Answer and Explanation:
1. The computation of contribution margin per pound is shown below:-
Product A Product B Product C
Contribution margin per unit $35.20 $11.60 $24.00
Direct materials $26.40 $12.00 $12.00
Material cost $3 $3 $3
Material per unit $8.80 $4.00 $4.00
($26.40 ÷ $3) ($12.00 ÷ $3) ($12.00 ÷ $3)
Contribution margin per pound $4 $2.90 $6
($35.20 ÷ $8.80) ($11.60 ÷ 4.00) ($24.00 ÷ $4.00)
2.
Product A Second
Product B Third
Product C First
The economic theories that were most clearly applied by the Federal Reserve in response to the economic crisis were based on the theories of Keynes and Friedman.
<h3>
What were the theories of Keynes and Friedman?</h3>
They both believed that aggregate demand can be influenced by government policies and help an ailing economy to recover.
Hence, we can see that from the complete information, the Federal Reserve made use of their theories to intervene and they did this by the use of monetary policy to increase the money supply.
Read more about Keynes and Friedman here:
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Answer:
The correct answer is option A.
Explanation:
The demand for cantaloupes is unitary elastic at price level $2.50. The demand curve here is linear and downward sloping. The elasticity of demand is 1.
In this linear demand curve the lower portion will represent inelastic demand.
When the price level is reduced to $2 the demand will move to the lower portion of the curve, with fall in price and increase in demand.
So, at $2 price the demand will be inelastic, which means it will be between 0 and 1.
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