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earnstyle [38]
3 years ago
11

Suppose you have been tasked with regulating a single monopoly firm that sells 50-pound bags of concrete. The firm has fixed cos

ts of $30 million per year and a variable cost of $6 per bag no matter how many bags are produced.
Business
1 answer:
steposvetlana [31]3 years ago
8 0
To cover his fixed costs he should sell 600,000 bags
To cover his variable costs he should sell another 72,000 bags
That to reach the breakeven point
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6 0
4 years ago
olive corp direct materials $12 An outside supplier has offered to provide Olive Corp. with the 20,000 subcomponents at a $36 pe
qwelly [4]

Answer:

$32

Explanation:

The incremental cost:

Direct materials +Direct labor +Variable manufacturing overhead

$12 + $8 + $12 = $32

The maximum price Olive Corp. should pay the outside supplier is $32.

Fixed manufacturing overhead was not included because it is not relevant to the decision.

8 0
3 years ago
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Answer:

d. license

Explanation:

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5 0
3 years ago
Assume that your university increase tuition only at the rate of inflation. how much will a $23,000-per-year college cost 15 yea
ValentinkaMS [17]
In economics, there is a formula to predict the growth of money value with time. When dealing with simple interest, the formula is

F = P(1+in), where F is the future worth, P is the present worth, i is the annual interest rate, and n is the amount of time, commonly in terms of years. Substituting to the formula,

F = $23,000(1+0.08*15)
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5 0
3 years ago
What is fiscal​ policy, who makes​ it, and what is it designed to​ influence?​
nikitadnepr [17]

Answer:

Fiscal policy is the strategy to use government's expenditure and taxation to affect economic variables. It is designed by the government to affect consumption and spending.

Explanation:

Fiscal policy is government's attempt to affect economy through the instruments of spending and taxes. Fiscal policy can be expansionary, contractionary and neutral.

Fiscal policy is formulated by the government.

It is designed to affect consumption and spending in the economy.

In case of recession, the government can adopt expansionary fiscal policy.

On the other hand, in case of inflation, contractionary fiscal policy is adopted.

4 0
4 years ago
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