Answer:
Explanation:
The detailed steps and calculation is as shown in the attached files.
The correct answer is utilitarianism. This is defined as an
ethical theory by which it states the best or most preferred action by which is
the one responsible or best for maximizing utility. In terms, it is defined as
a wellbeing of the sentient entities.
Answer:
A
Explanation:
A budget constraint is a graph that shows all the combination of goods a consumer can consume given current prices and income of the consumer.
If income increases, the budget constraint will shift out parallel to the old
If income decreases, budget constraint will shift in parallel to the old one.
Answer:
regular sales price $270, total sales per month = 10 units
basic manufacturing costs:
variable cost per unit $120
fixed costs $3,000
if further processed, sales price $300
if further processed:
additional variable cost $20 per unit
additional fixed costs $400
At what sales price level would the new, improved radio begin to improve operating earnings?
sales price $270
revenue $2,700
variable costs -$1,200
fixed costs -$3,000
operating income -$1,500
sales price $300
revenue $3,000
variable costs -$1,400
fixed costs -$3,400
operating income -$1,800
Since relevant costs increase by $60 per unit (= $20 variable costs and $400/10 in fixed costs), then the sales price should increase more than $60 in order to lower the company's losses.
If the company wants to make a profit, then it should increase its sales price by more than $180 per unit. If the radio is processed further, in order to break even its sales price should be $480 per unit.
sales price $480
revenue $4,800
variable costs -$1,400
fixed costs -$3,400
operating income $0
Any sales price above $480 will result in an operating profit.