Answer:
Profit margin = $3 per unit
Explanation:
<em>The profit margin earned is the difference between selling price and the manufacturing cost</em>
Manufacturing cost per unit = variable cost + fixed overhead cost per unit
overhead absorption rate = estimated overhead/estimated machine hours
=$220,000/20,000 machine hours
= $11 per hour
Manufacturing cost per unit = 2 + (11 × 2) = $24 per unit
Profit margin = 27 - 24
= $3 per unit
Answer:
The average product of the 51st worker is 18.14.
Explanation:
The average product per worker is calculated by dividing total output with number of worker.s This problem asks us to tell average product per worker if output is 925 chairs and total number of workers are 51.
So
average product = Total chairs produce/number of workers
= 925/51
= 18,14 chairs
Answer:
$1,079 billion
Explanation:
Given that,
Consumption of Fixed Capital = $25
Government Purchases = 315
US imports = 260
Personal Taxes = 45
Transfer Payments = 247
US Exports = 249
Personal Consumption Expenditures = 475
Net Foreign Factor Income = 5
Gross Private Domestic Investment = 300
Taxes on Production and Imports = 245
Undistributed Corporate Profits = 60
Social Security Contributions = 240
Corporate Income Taxes = 65
Statistical Discrepancy = 40
GDP:
= Personal Consumption Expenditures + Gross Private Domestic Investment + Government Purchases + Net exports
= $475 + $300 + $315 + ($249 - $260)
= $1,079 billion
Or another way to say that is the Opportunity cost
To find out ivan's total earning, first we must found out his annual interest earning , which would be :
$1,000 x 4.5 % = $45 per year
His total earning for 30 years = 45 x 30 = $1,350
since there is no information about values changes, that will be pretty much it,
hope this helps
