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iren [92.7K]
3 years ago
15

Suppose a firm produces a PERISHABLE good: produces $10 million worth of final goods only sells $9 million worth $1 million wort

h of final goods spoils Does this violate the expenditure = output identity?
Business
1 answer:
charle [14.2K]3 years ago
5 0

Answer:

No

Explanation:

This does not violate the expenditure = output identity because this idenity says that goods-in-stock /unsold goods produced and ready for sale but not yet sold (inventory) are also a part of output, which if sold in the next accounting period, would still be calculated as sale in the current period, since it is the sale of output produced in the current year.

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Suppose the world supply curve is p equals 20 plus 0.02 Upper Q Subscript font size increased by 1 s​, and the demand curve of o
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Answer:

Residual supply = Quantity supplied - Quantity demanded = (p - 20)/0.02 - (80 - p)/0.02

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3 years ago
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3 years ago
A publisher for a promising new novel figures fixed costs​ (overhead, advances,​ promotion, copy​ editing, typesetting, and so​
alisha [4.7K]

Answer:

5,409 books

Explanation:

to calculate break even point in units we can use the following formula:

break even point in units = total fixed costs / contribution margin per unit

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