Answer:
The correct answer is:
5.0 percent deflation between the first and second years, and 3.0 percent deflation between the second and third years. (a)
Explanation:
to calculate the percentage deflation, we will simply calculate the percentage change in price between the years stated. This is calculated as follows:
% change = 
Note that the negative sign shows a deflation.
if you use the same method for years two and three, you should get -3%, using P₁ as 142.5 and p₂ as 138.2. Hence option 'a' is correct.
Answer:
Average total cost= $46
Marginal revenue= $33
Explanation:
In this instance the monopolist's total cost is the revenue from sale of one unit less the economic profits per unit
Economic profit per unit= 2,700/900
Economic profit per unit= $3
Average total cost= (Price per unit) - (Economic profit per unit)
Average total cost= 49 - 3= $46
For this instance marginal revenue is equal to marginal cost.
Marginal revenue= Marginal cost= $39
Answer:
Option A (Both the adjuster and the student we potential customers because in their own way, they both benefit from the product).
Explanation:
Both the adjuster and the student were potential customers as they were both buying the smartphone for either personal or official use. The adjuster sees the smartphone as a product or tool that could be used to make work efficient. The student sees the product as a luxury. Either way, they are buying the smartphone and as such, they are very important to the producers of the smartphone because the product is useful to both of them.
<span>The Gini ratio for lifetime income is less than the Gini ratio for annual income.</span>
Answer:
A.$42,700 increase
B. Yes
Explanation:
A.
Selling price unit $30
Variable cost unit ( 21)
Logo ( 2)
Contribution margin unit $ 7 x 6,100 units = $42,700 increase
Therefore the increase in net income Maize will realize by accepting the special order, assuming Maize has sufficient excess operating capacity is $42,700
(b) Should Maize Company accept the special order?
YES. Maize company should accept the special order.