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MissTica
3 years ago
11

An artisan who creates customized furniture has a customer who is interested in purchasing several pieces of furniture. The arti

san decides to sell the furniture via a two-part tariff, charging a fee to work with the customer and an additional price for each individual piece of furniture. How should the artisan determine the price of each piece of furniture?
Business
1 answer:
koban [17]3 years ago
8 0

Answer:

2) Set the price of each piece of furniture equal to the marginal cost of producing it.

Explanation:

What happens in two-part tariff is that the producer recovers the entire cost of producing by charging price equal to the marginal cost.

This helps him recover cost and the entire fee the producer charges results in profits eventually. Hence, the profits is the consumer 'surplus' that we calculate given that the price of product is equal to marginal cost.

So answer here is 2- Set the price of each piece of furniture equal to the marginal cost of producing it.

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zepelin [54]

Answer:

the answer is A. 20

Explanation:

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3 years ago
Data concerning Bedwell Enterprises Corporation's single product appear below:
melisa1 [442]

Answer:

unit sales = $3482.49

Explanation:

given data

Selling price per unit  = $240.00

Variable expenses per unit = $99.50

Fixed expense per month = $454,290

monthly target profit =  $35,000

solution

we get here contribution margin that is express as

contribution margin = Sales - Variable cost    ..................1

put here value

contribution margin = $240 - $99.50

contribution margin =  $140.50

so here Target Contribution margin will be

Target Contribution margin = Fixed cost + Target profits    ...............2

put here value

Target Contribution margin = $454,290 + $35,000

Target Contribution margin = $489290

so here unit sales will be as

unit sales = \frac{489290}{140.5}

unit sales = $3482.49

8 0
3 years ago
An insurer hires an advertising agency to create an advertisement for a health insurance policy. The public complains that the w
OLga [1]

Answer:

The insurer shall be held liable

Explanation:

For any published or displayed content which relates to the insurer or it's products, the insurer shall be made liable for any inappropriate content.

In cases wherein the advertisement function has been assigned to an insurance agency, even in such a scenarios, the sole responsibility rests with the insurer and it's their primary responsibility to check upon the content advertised.

Thus, if any inappropriate content or misleading claims are made, it shall be assumed those have been issued by consent of the insurer and the insurer cannot escape this liability.

5 0
3 years ago
Black market dealers are often legitimate businesses with questionable and illegal practices. (points : 2) true false
amm1812
 The Black Market is a series of dealers who can get you a product that has been repealed from stores, such as 2006 yellow Tide, which cleaned the products too good, forcing the company to take it off the market because they wanted to continue to sell products that they claim better than the last. The Black Market is illegal and if currently under high investigation by governments all over the world. So, if the Black Market practice itself is illegal and all actions taken while in the Black Market are as well, I think you can finalize your answer. Hope this helped!
6 0
3 years ago
In which of the following scenarios will you be entitled to pay the least amount of money out-of-pocket for a medical expense?
solong [7]
You have no insurance.
7 0
3 years ago
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