Answer:
40,000 kits
Explanation:
The computation is shown below:
Number of kits required to be sold to meet the goal = Total Contribution Margin Required ÷ Contribution Margin per Unit
where,
Total contribution margin required is
= Total fixed cost + operating income
= $250,000 + $90,000
= $340,000
And, the
Contribution Margin per Unit = Selling Price per Unit - Variable Cost per unit
= $11.50 - $3
= $8.50
So, the number of kits required is
= $340,000 ÷ $8.50
= 40,000 kits
Answer:
3. No, due to unilateral mistake
Explanation:
Lacey and Cagney both had agreed to wok for 30 hours per week and the agreement is in written format since it is enforceable. Both of them are sharing 50% profits so both will have to share the duties equally. When Lacey makes an excuse and is working for 20 hours per week only Cagney can sues her and she is in a probability to win against her. Lacey should have informed Cagney about the vacation from school scenario before signing the contract.
Answer:
55.58
Explanation:
Data provided in the question;
Initial demand per month, Q₁ = 3
Final demand per month, Q₂ = 5
Initial price, P₁ = $33,200
Final price, P₂ = $33,500
Now,
elasticity of demand using midpoint method is calculated as :
= 
or
= 
on substituting the respective values, we get
= 
or
= 
or
= 
= 55.58
Answer. C Binding price floor that creates a surplus
Explanation: A government imposed price of $12 in this market is an example of a binding price floor that creates a surplus as the government has fixed the price of the goods as $12 due to which the floor price is fixed and the surplus is created as the price is too high that the demand of the goods decreases. This intervention by the government is to create surplus by binding the floor price.
Answer:
The answer is: C) A falling interest rate will lead to a movement along the demand curve for loanable funds
Explanation:
When you think about a loan, the interest rate is what you pay for getting the loan. So we can assume the interest rate is the price of the loan.
If the interest rates decrease, it is equivalent to a price decrease. Whenever the price of a good or service decreases, the quantity demanded for that good or service increases.
