Explanation:
Over the past several decades, advances in technology, greatly reduced the cost of making computers which resulted in the decline of the equilibrium price of  computers and also resulted in increased equilibrium quantity. The reduction in the computer prices also caused an increase in the consumer surplus. 
computer price down -> equilibrium price down
computer price down -> equilibrium quantity up
computer price down -> consumer surplus up
The producer surplus increases due to increase in quantity and at the same time producer surplus decreases due to decrease in price.
computer price down ->  producer surplus down
computer quantity up -> producer surplus up
 
        
             
        
        
        
Answer:
A) R(x) = 120x - 0.5x^2
B) P(x) = - 0.75x^2 + 120x - 2500
C) 80
D) 2300
E) 80
Explanation:
Given the following :
Price of suit 'x' :
p = 120 - 0.5x
Cost of producing 'x' suits :
C(x)=2500 + 0.25 x^2
A) calculate total revenue 'R(x)' 
Total Revenue = price × total quantity sold, If total quantity sold = 'x' 
R(x) = (120 - 0.5x) * x
R(x) = 120x - 0.5x^2
B) Total profit, 'p(x)' 
Profit = Total revenue - Cost of production 
P(x) = R(x) - C(x) 
P(x) = (120x - 0.5x^2) - (2500 + 0.25x^2)
P(x) = 120x - 0.5x^2 - 2500 - 0.25x^2
P(x) = - 0.5x^2 - 0.25x^2 + 120x - 2500
P(x) = - 0.75x^2 + 120x - 2500
C) To maximize profit 
Find the marginal profit 'p' (x)' 
First derivative of p(x) 
d/dx (p(x)) = - 2(0.75)x + 120
P'(x) = - 1.5x + 120
-1.5x + 120 = 0 
-1.5x = - 120
x = 120 / 1.5 
x = 80
D) maximum profit
P(x) = - 0.75x^2 + 120x - 2500
P(80) = - 0.75(80)^2 + 120(80) - 2500
= -0.75(6400) + 9600 - 2500
= -4800 + 9600 - 2500
= 2300
E) price per suit in other to maximize profit 
P = 120 - 0.5x
P = 120 - 0.5(80)
P = 120 - 40
P = $80
 
        
             
        
        
        
Answer:
Efficiency variance  =$9,860  
unfavorable
Explanation:
Labour efficiency variance is the difference between the actual time taken to achieve a given production output less the standard hours allowed for same multiplied by the standard labour rate
                                                                                                   Hours
11,900 units should have take (11,900× 4hrs)                          47,600                      
but did take                                                                              <u>48,180</u>
Difference                                                                                   580  unfavorable
Standard hours                                                                     <u> ×   $17 </u>
Efficiency variance                                                           <u>$9,860  
unfavorable</u>
 
        
             
        
        
        
Answer:
Economics is the study of how societies use scarce resources to produce valuable commodities and distribute them among different people
hope this helps
Explanation:
 
        
             
        
        
        
Answer:
Explanation:
The preparation of the production budget report in units for Pasadena Candle Inc. is shown below:
Projected sales                                                           37,000 
Add: Desired January 31 inventory                           4,000
Available units                                                            41,000
Less: Estimated January 1 inventory                        -$1,900
Units produced                                                          $39,100