1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
pishuonlain [190]
4 years ago
13

For a certain product, the cost function is linear with fixed costs of $480. If the product will sell for $25 per unit and the b

reak even quantity is 80 units, find the marginal cost and marginal profit for the product.
Business
1 answer:
MArishka [77]4 years ago
7 0

Answer:

Marginal Cost = $19

Marginal Profit = $6

Explanation:

Break even quantity = \frac{fixed cost}{contribution per unit}

80 = \frac{480}{contribution}

Contribution = \frac{480}{80} = 6 per unit

Contribution = Sales - Variable cost = $25 - VC = $6

$25 - $6 = VC = $19

Marginal cost is cost incurred for every additional unit produced, i.e. variable cost = $19, as fixed cost remains constant.

Marginal revenue is additional revenue on sale of every unit = contribution per unit = $6

Marginal cost = $19

Marginal Profit = $6

You might be interested in
Which american job sector has greatly increased since the oil crisis of 1973?
Katena32 [7]
<span>The service jobs, service workers
in section of working class / middle class
-manufacturing jobs have gone down since 73'</span>
7 0
3 years ago
Cost pools are: A. costs that are accumulated before being allocated to cost objects on some common basis. B. costs that are rel
irakobra [83]

Answer:

A. costs that are accumulated before being allocated to cost objects on some common basis.

Explanation:

Cost pools are costs that are accumulated before being allocated to cost objects on some common basis.

3 0
3 years ago
Assume that the number of sellers and market increase, what will happen to the supply curve for the product, and what will happe
Afina-wow [57]

A shift in the number of vendors in a market affects the quantity offered at each price and, consequently, the supply. The supply curve moves to the right as the number of suppliers of an item or service rises.

<h3 /><h3>What is supply curve?</h3>

Supply curve is the correlation between the goods and services supplied in a particular quantity for a period of the time. Maximum the quantity supplied is in the horizontal axis and the price is on the vertical axis.

Thus, A shift in the number of vendors in a market affects the quantity

For more details about supply curve, click here:

brainly.com/question/3978210

#SPJ1

6 0
2 years ago
Blossom Company purchased equipment on January 1 at a list price of $100000, with credit terms 2/10, n/30. Payment was made with
VikaD [51]

Answer:

the total cost of the new equipment is $105,500

Explanation:

The computation of the total cost of the new equipment is given below:

Total cost of the new equipment is

= Net price + Sales tax + Installation charges + Payment for concrete slab

= [$100,000 - ($100,000 × 2%)] + $3,000 + $1,500 + $3,000

= $105,500

Hence, the total cost of the new equipment is $105,500

6 0
3 years ago
Joe is currently in consumer equilibrium by consuming cheese and crackers, such that the last cracker consumed yielded 8 utils a
Ludmilka [50]

Joe should decrease his consumption of crackers and his marginal utility from crackers will  increase and also  increase his consumption of cheese and his marginal utility from cheese will decrease .

<h3>What happens to marginal utility when consumption decreases?</h3>

According to the Law of Diminishing Marginal Utility, the additional utility derived from increasing consumption declines with each additional increase in consumption level.

What happens to marginal utility when consumption increases?

According to the law of declining marginal utility, when consumption rises, the marginal utility gained from each extra unit decreases, all other things being equal.

Why does marginal utility decrease as more is consumed?

  • Consumers will only purchase more of a specific good if the price drops since they get less satisfaction from consuming more units of that good.
  • Thus, the law of diminishing marginal value contributes to the understanding of the law of demand.

Learn more about marginal utility brainly.com/question/15149015

#SPJ4

4 0
2 years ago
Other questions:
  • Which of the following items below would be covered by a standard renters insurance policy?
    11·1 answer
  • The pharmaceutical industry is extremely dynamic. A company that releases a product to the general public with the intention of
    5·1 answer
  • Which of the following does NOT hinder development for less-developed countries
    5·2 answers
  • Roberta deposited 3,116.92 into savings account with an inteest rate of 3.9% compounded quarterly. About how long will it take f
    14·1 answer
  • who are the customers for textbooks? What do these customers want in terms of goods and services related to textbooks? From the
    15·1 answer
  • ​matthew's fish fry has a monthly target operating income of​ $7,200. variable expenses are​ 60% of sales and monthly fixed expe
    13·2 answers
  • Kimberly works for a well known financial company as a sales representative. She earns a small base salary but receives commissi
    6·1 answer
  • Hypercompetitive environments are most common among global competitors, and Lululemon would fall into this category. Which of th
    9·1 answer
  • Feb. 1 Paid $500 for rent of hangar space in February.Feb. 4 Received customer payment of $1,510 to ship several items to Philad
    5·1 answer
  • Even if it is making economic losses, a perfectly competitive firm should keep operating in the short run so long as the price i
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!