Answer: $1,000
Explanation:
Given Data;
Total government demand is Q = 800 -10P
marginal cost (Mc) = $50
contracted price (cp) = $70 per unit
Therefore;
Marginal Revenue ( MR ) = Marginal Cost ( MC)
Q = 800 -10P
800 - Q = 10P
Divide through by 10, where Q = 1
800/10 - 1/10 = P
80 - 0.1Q = P
Total Revenue(TR) = PQ
TR = 80 - 0.1Q
MR = MC
where MC = $50
80 - 0.1Q = 50
Collecting like terms
80 - 50 = 0.1Q
30 = 0.1 Q
Divide both side by 0.1
Q = 300
Price would be
P = 80 - 0.1Q
P = 80 - 0.1(300)
P = $50
MC = 40
Producing Q units
Total Cost (TC ) = 40 * ( 300 )
= $12,000
Total profit
= TR - TC
= ( P * Q ) - $12,000
= ( $50 * 300 ) - $12,000
= $15,000 - $12,000
= $3,000
Changes caused by regulations
Contracted price = $70
Quantity = 100Units
TT’ = ( P * Q ) - TC
= ( 70 * 100 ) - ( 50 * 100 )
= $7,000 - $5,000
= $2,000
TT - TT’ = $ ( 3000 - 2000 )
= $1,000
If legislation is passed all profit would reduce by $1,000
Options:
a. 8.49
b. 7.29
c. 8.68
d. 10.18
e. 7.13
Answer: A. 8.49
Explanation:
Inventory turn over rate is a term used in supply chain management to describe the rate at which inventories are used up or replaced. Inventory turnover rate is essential for effective inventory management to ensure that Manufacturing is not stopped due to non availability of inventory.
Inventory turnover ratio=number of days in the year÷number of days in which inventories are sold
=365days/43days
=8.49.
Answer:
Name of the firm as determined by all the partners.
Name and details of all the partners of the firm.
The date on which business commenced.
Explanation:
The answer is Beneficiary because most people buy life insurance to protect the people who depend on the insured from financial losses cause by his or her death
