If there was a 100 units decrease at every price level, the new equilibrium price would be<u> $2.00.</u>
<h3>Equilibrium Price </h3>
- Price where quantity demanded is equal to quantity supplied.
<h3>What is the New Equilibrium price?</h3>
Reducing by 100 units, all the quantity demanded units will lead to the following new units:
- $10 - 100
- $8 - 140
- $6 - 270
- $4 - 290
- $2 - 310
We can see that at $2, both the demand and supply are at 310 units which makes this the new equilibrium.
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Answer:
Break even point
Explanation:
The break even point is the number of units a company must sell such that total revenue equals the total cost. The total cost is usually made of the fixed and variable components.
The number of units required to break even ( that is to make no loss nor gain) is a factor that determines the total sales and the variable cost. It however may not affect the fixed cost.
Answer:
$20
Explanation:
Given that,
Total fixed cost = $4,200
Number of workers employs = 30
Wages = $160 per worker
Average product of labor = 2
Marginal product of last labor hired = 8
Marginal cost refers to the additional cost that has occurred to produce the additional unit of a commodity.
Here, from the given information, we can calculate the marginal cost of the last unit produced by the last worker is as follows:
= Wages per worker ÷ Marginal product of last labor hired
= $160 ÷ 8
= $20
The net income that must be expected to warrant starting the business is: $47,925.
<h3>Net income</h3>
Using this formula
Net income = ROE × Total equity
Let plug in the formula
Net income = 13.5% × $355,000
Net income = $47,925
Therefore the net income that must be expected to warrant starting the business is: $47,925.
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Answer:
If you dont pay your balance , Yes you have to pay interest on everything you buy on your card because that is money from the bank so you have to pay your balance for them to get there money back.
Explanation:
