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ruslelena [56]
2 years ago
13

Both UTech Inc. and Mirco Corp. incur a cost of $200 to manufacture a single unit of a cell phone. However, UTech Inc. charges a

higher price than Mirco Corp. does, but it still sells a higher number of phones. What does this imply
Business
1 answer:
erica [24]2 years ago
7 0

Answer: UTech Inc. creates more economic value than Micro Corp. does.

Explanation:

Economic value refers to the measure of the benefit that an economic agent such as an individual, firm or government gets when a good or service is consumed.

In this case, since consumers derive more economic value from the good, even though it's costlier, they'll be willing to pay a higher price.

Therefore, UTech Inc. creates more economic value than Micro Corp. does.

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The stock market is where shares of public limited companies are traded. An example is the New York stock exchange.
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3 years ago
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Petrus Framing's cost formula for its supplies cost is $2,300 per month plus $6 per frame. For the month of March, the company p
Alchen [17]

Answer:

$30 Favorable

Explanation:

Calculation for the activity variance for supplies cost in March

Using this formula

Activity variance = (Actual units - Budgeted units) * Variable cost

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8 0
3 years ago
3. Name two different market structures. Describe how and why they each have a different competitive situation.
xz_007 [3.2K]
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7 0
3 years ago
Bryant Company has a factory machine with a book value of $93,100 and a remaining useful life of 5 years. It can be sold for $27
NISA [10]

Answer:

The old machine should be replaced.

Explanation:

Note: See the attached excel file for the the analysis showing whether the old machine should be retained or replaced.

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Download xlsx
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Having a low credit score can make it more difficult to: a obtain a car loan b open a new credit card c secure an apartment leas
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