Answer:
Total cost= $105,000
Explanation:
<u>Because the 15,000 units are in the relevant range, the fixed costs remain constant. Now, we need to calculate the total cost of 15,000 units:</u>
Direct material= 15,000*2.5= 37,500
Direct labor= 15,000*0.75= 11,250
Variable overhead= 15,000*1.25= 18,750
Variable selling and administrative= 15,000*1.5= 22,500
Total variable cost= $90,000
Total fixed costs= $15,000
Total cost= $105,000
For a uniform-price monopolist the Profit is equal to Average Revenue as long as Average revenue is greater than Marginal revenue (P = AR > MR ). For a perfectly competitive firm, the Profit is equal to both Average Revenue and it is also equal to Marginal Revenue (P = MR = AR).
Answer:
b. a natural response to a sudden increase in demand.
Explanation:
Price gouging -
It refers to the situation , when the seller increases the price of his services and goods to a very high level , which is a unethical situation , is referred to as price gouging .
The situation of price gouging , is very commonly observed in any natural disaster , where due to shortage of foods and other item , the price of the food increases to a very high price , is referred to as price gouging .
Hence , from the question,
The correct option is b.
Answer:
This is an example of technology spillover and positive externalities.
Explanation:
Technology Spillover: The advantageous outcomes of new technological expertise on the productivity and creative capacity of other firms and nations are summoned as technology spillover.
Positive Externalities: When the consumption of goods and services leads to the benefits of other people, the term is known as positive externalities. If I become an educationist (assuming education as a good), it will help me to receive the private benefit. Besides the individual interest, I can help others to educate people.
Therefore, when Turning Inc. creates the first solar-powered cell phone battery, and it lasts up to 10 hours, it produces spillover technology.
When another company encourages to formulate technology with more lasting power, it creates a benefit for the other people as well as the technology spillover.
The type of organizational structure that is being described
above is virtual organization. This is a kind of organization in which is
composed of separated or disperse entities in which they are to associate
informational technology in order for their work and communication to be
supported and to work.
