Answer:
B. It depends on the marginal cost of serving more clients and the marginal revenue he will earn from serving more clients.
Explanation:
As the barber is currently cutting hair for 50 clients per week and earns a profit. He is now considering expanding his operation in order to serve more clients. He should expand his business by considering the marginal cost of serving more clients and the marginal revenue he will earn from serving more clients. Marginal revenue and marginal cost has much importance here in order to make the decision. Marginal revenue is the profit which is obtained by selling one extra unit, here serving one more additional customer, whereas, the marginal cost is selling that one extra or additional unit/serving the customer. In this particular case, if the marginal revenues are greater than the marginal costs then he should definitely expand his operations, which means that move will bring more profits to his business.
Answer: Budget Constraint
Explanation: Because from the Question we can see that brain needs $50,000 for his research but was dropped to $30,000 , so the $20,000 not given is the budget constraint .
Answer:
Correct option is (c)
Explanation:
In international market contract manufacturing is when one firm manufactures goods under another firm's label or brand. Under this type of manufacturing, a company seeks another company in a different country to manufacture goods for it. This is done as the it could be costly to manufacture goods in home country in terms of human resources and raw materials.
So, contract manufacturing, also called international outsourcing or international sub-contracting is a cost-effective way of manufacturing goods.
Answer:
The total cost is 1,865,200
The cost per unit is 706 per CD.
Explanation:
Books and brew uses single driver system to allocate the cost. It has incurred total expense of 1,865,200 for the CD in 2014. The number of CD's sold are 2640 this year. The per unit cost is calculated by dividing the total cost of CD's by the number of CD sold this year.
Answer:
$943.77
Explanation:
We use the present value formula i.e to be shown in the attachment below:
Data provided in the question
Future value = $1,000
Rate of interest = 11% ÷ 2 = 5.5%
NPER = 9 years × 2 = 18 years
PMT = $1,000 × 10% ÷ 2 = $50
The formula is shown below:
= -PV(Rate;NPER;PMT;FV;type)
So, after solving this, the market price of the bond is $943.77
