Answer:
The correct answer is: direct costs.
Explanation:
The direct costs are the costs that can be easily traced to the goods or services or projects. It includes material and labor cost and distribution cost incurred in the production of a product.
It is contrasted to indirect costs which cannot be traced to a product and is not directly linked to a product.
The sunk costs are cost which has already been incurred are no longer relevant for economic decisions.
Fixed costs are the costs that do not vary with the change in the volume of product.
So, the direct cost is the correct answer.
Answer:
b
Explanation:
nominal exchange rate is the rate at which one currency is exchanged for another currency. this rate included the inflation rate
real exchange rate is exchange rate adjusted for inflation
net export = export - import
if the nominal exchange rate declines it means that the value of the us dollar declines
if inflation is higher abroad than in the US, the value of the US dollar ought to increase. Because it the exchange rate decreases, it means that real exchange rate has also decreased.
Foriegn goods would become more expensive and export would increase
Economic order quantity: sqrt( (2 x annual
Sales x ordering cost)/ carrying cost)
EOQ = sqrt(2x117106x4.14)/2.82)
EOQ = 586.38
Optimal average in inventory = EOQ/2
Inventory = 586.38/2 = 293.19
Round up:
Answer: 294 units
Answer:
1 (a)
Since p = 10 - Q,
Revenue = p × Q=10Q - Q2
Hence, MR = 10 - 2Q.
MC is given fixed at 4.
Demand function is Q = 10 - p.
Plotting all these values in graph attached picture, we get
1 (b)
The monopolist will yield where MR = MC. So,
10 - 2Q = 4
Q = 3.
At this quantity, P = 7.
1 (c)
Consumer Surplus = Area of Triangle ABC = 0.5 × 3 × 3 = 4.5
Producer Surplus = Area of Rectangle ABEF = 3 × 3 = 9
2 (a)
Since the price is now P = MC = 4, this means
Q = 10 – 4 = 6.
2 (b)
The consumer surplus in this case would be = 0.5 × 6 × 6 = 18
The producer surplus will be zero.
2 (c)
Deadweight Loss = Total Surplus in Case B - Total Surplus in Case A
18 - 13.5 = 4.5
Answer:
$1.804 ; $1.7856
Explanation:
The computation is shown below:
The formula is presented below:
= Initial forecast + a × (Actual demand of last month - initial forecast of last month)
For November, it would be
=$1.83 + 0.1 × ($1.57 - $1.83)
= $1.83 - 0.026
= $1.804
For December, it would be
=$1.804+ 0.1 × ($1.62 - $1.804)
= $1.804 - 0.0184
= $1.7856
