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3 years ago

5

Currently, the demand equation for baseball bats is Q = 300 - 5P. The current price is $15 per bat. Is this the best price to ch

arge in order to maximize revenues? If not, indicate what price you should charge and quantity that you should produce in order to maximize revenue.

1 answer:

11111nata11111 [884]3 years ago

8 0

225 is your answer for Q=300-5p

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During March, the production department of a process operations system completed and transferred to finished goods 25,000 units

amid [387]

Answer:

140,000 units and 130,250 units

Explanation:

The computations are shown below:

For Material cost:

= Transferred units × percentage of completion + ending work in process inventory units × percentage of completion

= 110,000 units × 100% + 30,000 units × 100%

= 110,000 units + 30,000 units

= 140,000 units

For Conversion cost:

= Beginning work in progress units × remaining completion + Transferred units × percentage of completion + ending work in process inventory units × percentage of completion

= 25,000 units × 45% + 110,000 units × 100% + 30,000 units × 30%

= 11,250 units + 110,000 units + 9,000 units

= 130,250 units

The remaining percentage would be

= 100% - 55%

= 45%

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3 years ago

Suppose a tax of $3 is imposed on each new garden hose that is sold, resulting in a deadweight loss of $22,500. The supply curve

liq [111]

Answer: Equilibrium quantity of garden hoses after the tax is imposed is 85000.

Explanation:

Given that,

Dead weight Loss = $22500

Tax amount per unit (t) = $3

Equilibrium quantity before tax, $Q_{b}$ = 1,00,000 units

Equilibrium quantity after tax, $Q_{a}$ = ?

Dead weight Loss = $\frac{1}{2} \times t \times (Q_{b} - Q_{a})$

22500 = 0.5 × 3 × (100000 - $Q_{a}$ )

$Q_{a}$ = 85000 units

∴ Equilibrium quantity of garden hoses after the tax is imposed is 85000.

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3 years ago

Atlantic Manufacturing Company uses process costing. All materials are added at the beginning of the process. The normal spoilag

zavuch27 [327]

Answer:

(a) The dollar value of abnormal spoilage.

$499,317.

(b) The cost of the good units finished.

$12,669,193.

(c) The cost of ending work-in-process inventory

$1,421,491.

The complete solution of the problem is attached with an excel spreadsheet.

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3 years ago

Assume that initially a country has a loanable funds supply curve of S1. Now, imagine that interest rates across the country inc

Rom4ik [11]

Answer:

The loanable funds supply curve (S1) will not shift.

Explanation:

When the interest rates change, it is similar to a change in the price of a good. In this case the good is money and the interest rate is its price. A change in the price of a good will result in a change of the quantity supplied along the supply curve, but it will not shift the entire curve, therefore the curve S1 remains the same.

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3 years ago

Once every __________, the census bureau does a comprehensive survey of housing and residential finance. month 5 years 10 years

amm1812

Hello,

Once every 10 years, the Census Bureau does a comprehensive survey of housing and residential finance.

Hope this helps! :)

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3 years ago