3 years ago

A normative economic statement can be proved or disproved by reference to facts?

1 answer:

6 0

No, A "Normative economic statements are those statements that cannot be either proved or disproved with reference to facts."

However, "Positive economic statements are those statements which can be either proved or disproved with reference to facts."

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Which term works best as a title for the list?

Marysya12 [62]

Answer: B. Land

Explanation: Just makes sense

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3 years ago

Output Total Cost 0 $24 1 33 2 41 3 48 4 54 5 61 6 69 Refer to the above data. The average fixed cost of producing 3 units of ou

3241004551 [841]

Answer:

Explanation:

Fixed cost is the cost that does not vary with output. It is the cost incurred even if output it zero - if no unit of output is produced.

fixed cost = average fixed cost x output

The fixed cost is $24. this is the cost incurred when output is zero

Average fixed cost = $24/3 = $8

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3 years ago

g Based on a predicted level of production and sales of 22,000 units, a company anticipates total variable costs of $99,000, fix

lbvjy [14]

Answer:

Total contribution margin= $60,000

Explanation:

First, we need to calculate the actual contribution margin:

Contribution margin= net income + fixed costs

Contribution margin= 36,000 + 30,000= $66,000

Now, the unitary contribution margin:

Unitary contribution margin= 66,000/22,000= $3

Finally, the total contribution margin for 20,000 units:

Total contribution margin= 3*20,000= $60,000

4 0

3 years ago

Item 1Item 1 Narchie sells a single product for $50. Variable costs are 60% of the selling price, and the company has fixed cost

Katarina [22]

Answer:

$235,000

Explanation:

The computation fo the safety margin is shown below:

As we know that

Margin of safety = Expected sales - break even sales

where,

Expected sales is

= 29,000 units × $50

= $1,450,000

And, the break even sales is

= Fixed cost ÷ contribution margin per unit

= $486,000 ÷ ($50 - $50 × 0.60)

= $486,000 ÷ $20

= 24,300 units

And, the selling price is $50

So the break even sales is

= 24,300 units × $50

= $1,215,000

So, the safety margin is

= $1,450,000 - $1,215,000

= $235,000

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3 years ago

Suppose income increases by 10 percent and, as a result, the quantity of a particular brand of automobile demanded (holding the

insens350 [35]

C is the answer becaause if you do that then you get it

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3 years ago