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2 years ago

Economic facts in terms of number are known as

Business

1 answer:

arlik [135]2 years ago

5 0

Answer: Index

Explanation:

Any economic fact expressed in terms of number is known as Index,

Index is the statistical change which represents the change in the individual data point. Index measures the change in the consumer goods and its price over time in different geographical locations. Some indices display market variations that cannot be captured in other ways.

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Look at the sales prices change that is being suggested. In particular, Winetki talks about one of the product's prices as doubl

PilotLPTM [1.2K]

The calculation of a revised break-even point in units for the firm as a whole, using the weighted-average contribution margin approach is 1,155,556 units.

<h3>What is the weighted-average contribution margin?</h3>

The weighted-average contribution margin shows the average amount that a group of products or services contribute to meet the fixed costs.

The weighted-average contribution margin can be computed as Aggregate sales - Aggregate variable expenses) ÷ Number of units sold.

<h3>Data and Calculations:</h3>

Aggregate sales revenue = $1,800,000

Aggregate variable costs = $1,125,000

Aggregate contribution margin = $675,000 ($1,800,000 - $1,125,000)

Total units sold = 1,500,000

Total fixed costs = $520,000

Weighted average contribution margin = $0.45 ($675,000/1,500,000)

Break-even point in units = 1,155,556 units ($520,000/$0.45)

Thus, the calculation of a revised break-even point in units for the firm as a whole, using the weighted-average contribution margin approach is 1,155,556 units.

Learn more about break-even analysis at brainly.com/question/21137380

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4 0

1 year ago

A firm has three different production facilities, all of which produce the same product. While reviewing the firm's cost data

kakasveta [241]

Answer:

Joshua statement is correct.

Explanation:

Marginal cost:

Is the cost of producing a new unit.

Average Cost:

$\frac{Fixed Cost + Variable Cost}{UnitsProduced} = $Average Cost$

$\frac{Fixed Cost}{UnitsProduced} + $Variable Cost Per Unit= Average Cost$

If the marginal cost of this plant is lower than their other plants, it can decrease his average cost by increasing the amount produced.

This increase in production decrease the impact of the fixed cost in the unit price. At more production the average cost will decrease. Because the variable cost keeps at the same value but the fixed cost per unit decrease.

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3 years ago

If people believe their rights are being violated, they have the right to a fair and impartial hearing. This reflects the basic

igor_vitrenko [27]

Answer:

I believe its C

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3 years ago

Why has the chinese economy grown so rapidly in the recent years 1 pont?

const2013 [10]

Manufacturing and Industry has significantly boosted China's economy.

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3 years ago

A channel of distribution: A. is any series of firms or individuals who participate in the flow of goods and services from produ

Illusion [34]

Answer:

A. is any series of firms or individuals who participate in the flow of goods and services from producer to consumer or final user.

Explanation:

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2 years ago

Economic facts in terms of number are known as​

Economic facts in terms of number are known as