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3 years ago

Which of the following statements is correct?

Business

1 answer:

musickatia [10]3 years ago

7 0

Answer:

Correct option is B.

A budget line shows the limits to what a consumer can buy

Explanation:

In economics, a budget line represents all the combinations of goods and services that a consumer may purchase given current prices within his or her given income. Consumer theory uses the concepts of a budget constraint and a preference map to analyse consumer choices.

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6) For the past few years your company has sold 50,000 units of goods each year at a selling price of $26/unit. Fixed production

lana66690 [7]

Answer:

Explanation:

Expected sales(S) -58000 units

Variable cost ( VC) = $9/unit

Fixed cost ( FC) =$ 300000

Sales price =$26/unit

a) Average total cost next year

ATC=(TFC+TVC)/number of units sold = TC/number of units sold

TFC-Total fixed cost; TVC - Total variable cost; TC-Total cost

TVC= 9×58000= 522000

TC=300000+522000=822000$

ATC= 822000/58000= 14.17$

b) Marginal contribution rate = contribution per unit of quantity sold

Contribution = SP-VC = = 26 - 9= $ 17

SP - Selling price; VC -Variable cost

marginal contribution is $17

C) Profit margin = Total sales - total cost

Total sales = 58000*26; Total cost = 58,000*14.17

PM= 1508000-821860 = $ 686140

d) Break even volume =( Fixed cost/profit volume ratio)

P/ v ratio =( Contribution /sales ) = 17/26

Break even volume = 300000/( 17/26) = 458824$

6 0

3 years ago

What are some ways to make money through investing in real estate.

UNO [17]

There are a few ways that you can make money in real estate:

CHARGE RENT:
If you own a house, hotel, mobile home, or land that is unused, charge people rent to use your facility/property.

BUSINESS OPERATION:
Why not start a car wash, convenience store, or a retail store? That's extra income that you have access to!

FLIP HOUSES:
You can easily flip a house by buying any old/run-down house and upgrading it. A profit is almost guaranteed.

7 0

3 years ago

The images of darkness in sonnet 79 by pablo neruda are different from the images of darkness in his sonnet 17 because in sonnet

ra1l [238]

The answer is a threat.

3 0

3 years ago

Read 2 more answers

A(n)_____ -end fund issues shares only when it is organized and its shares are usually traded on a stock exchange.

Naddik [55]

Answer: closed

Explanation:

4 0

2 years ago

Suppose the own price elasticity of demand for good X is -3, its income elasticity is -2, its advertising elasticity is 4, and t

Andrew [12]

Answer:

a. 21 percent

b. -20 percent

c. -8 percent

d. -8 percent

Explanation:

Own price elasticity = -3

Income elasticity = -2

Advertising elasticity= 4

Cross price elasticity = -2

Formula for elasticity is given by,

$Elasticity = \frac{Percentage change in Quantity}{Percentage change in factor}$

a. When price of good X decreases by 7 percent.

$Elasticity = \frac{Percent change in quantity}{Percent change in own price}$

$-3 = \frac{Percent change in quantity}{-7}$

$Percent change in quantity = (-3) * (-7) = 21$

Thus, as price decreases by 7% quantity rises by 21%.

b. The price of good Y increases by 10 percent.

$Corss- price elasticity = \frac{Percent change in quantity}{Percent change in Price of good Y} \\ -2 = \frac{Percent change in quantity }{10} \\Percent change in quantity = (-2) * (10) \\ = -20$

Thus, as price of good Y increases by 10 percent, demand for good X falls by 20 percent.

c. Advertising decreases by 2 percent.

$Elasticity = \frac{Percent change in quantity}{Percent change in advertising} \\4 = \frac{Percent change in quantity }{-2} \\Percent change in quantity = (-2) * (4) \\ = -8$

Thus, a 2 percent decline in advertising will lead to a 8 percent fall in quantity of good X.

d. Income increases by 4 percent.

$Income elasticity = \frac{Percent change in quantity }{Percent change in income}\\-2 = \frac{Percent change in quantity}{4} \\Percent change in quantity = (-2) * (4) \\ = -8\\$

Thus, when income increases by 4 percent, quantity decreases by 8 percent.

5 0

3 years ago