Answer:
Break-even point= 3429 units
Explanation:
Giving the following information:
Total Units for information given 7,000.
Fixed Cost per Unit $150
Selling Price per Unit $ 475
Variable Costs per Unit $125
Target Operating Income $ 150,000
Break-even point= fixed costs/ contribution margin
Break-even point= (150*7000 + 150,000) / (475 - 125)= 3429 units
Answer: 5% of RS 100,000
Explanation:
Opportunity cost is what an economic agent such as an individual, form or government forgoes when a choice is made from different available choices.
Here, since Inaya has used Rs100000 for her ice cream business, the opportunity cost will be the 5% interest that she could have made on the money used for the business
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Answer:
Equilibrium price will remain the same and equilibrium quantity would increase.
Explanation:
- When supply is perfectly elastic, suppliers are willing to sell any quantity demanded at a given price (in the graphic attached P*).
- If the population increases, tipically demand of every product would increase (included oil demand).
- Then, if demand increases (from Demand 0 to Demand 1 in the graph), the equilibrium quantity would increase, but prices remain the same because of supply elasticity.