Answer:
100 sweatshirts
Explanation:
To calculate the breakeven, we will first calculate the Contribution earned from each of the unit (sweatshirt) produced and sold.
Contribution per unit = Selling price per unit - Cost of producing one unit
Contribution per unit = $25 - ($10 + $2)
Contribution per unit = $13
Then in order to calculate breakeven, we divide the total fixed cost from the Per unit Contribution earned to determine the no. of unit at which we would be at breakeven (i.e. no profit no loss). As shown below:
Breakeven = Total Fixed Cost / Contribution per unit
Breakeven = ($1,000 + $300) / $13
Breakeven = 100 units of sweatshirt
Interest groups always have a lot of issues that they face. The Free Rider Problem makes it harder for interest groups to attract official members who will pay to join is a true statement.
Interest group is known to be a group set up around a set of opinions or preferences and they often seek to affects others in different ways so as to promote or protect their interest.
A free rider problem is known to be a common issued that is faced by unions and groups when people do not join due to the fact that they can benefit from the group's activities without officially joining.
This pose a big issue as people just want to enjoy privileges for free The bigger the group, the more large the free rider problems are.
Learn more about free rider problems from
brainly.com/question/6968258
The answer to your question is Washington D.C.
Answer: elastic
Explanation:
The price elasticity of supply will be:
The percentage change in price will be:
= (1.50 - 0.50)/0.50 x 100
= 1.00/0.50 × 100
= 200
The percentage change in quantity will be:
= (4 -2)/2 x 100
= 2/2 × 100
= 100
Elasticity = % change in quantity/% Change in Price = 200/100 = 2
Since elasticity = 2, this indicates supply is elastic as it's greater than 1.
Answer:
city mileage standard deviation for this SUV model is 2.34 mpg
Explanation:
given data
mean = 15.2 mpg
company indicated SUV more than 17 mpg = 22 %
to find out
city mileage standard deviation
solution
we know here that
P(Z > 0.77) is = 0.22
so here z is
z = 0.77
and
we use here z-score formula that is
mean x = z × + ................1
so
= ( x - ) ÷ z ................2
put here value and we get
=
= 2.34
so city mileage standard deviation for this SUV model is 2.34 mpg