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liubo4ka [24]
3 years ago
8

If the market price of each camera case is $8 what is the profit-maximizing quantity? 300 units 400 units 500 units 600 units

Business
1 answer:
Serjik [45]3 years ago
3 0

Profit will be maximum for the firm where marginal revenue = marginal cost.

Since, the market price is fixed at $8 and therefore each additional unit of camera will be sold at $8.
Hence, marginal revenue = $8.

From the table, it is clear that cameras are manufactured in batches of 100.

Marginal cost is the cost incurred to produce one additional unit of camera. It will be calculated by taking the difference of successive variable costs (or total costs) divided by 100.

To produce 400th unit, marginal cost = (2760 - 1960)/100 = $8

Hence, profit maximising quantity isB. 400 (MR = MC)

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Orlando has a bank statement balance of $414.25 and $5.90 service charge. His check register shows $374.16 and he has two outsta
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Answer:

$365.93

Explanation:

The computation of the checkbook balance is shown below:

= Balance of bank statement - first outstanding check amount - second outstanding check amount          

= $414.25 - $26.54 - $21.78

= $365.93

In order to determine the check book balance, we deducted the two outstanding checks from the bank statement balance

6 0
2 years ago
He decides to take the company public through an IPO, issuing 2 million new shares. Assuming that he successfully completes the
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Answer:

$36.79

Explanation:

Calculation to determine What will be the IPO price per share

First step is to calculate the Cumulative shares

Cumulative shares = 375,000 + 400,000 + 250,000 + 400,000 + 2 million

Cumulative shares = 3.425 million

Now let calculate the IPO price

IPO price = $14 × $9 million / 3.425 million

IPO price= $36.79

Therefore What will be the IPO price per share is $36.79

4 0
3 years ago
In contrasting equity and efficiency, why do high-tech firms seem to treat their employees better (better wages, benefits, worki
shusha [124]

Answer:

High-tech firms are hiring expensive, sophisticated people who are in high demand compared to fast food franchises and treat them better to avoid losing them to other companies

Explanation:

High-tech firms are hiring expensive, sophisticated people who are in high demand. This brings about a better treatment of their employees because if they do not offer these amenities to employees, they would become employees of other high-tech companies. Individuals with low skill levels do not get high salaries or benefits. They are not in as high demand as highly skilled workers. It is efficient, but many would argue that it is not fair.

3 0
2 years ago
Jackson Fabricators Inc. machines metal parts for the automotive industry. Under the traditional manufacturing approach, the par
Soloha48 [4]

Answer and Explanation:

The computation is shown below:-

<u>Particulars </u>               Traditional Philosophy     Manufacturing

                                         <u> Lean                        Philosophy</u>

Value added                 2 + 6 = 8                                 8

Non value added        8 × (50 - 1) = 392                   8 × (6 - 1) = 40

Total lead time                   400                                  48

Value-added ratio

(as a percent)              8 ÷ 400 × 100 = 2%                 8 ÷ 48 × 100 = 16.17%

5 0
3 years ago
Marcos Industries uses the retail method of inventory costing. The retail value of the inventory is $478,000. If the ratio of co
dybincka [34]

Answer:

The correct answer is A.

Explanation:

Giving the following information:

The retail value of the inventory is $478,000. The ratio of cost to retail price is 60%. What is the amount of inventory to be reported on the financial statements?

Inventory= 478,000*0.60= $286,800

7 0
3 years ago
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