All categories

3 years ago

4 of 50 (3 complete)

Business

1 answer:

Fantom [35]3 years ago

3 0

Answer:

The slope of the demand curve at point A is  - $0.40/unit

The slope of the demand curve at point B is - $0.14/unit

Explanation:

See the file attached with the figure corresponding to this question.

The slope of a curve at a given point is the slope of the line tangent to the curve at that point.

Point A:

The tangent line to the demand curve at point A is drawn and passes through the points (20, 34) and (45, 24).Then, the slope is:

slope = rise / run = ΔP / Δq = $ (34 - 24) / (20 - 45) units

slope = - $10 /25units = - $2/5units = - $0.40/unit.

The minus sign indicates the that price decreases when the quantity increases

Point B:

The tangent line to the demand curve at point B passes through the points (90, 12) and (140, 5).Then, the slope is:

slope = rise / run = ΔP / Δq = $ (12 - 5) / (90 - 140) units

slope = - $7 /50units = - $7/50units = - $0.14/unit.

Again, the negative sign indicates that when the number of units increase the price decreases.

You might be interested in

To determine a product selling price based on the total cost method, management should include?

Schach [20]

If one wants to determine the selling price of a product using the total cost method, the management should use Total product costs plus a markup.

<h3>What is the total cost method?</h3>

The actual cost of performance is generally subtracted from the bid price before profit is added to the resultant sum in the total cost approach.

A production income statement is what the total cost method is. In other words, the units of measurement generated are utilized to accrue income and expenses. The units of measure produced during the reviewed period are used to calculate income and expenses.

When employing the whole cost method, the business accounts for all expenses associated with manufacturing the questioned well. The price of the entire product is included.

The final step is to add a markup to the overall cost in order to determine a selling price that will allow for the anticipated level of profit.

To learn more about the total cost method refer to:

brainly.com/question/6480601.

#SPJ4

8 0

2 years ago

Machining: 4 hours (all automated)

irga5000 [103]

Answer:

Allocated overhead= $45

Explanation:

Allocated overhead = Overhead absorption rate × hours required

Machining = 4 hours × $6= $24

Sanding = 1 × $15 = $15

Painting = 2 × $3 = $6

Overhead allocated -= $24 + $15 +$6 = $45

Allocated overhead= $45

7 0

3 years ago

Can you give me your opinions of Franciscan University in Steubenville OH and Kent State University in East Liverpool OH? I want

mafiozo [28]

I'd say since my mother went to Franciscan university for the same reason I'd try that one.

7 0

3 years ago

What are three common causes of scarcity??

musickatia [10]

Poor distribution of resources, when demand increases and supply cant keep up, and or government intervention.

6 0

3 years ago

Explain why the consideration of opportunity costs may be very relevant to a firm. How can opportunity costs affect a business d

harina [27]

Answer:

Importance : Opportunity cost is lost Contribution

Effect : Opportunity cost increases the variable costs of the decision that has been chosen

Explanation:

Opportunity Cost is a lost contribution. Contribution is calculated as Sales less Variable Costs.

Considering opportunity costs is very relevant to a firm because it constitutes part of the money lost that cold have been earned when another alternative course of action is chosen over another. The opportunity cost would have been the revenue for the disregarded option.

So opportunity cost increases the variable costs of the decision that has been chosen.

8 0

3 years ago