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Vladimir79 [104]
3 years ago
4

I'MaGadgetCo. produces and sells widgets. Last year, it produced 9,000 widgets and sold each one for $8. To produce the 9,000 wi

dgets, the company incurred variable costs of $27,000 and a total cost of $36,000. I'MaGadgetCo's average fixed cost to produce 9,000 widgets was A. $1.00B. $3.00C. $4.00D. $7.00
Business
1 answer:
il63 [147K]3 years ago
6 0

Answer:

A.

Explanation:

Total costs are equal to total fixed costs plus total variable costs.

TC = FC + VC

Per unit, the equation is:

Total costs per unit = (total fixed costs / units of production) + unit variable costs.

In this example, the equation is:

TC $36.000 = FC + VC $27.000

$36.000 - $27.000 = FC

$9.000 = FC

FC per unit = FC / units of production

FC per unit = $9.000 / 9.000 units of production

FC per unit = $1

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Answer:

d. 12.5%.

Explanation:

Price elasticity of supply measures the degree of responsiveness of quantity supplied to changes in price.

If the price elascitiy of supply is 0.4, it indicates that supply is inelastic. This means that a change in price has little effect on quantity supplied.

Price elasticity of supply = percentage change in quantity supplied / percentage change in price

0.4 = 5% / percentage change in price

percentage change in price = 12.5%

I hope my answer helps you.

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What types of skills do people in the hospitality and tourism fields have in common? Check all that apply.
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They have empathy, emotional intelligence, teamwork, stress and time management, problem-solving, and strategy and innovation in common.

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3 years ago
Katia, the computer department manager at Tech Enterprises, is considering whether to use a group to develop a plan to help empl
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<u>Answer:</u>

<em>It will increase acceptance of the plan </em>

<em></em>

<u>Explanation:</u>

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The sharing of data among bunch individuals is another bit of leeway of the cooperative choice-making process. Collective choices consider a more extensive extent of data since each gathering part may contribute one of a kind data and ability. Sharing data can expand understanding, explain issues, and encourage development toward an aggregate choice.

4 0
4 years ago
A pair of jeans cost $25 in the U.S. and 1600 dinar in Algeria. If the nominal exchange rate is 75 dinar per U.S. dollar, then t
gregori [183]

Answer:

1.172 US pair of jeans/Algeria pair of jeans

Explanation:

The real exchange rate correlates the price of the same good in two different countries. In this case, the good is a pair of jeans.

The real exchange rate is given by:

RER=Nominal\ Rate*\frac{Cost\ of\ jeans(US)}{Cost\ of\ jeans(Algeria)} \\RER = \frac{75\ dinar}{\$}* \frac{\$25}{1600}\\ RER = 1.172\ US\ jeans/Algeria\ jeans

The real exchange rate is 1.172 US pair of jeans/Algeria pair of jeans.

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Answer:

<u>True</u>

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Green computing helps in reducing the waste and uses less energy and it also helps in promoting the recyclability.

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