Answer:
Instructions are listed below
Explanation:
Giving the following information:
The high-low method involves taking the highest level of activity and the lowest level of activity and comparing the total costs at each level.
Mountain has recorded the following for the past nine months:
January:
Number of Cavities= 375
Total cost= $5,300
February:
Number of Cavities 500
TC= 5,850
March
Number of Cavities 350
TC= 5,200
April
Number of Cavities 600
TC=6,250
May
Number of Cavities 325
TC= 5,150
June
Number of Cavities 475
TC= 5,700
July
Number of Cavities 525
TC= 6,100
August
Number of Cavities 575
TC= 6,300
September
Number of Cavities 450
TC= 5,550
A) Variable cost= (Highest activity cost - lowest activity cost) / (Highest activity units - lowest activity units)
Variable cost= (6300 - 5150) / (600 - 325)= 4.18 per unit
Fixed cost= HACost - (variable cost per unit * HAUnits)= 6300 - (4.18*600)= 3792
Fixed cost= LACost - (variable cost per unit* LAUnits)= 5150 - (4.18*325)= 3792
B) Q= 400
Total cost= 3792 + 4.18*400= $5464
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The equilibrium point in a competitive market exists at the point of optimal market efficiency.
<h3>What is competitive market?</h3>
A competitive market exists a term in economics that guides to a marketplace where there exist a large number of buyers and sellers and no single buyer or seller can influence the market. Competitive markets have no obstacles to entry, lots of buyers and sellers, and homogeneous products.
In economics, especially general equilibrium theory, A perfect market also understood as an atomistic market, is determined by several idealizing requirements, collectively anointed perfect competition or atomistic competition.
No, the monopoly can never be additional efficient than the perfectly competitive market because the competitive market exists at the point of optimal market efficiency and the monopoly will deliver at the point where the MR and the MC stand equal. here the market has the excess capability and a dead weight loss.
To learn more about competitive market refer to:
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Answer:
The correct answer is letter "B": marketing research.
Explanation:
Marketing research is the study companies make before launching a product or service by which they gauge how successful could be the product in the market. The marketing research is the indicator that will determine if the goods will be produced or not. This study is also helpful at the moment of determining the target market of the firm and its scope, as well as the approximate price that consumers would pay for the product.
Answer: conducted substantial business with Ohio residents through the Web site.
Explanation: The sliding - scale standard confirms when exercising jurisdiction over an out of state defendant is allowed. It is only allowed when significant business has been conducted by this out of state company over the Internet with another state. In this case the out of state defendant is Trading Post, a Washington company, and it has dealt in transactions over the Internet with the state of Ohio via its website. Because the business conducted in Ohio is significant, it gives Robert the grounds to sue Trading Post, even though Trading Post is not based in the same state as Robert.
