Which life insurance settlement option guarantees payments for the lifetime of the recipient, but also specifies a guaranteed pe
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Answer:
d. the demand curve has shifted to the right.
Explanation:
An increase in demand is associated with a rightward shift of the demand curve.
A decrease in demand leads to a leftward shift of the demand curve.
Some of the factors that cause an increase in demand :
1. Increase in income if the good is a normal good.
2. Expectation of an increase in price in the future.
3. Increase in price of the substitute.
An increase in Quanitity demanded leads to an upward movement along the demand curve. Only changes in price leads to a movement along a demand curve.
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Answer:
1. True, 2. True, 3. True, 4. False, 5. False, 6. True, 7. True, 8. True, 9. False, 10. False, 11. False, 12. False
Explanation:
1. The variable manufacturing cost will remain same as cost behavior patterns remain unchanged.
2. Total fixed cost increases as level of production increases.
10000 units: 10050 units
Variable cost= (70x10000) x40%=$280000 (70x10050)x40%=$281400
Fixed Cost-= 700000-280000= $420000 703500-281400=$422100
3. Increase in level of production will cause the total manufacturing cost to increase.
4. At 10000 units, = 42/unit
10050 units, = $42/unit
5. The total variable manufacturing cost will be greater than last month
At 10000 = (70x10000) x 40% = $280000
At 10050 = (70x10050) x 40% = $281400
6. At 10000 = 70 x 10000 = $700000
At 10050 = 70 x 10050= $703500
7. Cost behavior remain unchanged
70 x 40% = $28
8. Total manufacturing cost = total manufacturing variable + total manufacturing fixed cost
703500 = 281400 - Fixed cost
Fixed cost = $ 422100
9. Total manufacturing cost = 70 x 10050 = $703500
10. = $42/ unit
11. Increase in level of production will increase total manufacturing variable cost
(70x10000) x 40% = 280000
(70x10050) x 40% = 2814000
12. Cost behavior pattern unchanged
= $70