Answer:
Total fixed cost $16,000
unit fixed cost for 10,000 units $1.60
Explanation:
the budget was made for 8,000 units
so the 2.00 dollars for fixed cost will be based on a production for 8,000 units
total fixed cost: 8,000 budgeted units x $2 per unit = 16,000
This is the level of fixed cost.
<u>For 10,000 units the total fixed cost should be the same.</u>
and for units it will be total cost / units of production
16,000 / 10,000 = 1.6
On unit-level it will drop by 40 cent to $1.60 from $2.00
Answer:
A) Shortage, B) Fall in Price
Explanation:
A] Market is at equilibrium where - downward sloping Market Demand (inversely related to price), & upward sloping Market Supply (directly related to price) - are equal & these curves intersect each other.
Above condition gives us equilibrium price & quantity.
If market price < equilibrium price, as given case 15 < 20. Then, supply being directly related to price is lesser, demand being inversely related to price is higher. So, there is a situation of excess demand, ie <u>shortage </u>(graphically denoted by distance between demand & supply curve at actual price below equilibrium price)
B] Dealers of hybrid vehicles increase imply increase in supply of these vehicles, rightwards shift in the supply curve. This creates excess supply ie surplus of them. It implies that competition among sellers lead to <u>fall in price </u>of these hybrid vehicles.
30 because I don’t know what if I got it back in there at least you know
A. Women face wage discrimination and experience lower pay within similar professions compared to men.