Answer:
$3.30 per pound
Explanation:
The computation of the variable cost portion of their cost formula is shown below:
= Product cost + wages + utilities cost
= $1.15 per pound + $1.95 per pound + $0.20 per pound
= $3.30 per pound
The above cost i.e product cost, wages, and the utilities cost are terms as the variable cost portion so all these three would be considered and others are ignored
Answer:
credit interest receivable200. debit interest revenue 200
Explanation:
Answer:
According to the law of demand, there is a negative or an inverse relationship between the price of the good and the quantity demanded of that good. This means that an increase in the price of a commodity will lead to decrease the quantity demanded for this commodity and a fall in the price of a commodity will lead to an increase in the quantity demanded for this commodity.
Answer:
see below
Explanation:
The balance in Lucia's account is 1.05 times the original deposit, reflecting addition of 5% interest for the year.
The ticket price is the original price multiplied by (1 + inflation rate). The number of tickets that Lucia can purchase is the account balance divided by the ticket price. The quotient is rounded down to the nearest integer.
The "real interest rate" is the percentage change from the original number of tickets that could be purchased.
