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noname [10]
4 years ago
14

Meat​ Packers, Incorporated​ (MPI) preserves and packages various kinds of meats for transportation to grocery stores. To prepar

e and transport each meat package to a grocery​ store, the firm must purchase ​$6060 in raw meat and pay ​$5050 in wages for labor and ​$4040 in fuel costs. In​ addition, the firm rents a factory for ​$10 comma 00010,000 per month and makes ​$3 comma 0003,000 in monthly payments on meat packaging equipment. Suppose the firm prepares and transports 5 comma 0005,000 packages of meat per month. What are the​ firm's fixed and variable costs of production in a given​ month?
Business
1 answer:
Free_Kalibri [48]4 years ago
7 0

Answer:

Variable cost=$750,000

Fixed costs=  $13,000

Explanation:

Giving the following information:

The firm must purchase ​$60 in raw meat and pay ​$50 in wages for labor and ​$40 in fuel costs. Also, the firm rents a factory for ​$10,000 per month and makes ​3,000 in monthly payments on meat packaging equipment. Suppose the firm prepares and transports 5,000 packages of meat per month.

Variable cost= raw meat + wages + fuel= (60 + 50 + 40)*5,000= $750,000

Fixed costs= rent + packaging equipment= 13,000

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Digg Deep Inc. makes and leases a backhoe to Estes. Due to a defect attributable to Digg Deep's negligence, Estes is injured in
Rainbow [258]

Answer: Estes and Fortis

Explanation: Product liability suit is the region of legislation in which producers, distributors, suppliers, dealers, and others who make commodities accessible or lease products to the public are held accountable for harms those products cause.

The negligence could occur in the production operation involving low -quality materials, design negligence when the commodity is naturally hazardous or useless hence inadequate despite the care applied when producing it or marketing negligence when the important product instructions and warnings are not given prior to the usage. In this case, Dig Deep Inc. is liable to Estes and Fortis for the injury they sustained from using their product, backhoe.

5 0
3 years ago
Kari is on a trip to italy. she has made a list of cities she would like to tour while she is there, as well as how much she exp
stealth61 [152]

Based on the amount budgeted and the cost of sight seeing, kari has almost exactly enough left in her budget to see genoa.

<h3>Which city should Kari see?</h3>

Exchange rate is the rate at which one currency is exchanged for another currency. In ths question, 1 dollar is exchange for 0.6859 euros.

  • The first step is to convert the amount budgeted to Euros: 585 x 0.6859 =  401.25
  • Cost in Euro of seeing Naples : 0.6859 x 71.06 = £48.74
  • Cost in Euro of seeing Venice : 0.6859 x 113.38 = £77.77
  • Total cost of the sightseeing =  £48.74 + £77.77 + £68.77+ £95.41 + £49.69  + £60.85 = £401.25

To learn more about exchange rate, please check: brainly.com/question/13717814

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4 0
2 years ago
University researchers create a positive externality because what they discover in their research labs can easily be learned by
Gekata [30.6K]

Answer:

B) offer grants to university researchers

Explanation:

Positive externality is when the benefits of economic activities to third parties exceeds its costs.

Research and development activities usually generate positive externality because discoveries and inventions are made which benefits the whole society.

Also, education generates positive externality .

Government can encourage activities that generates positive externality by giving grants and subsidies.

Giving grants and subsidies reduces the cost of activities.

Taxes increases the cost of production and this can discourage production.

It is activities that generate negative externality that are usually taxed.

Negative externality is when the benefits of economic activities to third parties is less than the cost.

6 0
3 years ago
The future value of $200,000 invested at a 7% annual rate, compounded quarterly for 3 years is _____. (Do not round your interme
Lyrx [107]

Answer:

$246,287.86

Explanation:

The formula for calculating future value:

FV = P (1 + r)^n

FV = Future value  

P = Present value  

R = interest rate = 7/4 = 1.75%

N = number of years = 4 x 3 = 12

$200,000( 1.0175)^12 = $246,287.86

6 0
3 years ago
If Ben values good X more than good Y and Catherine values good Y more than good X a firm can increase its profits by
german

Answer:

D. bundling the goods

Explanation:

The company in this case is being discreet to the needs of its consumers.

Inorder to kill two birds with one stone; meaning to meet their consumers value for good X and Y they could make more profits by selling them together as a package.

By doing so both Catherine and Ben would purchase same package, reducing the costs of producing separate products for the company.

6 0
3 years ago
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