If the supply curve for a product is vertical, then the elasticity of supply is equal to zero.
Deliver curve, in economics, photo representation of the relationship between product charge and the amount of product that a dealer is inclined and able to deliver. Product rate is measured on the vertical axis of the graph and the amount of product provided on the horizontal axis.
The supply curve is a graphic representation of the correlation between the fee of terrific service and the amount supplied for a given duration. In a regular illustration, the price will seem on the left vertical axis, even as the amount provided will seem on the horizontal axis.
Deliver curve shift: changes in production fees and associated factors can purpose an entire supply curve to shift proper or left. This reasons a higher or decreased amount to be supplied at a given price. The ceteris paribus assumption: supply curves relate charges and quantities provided assuming no different factors exchange.
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C.corporations even show the difference in what we have done for a
Answer:
Monthly payments = $1845.65
Explanation:
Rate = 0.08/12 = 0.0067
Nper = 20*12 = 240
Pv = $220,000
Fv = $0
Type = Ending (0), Beginning (0)
Monthly payments = PMT(rate, nper, -pv, -fv, type)
Monthly payments = PMT(0.0067. 240, -220,000, -0, 0)
Monthly payments = 1845.648653
Monthly payments = $1845.65
Answer:
Explanation:
this is called make or buy decision, in this prblem we consider the that are directly related to product which can be avoided by purchasin g from other supplier instead producing it, fix cost irrelevant cost because they will occur whether or not company make production of items.
lets solve the problem as follows
Total Variable Cost :
Material 66950
Labor 56650
Variable O.H 30900
Total 154500
Remotes = 10300
Cost per unit Excluding fix cost= 154500/10300 = 15
Cost per unit Including fix cost= 206000/10300 = 20
1.cost between making and buying the remotes if none of the fixed costs can be avoided
Making Cost = 20
Buying Cost = 18
Differrence = 2
Net income If purchase from outside = 2*10300 = 20600
2. if $20,600 of the fixed costs can be avoided.
Total Cost = 206000
Cost avoided = -20600
Net Cost = 185400
Cost per units = 185400/10300 = 18
the cost of making and buying is equal due to decrease fix cost by 20600.
Change in net income = 20600
3.
Rental Income = 20600
Fix Cost save =20600
41200
Answer: b. shift inward
Explanation: The curve is delayed in because although capital goods would increase in the possibilities curve, consumer goods are retracted, so that the fault would have a tendency to lean in closer to zero because consumer goods would not increase in same proportion. This is the same as saying that the production capacity will be limited because to increase the amount of consumer goods produced must be reduced, this way the possibilities curve behaves
