1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Vesnalui [34]
3 years ago
10

Calvin is a college student who has identified the need his fellow students have for transportation to and from a nearby store.

He owns a van that can carry four people in addition to himself; he pays $50 insurance costs per month. He has calculated that his cost of transporting his fellow students will be $2.50 per student per round-trip ride, assuming he has a full van. Given this information, which statement is correct, assuming Calvin has a full van?
Business
1 answer:
xeze [42]3 years ago
4 0

Answer:

Calvin's marginal cost is constant at $2.50; Calvin's average variable cost is constant at $2.50.

You might be interested in
An engineering firm measures its output in standard service hours (SSH) per unit, which is a function of the skill levels of its
tatyana61 [14]

Answer:

Instructions are below.

Explanation:

Giving the following information:

The variable cost is $60 per SSH and the fixed cost is $2,000,000 per year. The firm charges $100 for each service per hour. Assume the maximum hours the firm operates (that is the output) is 170,000 per year.

1) To calculate the break-even point, we need to use the following formula:

Break-even point in units= fixed costs/ contribution margin per unit

Break-even point in units= 2,000,000/ (100 - 60)

Break-even point in units= 50,000 hours

2) %of hours= (50,000/170,000)*100= 29.41%

3) Fixed costs= $1,800,000

Break-even point in units= 1,800,000/40

Break-even point in units= 45,000 hours

The number of units required to cover for fixed costs diminished by 10%.

4) Selling price= $110

Break-even point in units= 2,000,000/(110 - 60)

Break-even point in units= 40,000 hours

The number of units required to cover for fixed costs diminished by 20%.

5) In generals terms, it is easier to increase the selling price compared to decreasing fixed costs. In this case, the best option is to increase the selling price. The effect on income and the break-even analysis is higher than decreasing fixed costs.

3 0
3 years ago
15 pts!! What is the advertising technique of glittering generalities? Describe this technique.
pochemuha

Hope this helps answer your question! :)

8 0
3 years ago
n 2010, Tara used $50,000 from funds she had invested in certificates of deposit as a down payment to buy a house. What function
yuradex [85]

Answer:

Medium of Exchange

Explanation:

A certificate of deposit represents a legal document issued by a commercial or economic institution such as a bank as evidence of a sum of money deposited by the individual for a particular period and with a specified rate of interest.

A Medium of Exchange, on the other hand, represents an intermediary system or instrument that can be used to make sales, purchases and facilitate the trade of goods or services between various parties. To qualify as a medium of exchange, the instrument should have a standard face value and must be acceptable to all parties.

Since Tara was able to put down $50,000 as represented on the Certificates of deposit, it becomes a medium of exchange, because it has a standard face value (as determined by the bank) and it is acceptable both by Tara and the estate from which Tara is purchasing the house.

3 0
3 years ago
Based on what we discussed about interest rates, which of the following will likely charge the highest interest rate on a loan?
poizon [28]
I would think either bank or credit union but more leaning towards credit union
5 0
3 years ago
What do all trades have in common
Vika [28.1K]

Answer:

profit

Explanation:

profit can be a answer

5 0
3 years ago
Other questions:
  • One basic difference between partnership and agency law is that: a. in a partnership, partners are not deemed to be agents of th
    11·1 answer
  • Ariel holds a $5,000 portfolio that consists of four stocks. Her investment in each stock, as well as each stockâs beta, is list
    7·1 answer
  • Consider four different stocks, all of which have a required return of 14 percent and a most recent dividend of $3.50 per share.
    5·1 answer
  • Charlie sells cookies only in packages of 10. It costs him $3.50 in materials per package. Additionally, he has overhead costs o
    14·1 answer
  • "An expenditure made in connection with a machine being used by a company to produce inventory should be expensed immediately if
    15·1 answer
  • ____ is the process of systematically examining information assets for evidentiary material that can provide insight into how an
    15·1 answer
  • What are three ways to make money through investing in real estate?
    12·2 answers
  • Mr. Isaac is lending Gh₵20000 to Mr. Hayford, to be repaid over five years. Mr. Isaac would like to effect a policy on Mr. Hayfo
    10·1 answer
  • What are the depleted amounts of tangible assets and intangible assets known as?
    14·1 answer
  • Which punctuation mark best matches the image?
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!