A card is selected at random from a standard deck. find each probability. randomly selecting a club or a 3

1 answer:

5 0

A deck has 52 cards
There were are 13 clubs
There are 4 cards with "3" but one of them is a club, so there are 3.
P (club or 3) = (13 + 3) / 52 = 4/13

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What would be the total cost, both fixed and variable, at an activity level of 7,100 units? Assume that this level of activity i

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Answer:

TC = $971,919

Step-by-step explanation:

Given complete question is as follows:

" Cooke Corporation reports that at an activity level of 7,000 units, the total variable cost is $590,730, and the total fixed cost is $372,750.

What would be the total cost, both fixed and variable, at an activity level of 7,100 units? Assume that this level of activity is within the relevant range."

Solution:

- The total cost (TC) is the sum of the fixed cost (FC) and variable cost (VC):

TC = FC + VC

- The fixed cost remains constant at every unit level i.e [email protected],000 = [email protected],100 = $372,750.

- The variable cost VC is a linear function of number of units. The marginal variable cost (MVC) is:

MVC = VC / numbe of units

MVC = 590,730 / 7000

MVC = $84.39/units

- The VC cost @7,100 units is as follows:

[email protected],100 = [email protected],000 + MVC*( 7,100 - 7,000)

[email protected],100 = $590,730 + $84.39/units*( 100 )

[email protected],100 = $590,730 + $8439