Answer:
A consortium usually operates in a country where none of the participants is currently active.
Explanation:
T or f for what? What are the Answer choices
Answer:
$1,892.8
Explanation:
Variable cost per minute:
= Change in cost ÷ Change in minute
= (4,000 - $2,640) ÷ (480 - 170)
= 1,360 ÷ 310
= 4.39 per minute
Fixed cost:
= January total bill - (January minutes × Variable cost per minute
= 4,000 - (480 × 4.39)
= 4,000 - 2,107.2
= $1,892.8
Therefore, the fixed portion of the total cost is $1,892.8
Price floor can be used by policy makers to keep the price of beef from getting too high.
A price floor is a restriction on how low a price can be imposed for a good, item, or service that is set by the government or another party. To be effective, a price floor needs to be greater than the equilibrium price.
It is the least amount that is permissible under law to exchange products and services, labor, or financial capital.
The minimum wage, which is founded on the normative idea that someone performing a full-time job should be able to afford a basic level of living, is maybe the best-known example of a price floor.
In order to prevent a commodity's market price from falling too low and endangering the producers' ability to make a living, governments typically set a price floor.
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Answer:
b) $0.40 per unit and $8,000.
Explanation:
The computation of the high-low method, the variable cost per unit and the total fixed costs is given below:-
Total Cost Production Units
April $120,000 280,000
May $74,000 165,000
June $90,900 230,000
Using High Low method
Variable Cost per unit = (High Cost - low Cost) ÷ (High Cost Units - low Cost Units)
= ($120,000 - $74,000) ÷ (280,000 - 165,000
)
= $46,000 ÷ 115,000
= $0.40
Fixed Cost = Total Cost - Variable Cost per unit × Production unit
= $120,000 - $0.40 × 280,000
= $8,000
