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3 years ago

The council of better business bureaus is a national organization devoted to consumer service and _____.

1 answer:

5 0

The council of better business bureaus is a national organization devoted to consumer service and business self-regulation.

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A price ceiling set below the equilibrium price in a perfectly competitive market A. always reduces producer surplus and increas

anygoal [31]

Answer:

Explanation:

Price ceiling is when the government or an agency of the government sets the maximum price for a product. It is binding when it is set below equilibrium price.

Consumer surplus is the difference between the willingness to pay of a consumer and the price of the good.

Consumer surplus = willingness to pay – price of the good

Producer surplus is the difference between the price of a good and the least price the seller is willing to sell the product

Producer surplus = price – least price the seller is willing to accept

Because price is below equilibrium price, consumer surplus would increase and producer surplus would reduce

7 0

2 years ago

Rally Quadcopters plans to sell a standard quadcopter (toy drone) for $45 and a deluxe quadcopter for $65. Rally purchases the s

Andrew [12]

Answer:

Rally must sell 1,080 units of Standard and 720 units of Deluxe

Explanation:

Standard Deluxe Total

Sales price per unit $45 $65

Less: Variable cost ($35) ($45)

Contribution Margin per unit $10 $20

Sales Mix units (A) $3 $2 $5

Contribution margin $30 $40 $70

Weighted average Contribution $14

per unit C= B/A

Appointment of fixed cost between standard and deluxe

Total Fixed cost = 14,700

Break even point = Fixed cost / Weighted average Contribution per unit

= 14,700 / 14

= 1,050

Apportionment of Break even point sales between Standard and deluxe in sales mix ratio (3:2)

Standard = 1,050 * 3/5 = 630

Deluxe = 1,050 * 2/3 = 420

Unit to be sold to get desired profit = Fixed cost + Desired profit / Weighted average Contribution per unit

= (14,700 + 10,500) / 14

= 1,800

Apportionment of Units to be sold to get desired profit between Standard and Deluxe in sales mix ratio (3:2)

Standard = 1,800 * 3/5 = 1,080

Deluxe = 1,800 * 2/5 = 720

To reach target operating income, Rally must sell 1,080 units of Standard and 720 units of Deluxe

4 0

3 years ago

Government regulations on credit aim to

stepan [7]

Answer:

A. ensure lenders are rapaid.

6 0

3 years ago

Read 2 more answers

The _____ is a 1969 agreement among bolivia, chile, ecuador, colombia, and peru to establish a customs union.

MariettaO [177]

Andean Pact, I believe it the correct answer! Hope it helps!

5 0

2 years ago

Some economists believe that permanently lower marginal income tax rates __________ the incentive to work and thus shift the ___

gtnhenbr [62]

Answer:

The answer is "increase; LRAS curve to the right".

Explanation:

The curve LRAS represents the flow between all the level of wages and economic GDP supplied because all prices are fully flexible, also with nominal salaries; its cost may change all along LRAS, however, the output cannot, as it represents the complete output of workers, that's why the several economists say that lower marginal rate consistently increases the motivation to work, shifting the LRAS curve to the left.

6 0

2 years ago