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Crazy boy [7]
3 years ago
14

A town is considering investing money into making a public show in a park that can be enjoyed by families during a weekend. The

show requires an investment of $950. There are 150 families, each of which is willing to pay up to $6 for the show. There are also 50 additional families each willing to pay $5 for the show. If the money is invested, there is a large capacity so that any number of families can attend, and their enjoyment will not depend on the number of attendees. (a) According to the utilitarian criterion, should the money be invested
Business
1 answer:
german3 years ago
7 0

<u>Answer:</u>

If 150 are willing to pay $6, amount accumulated = 150 multiply with 6= $900

If 50 family pays & $5 each, amount accumulated = 50 multiply with 5 = $250

Total = $900 + $250 = $1150.

Excess amount = $1150 - $950 = $200

(i) Yes, the money should be invested because after collection from families and investing, there is an excess fund of $200.

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A project is expected to generate annual revenues of $119,300, with variable costs of $75,400, and fixed costs of $15,900. The a
vova2212 [387]

Answer:

c. $19,823

Explanation:

For the computation of annual operating cash flow first we need to find out the EBIT and Tax which is shown below:-

EBIT = Revenue - Variable cost - Fixed cost - Depreciation

= $119,300 - $75,400 - $15,900 - $3,950

= $24,050

Tax = EBIT × Tax rate

= $24,050 × 34%

= $8,177

Operating cash flow = EBIT + Depreciation - Taxes

= $24,050 + $3,950 - $8,177

= $19,823

Hence, the correct option is c.

5 0
4 years ago
How much of a good is offered for a sale at a specific price?
Sindrei [870]
It is indeed quantity supplied and the economists define it as the amount of a good that sellers are willing to sell and are able to sell. One of the movements related to the quantity supplied syas that when there are rising prices then there are new firms into a market and add to the quantity supplied of a good. Quantity supplied can be measured with a Market supply curve or the <span>Elasticity of supply.</span>
8 0
3 years ago
Read 2 more answers
Ralston purina offers super-premium dog foods based on "life-stage nutrition." the repositioning strategy ralston purina is usin
Ivanshal [37]

The strategyn Ralston Purina used is called Trading Up.

Trading up is making the number of features in a product that increases. For an example, making it's quality better, adding extra details etc. They do that sometimes to make the price of their product to go up.  

5 0
4 years ago
The law of supply indicates that:A)the product supply curve is downsloping.B)consumers will purchase less of a good at high pric
vova2212 [387]

Answer:

C) producers will offer more of a product at high prices than they will at low prices.

Explanation:

In Economics, there are primarily two (2) factors which affect the availability and the price at which goods and services are sold or provided, these are demand and supply.

The law of demand states that, the higher the demand for goods and services, the higher the price it would be sold all things being equal. On the other hand, law of supply states that the higher the price of goods and services, the lower the supply.

The law of supply indicates that producers will offer more of a product at high prices than they will at low prices.

In order to understand both short-run economic fluctuations and how the economy move from short to long run, we need the aggregate supply and aggregate demand model.

When the price level rises, the wealth effect and the interest-rate effect provide incentives for consumers to spend less. The price level of goods and services in an economy influences the exchange rate, imports and exports.

An aggregate supply curve gives the relationship between the aggregate price level for goods or services and the quantity of aggregate output supplied in an economy at a specific period of time.

8 0
3 years ago
The act that requires most employers to withhold certain amounts from employees' earnings for contributions to the Social Securi
raketka [301]

Answer:

Federal Insurance Contributions Act

Explanation:

The Federal Insurance Contributions Act refers to a law that establishes the federal taxes that are deducted from employees' salaries to get the funds for social services like Medicare, disability insurance, among others. According to  this, the answer is that the act that requires most employers to withhold certain amounts from employees' earnings for contributions to the Social Security and Medicare programs is called the Federal Insurance Contributions Act.

5 0
3 years ago
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