any delay.
In order to complete his task and provide relevant info, Jason uses real-time processing to provide investment information to clients. This kind of processing is common for such applications, where there are lots of continuous variables included (and they change frequently).
Answer:
TRUE
Explanation:
Because the price is below equilibrium the quantity will fall and shortage will ocour. Because of that the price in the black market will become even higher than it was before the price control, making the price control counter productive.
So this additional demand is met at much higher prices than legal market.
Answer:
$ 90000
Explanation:
Given :
The normal selling price of an industrial solvent by Wilson Corporation = $ 100 per barrel.
The variable cost per barrel = $ 40
Total fixed cost of the company = $ 900,000 per month.
Number of barrels in excess = 30,000 per month
Number of barrels the buyer wants to buy = 5000 barrels
New fixed cost = $ 60,000
The increased variable cost is $ 10 per barrel over the normal variable cost.
Now if this special order is accepted, the operating income of the company would increase by an amount of $ 90,000.