Answer:
$60 to $70; 20 units to 25 units
Explanation:
The production point for the monopolist is where the marginal revenue is equal to the marginal cost,
For first demand curve,
P = 100 - 2Q
MR = 100 - 4Q, the MR curve is double sloped than the demand curve
MC = 20
Now, Equating Marginal revenue with marginal cost,
100 - 4Q = 20
4Q = 80
Q = 20
P = 100 - (2 × 20)
= 60
For second demand curve,
P = 120 - 2Q
MR = 120 - 4Q
MC = 20
Now, Equating Marginal revenue with marginal cost,
120 - 4Q = 20
4Q = 100
Q = 25
P = 120 - (2 × 25)
= 70
So, the quantity increases from 20 units to 25 units and the price increases from $60 to $70.
Answer:
A.
Explanation:
The Contribution Margin Ratio is the ratio of contribution margin to sales revenue.
Contribution Margin Ratio = contribution margin / sales revenue
Contribution Margin = sales price - variable cost
If the sale price is increasing, and the variable cost remains the same, the contribution margin is going to increase.
Break even point shows the amount of sales volume where the total cost is equal to the company´s full income. The point where total costs are equal total revenue is known as the break even point.
If sales increase, and the costs remains the same, the break even point is going to decrease.
Answer:
International trade and specialization allows us to gain from trade. If a nation uses international specialization and trade to obtain the Laptop it needs to give up 400 units of toys as compared to 500 units if it was to produce it by itself. This reduces the opportunity cost of producing laptops by 100 toys and “thus move outside its production possibilities curve.”
So, the above statement is true.
I believe the answer is <span>ban the use of hazardous chemicals by industries.
This happen because the benefit of using several hazardous chemicals actually exceeds the risk of damage that it potentially cause to the environment (For example, Plutoniom that is used as a substance material to make energy generating nuclear reactor)</span>
Answer:
1,073.54 total interest
Explanation:
39,000 x 9% x 80days/360 = 780 interest expense
Payment 4,200 - 780 = 3,420 deducted form the note:
39,000 - 3,420 = 35,580
35,580 x 9% x 33/360 = 293.54 interest expense
6,200 - 293.54 = 5,906.47 deduced form the note
35,580 - 5,906.47 = 29,673,53
293.54 interest expense
780 interest expense
1,073.54 total interest
