<span>Past studies have found that new products fail in the market around 35-40 percent of the time. Here are some remarkable examples:
</span><span>Iridium Satellite Telephone - -$7 bil
Mobile ESPN - $150 mil
Apple Newton PDA - -$400 mil
RJR Premiere Cigarette - -$325 mil and an additional loss of $125 mil
RCA Videodisk Player - -$450 mil</span>
Answer:
The correct answer is letter "C": new residential housing.
Explanation:
National Income Accounting is an economic concept that describes a country's method of gathering data and assessing aggregate economic activity over a given time term. Much the same as a normal business needs to know its performance over a given period, a country needs to know how its economy performs so it can make changes that are required.
The National Income Accounts considers the Gross Domestic Product (GDP) as the main metric to determine economic growth. The consumer consumption factor includes the purchase of durable and nondurable goods and services. Residential housing is considered in the private investing factor of GDP.
Answer:
Explanation:
a. Total surplus is the area bounded by points a, b, and c. To calculate total surplus, we use the following formula for the area of a triangle: Area = ½ × Base × Height. The area between the demand curve and the supply curve for the quantity ranging from 0 to 20 is the total economic surplus. This is a triangle with a base (best read off the price axis) of $80, which is the price difference at Q = 0, or between points a and c, and a height of 20 (the number of units purchased in equilibrium). Using these values, we have a total surplus of (1/2) × $80 × 20 = $800.
The consumer surplus is the area between the demand curve and the equilibrium price line. Here we have a base of $40 (the price difference between the demand schedule price at Q = 0, which is $85, and the equilibrium price of $45). The height of the triangle is once again 20 (the number of units purchased in equilibrium). Using these values, we have a consumer surplus of (1/2) × 40 × 20 = $400.
b. Deadweight loss is the difference in total surplus between an efficient level of output Q1 and a reduced level of output at Q2. We can calculate this as the area of a triangle bounded by points bde. The base of this triangle is the difference in prices at points d and e, or $55 – $35 = $20. The height of this triangle is given by the difference in the restricted level of output of Q2 = 15 and the efficient level of output Q1 = 20, or 5 units. Thus, the area of this triangle (the deadweight loss) is equal to (1/2) × $20 × 5 = $50. The remaining total surplus can be found by subtracting the deadweight loss from the original (efficient) total surplus. This is $800 (maximum total surplus) – $50 (deadweight loss) = $750.
c. The deadweight loss from overproduction is the difference in total surplus between an efficient level of output Q1 and an additional level of output at Q3. We can calculate this as the area of a triangle bounded by points bfg. The base of this triangle is the difference in prices at points f and g, or $59 – $31 = $28. The height of this triangle is given by the difference in the additional level of output Q3 = 27 and the efficient level of output Q1 = 20, or 7 units. Thus, the area of this triangle (the deadweight loss) is equal to (1/2) × $28 × 7 = $98. The remaining total surplus can be found by subtracting the deadweight loss from the original total surplus. This is $800 (maximum total surplus) – $98 (deadweight loss) = $702. Note here that we maximize total (producer + consumer) surplus by producing the equilibrium quantity, but we lose surplus from overproduction (inefficient use of resources).
Answer:
(D)Gold Coins
Explanation:
The term Personal property is used to refer to assets owned by an individual other than land or buildings. Personal properties are movable, and so can include such assets as equipment, furniture, home appliances, and vehicles. This type of property can also be intangible items such as assets, stocks and bonds.
Automobiles, Furniture and Old Rugs although are personal properties cannot be easily converted to cash, therefore it is not included on the balance sheet.
Answer:
The company need to sale $4,918,888.89.
Explanation:
Giving the following information:
Flannigan Company manufactures and sells a single product that sells for $580 per unit; variable costs are $319.
Annual fixed costs are $958,500.
Desired income= $1,255,000.
To calculate the total dollar sales to reach the goal, we need to use the break-even point formula:
Break-even point (dollars)= (fixed costs + desired profit)/ contribution margin ratio
Break-even point (dollars)= (958,500 + 1,255,000) / [(580 - 319) / 580]
Break-even point (dollars)= 2,213,500 / 0.45
Break-even point (dollars)= $4,918,888.89
