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Gwar [14]
3 years ago
10

Suppose portable radios can be imported at a world price of $10 per radio. If trade were unencumbered, what would the new market

equilibrium be? How many portable radios would be produced domestically? How many portable radios would be imported?
Business
1 answer:
Harman [31]3 years ago
6 0

Answer:

Domestic demand: Q = 5,000 – 100P; Supply: Q = 150P

At equilibrium, demand equals supply.

5,000 – 100P = 150P

250P = 5,000

P = 5,000/250

Equilibrium price (P) = $20

Substituting P in demand equation:

Q = 5,000 – (100*20)

Equilibrium quantity (Q) = 3,000 portable radio would be imported

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Suver Corporation has a standard costing system. The following data are available for June: Actual quantity of direct materials
tatuchka [14]

Answer: $3.10

Explanation:

The actual price per pound of direct materials purchased in June will be calculated as follows:

Let the actual price be represented by x.

Material price variance is calculated as:

= (standard price-actual price) × actual quantity

-2000 = (3 × 20000) - 20000x

-2000 = 60000 - 20000x

20000x = 60000 + 2000

20000x = 62000

x = 62000/20000

x = 3.1

Therefore, the actual price per pound of direct material bought in June is $3.10

4 0
3 years ago
When a person returns to work after a period of total disability but cannot earn as much as he or she did before the disability,
andriy [413]
Loss in the situation after a time
5 0
3 years ago
A new strip mall is being considered and the developers want to determine how many parking spaces there should be. It is assumed
Dafna11 [192]

Answer:

The responses to the given question can be defined as follows:

Explanation:

For point a:

Car arrival time= \frac{15}{hour}

Each car arrives at an interval of time of \frac{60}{15} = 4\ minutes

process time =0.5 \ hour

The number of vehicles moving in an hour equals 2 per hour.

As \frac{15}{2} is greater than 1. The device will not work, resulting in such a revenue loss.

Within 44 minutes, a parking lot would be completely full, with only 1 person being serviced, and then the next empty slot would be completed 64 minutes later.

The system's production capacity is 8.5 per hour [a person entering at 0 will exit at 30]. The person that comes in at 4 will leave at 34. Roughly 50 customers would be supported for an hour.

For point b:

The number of customers would be = 8.5 \times 12 = 102 for a 12-hour time frame.

Total cost=12\times 150 = \$1800

The total number of customers to be served at an expense of 2500= \frac{2500}{150} = 18 customers.

5 0
3 years ago
Pulaski Plumbing Supply is planning to bring a new type of valve to market and is conducting a break-even analysis. For this ana
vekshin1

Answer:

break-even point (BEP) = 25,000 items

Explanation:

given data

Selling price  = $2.50

Fixed costs = $10,000

Variable cost = $2.10

solution

we know that Revenue is sum of  Fixed costs and  variable costs

so we use here contribution margin method that is

Contribution margin = $ 2.50 - $ 2.10

Contribution margin  = $ 0.4

so

break-even point (BEP) for the valve is here

break-even point (BEP) = fixed cost ÷ Contribution margin    ...................1

put here value

break-even point (BEP) = \frac{10000}{0.4}  

break-even point (BEP) = 25,000 items

4 0
3 years ago
Misty, Ibtihaj, and Taraji, all African Americans, work in the advertising department of a large cosmetics company with a multi-
motikmotik

Answer:

  It has broadened the marketing efforts to include a wider customer base which could improve sales.

Explanation:

Advertising to a broader customer base will both convince that larger customer base that the company has something to offer. For many, the obvious diversity awareness of the company will be an additional factor attracting increased sales and a more diverse hiring pool.

6 0
3 years ago
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