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dybincka [34]
3 years ago
11

Given the mixed cost formula, Y = $16,000 + $3.40X, total cost for an activity level of 4,000 units would be:

Business
1 answer:
Katyanochek1 [597]3 years ago
7 0

Answer:

D) $29,600

Explanation:

The mixed cost formula gives the relationship between the cost and the level of activities. It shows the cost as a function of the activity level.

The formula also shows that the cost is made up of a fixed element ($16,000) and a variable element ($3,40X).

Hence at an activity level of 4000 units,

Y = $16,000 + $3.40(4000)

= $29,600

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Explanation:

When $500 are kept in piggy bank to buy laptop, it illustrates the store of value function of money. This is a function where money is kept or stored to purchase some item in the future, given money doesn't lose its purchasing power .

The $500 price of laptop shows the unit of account function of money , where money is the standard numerical of measurement for the goods and services or any other transaction in the market.

The $500 which was used to buy the laptop shows the medium of exchange function of money , where money is used as intermediary for exchange of goods and services.

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3 years ago
Restore Construction Company enters into a contract to remodel Sam’s Home Store, agreeing to use only products from United Build
BlackZzzverrR [31]

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Sam’s Home Store can enforce the contract against Restore Construction Company

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Consider a chemical factory that is situated next to a farm. Airborne emissions from the chemical factory damage crops on the fa
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Answer:

Marginal Benefits of Emissions

Total net benefit to the farmer and factory at the economically and socially efficient quantity of emissions is $30,000 when the quantity of emission is 200 tons.

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a) Data and Calculations:

Quantity of         Marginal       Marginal    Total Net Benefit

emissions (Q)     Benefits        Cost           or Cost

100                        320               110               21,000

200                        280               130               30,000

300                        240               150               27,000

400                        200               170               12,000

500                        160               190               -15,000

600                        120               210               -54,000

700                         80               230              -105,000

800                         40               250             -168,000

900                          0                270             -243,000      

8 0
2 years ago
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