Answer: Bundle all the three operas together
Explanation:
Customers purchase a good only if its price is less than the customer’s reservation price.
Total WTP of consumer 1 = 100 + 200 + 70 = 370
Total WTP of consumer 2 = 120 + 100 + 150 = 370
Hence, all the three operas should be bundled together.
Answer: $57
Explanation:
Opportunity cost is the benefit that is foregone for an individual by choosing one alternative over other alternatives available to him.
If the opportunity cost is lower for an individual then this will benefit him whereas if the opportunity cost is higher then this will not benefit the individuals.
Opportunity cost of going to the theater:
Earning at work = $9 per hour × 3 hours
= $27
Theater ticket cost = $30
Therefore, total opportunity cost of going to the theater is as follows;
= Earning at work + Theater ticket cost
= $27 + $30
= $57
Answer:
DR Work in Progress Account $39,650
DR Factory Overhead Account $18,440
CR Wages Payable $58,090
(To record factory Labor Costs)
Workings
Work in Progress
Standard policy is to send the direct cost of Labor to the Work in Progress Account.
The Total direct cost of labor are all of the above except the Indirect cost.
= 3,460 + 2,870 + 5,260 + 5,950 + 3,630 + 2,380 + 16,120
= $39,650
Answer:
No, her ratio is greater than 37%
Explanation:
Given:
Monthly income = $3,300
Credit card expenses = $80
Student loan expenses = $130
Car payment = $215
All insurances = $1,221
Computation:
Total debt to income ratio = Total debt / Total income
Total debt to income ratio = (80 + 130 + 215 + 1221) / 3300
Total debt to income ratio = 49.87%
Housing payments to income ratio = All insurances / Monthly income
Housing payments to income ratio = (1221) / 3300
Housing payments to income ratio = 37%
No, her ratio is greater than 37%
