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muminat
3 years ago
15

Uber is a tech company that connects its mobile phone app users who have a trip request with nearby Uber drivers who use their o

wn cars. Because of its low cost and time efficiency, it has become a very popular means of transportation among college students. As new semester begins, many students have returned to Boston from their home. Analyze the effects on the Boston Uber market.
1. What happens to equilibrium price?
2. What happens to equilibrium quantity?
Business
1 answer:
Liula [17]3 years ago
6 0

Answer:

1. The price for Uber services increases.

2. The quantity of Uber services sold increases.

Explanation:

As the college students use the uber so here the number of students are rised up that means the demand is more when the semester is started i.e. the price is more

Also the uber has one attribute i.e. surge pricing which represent the law of demand and the supply. In the case when the demand is more or the supply is less the price would increase

So overall the price and the quantity should increased

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I would suggest he decrease the sales price.

Explanation:

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The quality of the product will be very good since the quality is not being reduced only the price therefore it might result in not having the maximum profit needed.

6 0
3 years ago
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Kahil Mfg. makes skateboards and uses a weighted average process costing system. On May 1, 2013, the company had 400 boards in p
shutvik [7]

Answer:

Equivalent Units     Materials        1700       Conversion  2630

<u>Cost per EUP Materials:</u>  38.308     Conversion : 19.55

Explanation:

The weighted average method can be calculated using the beginning inventory and the units started .

 

Kahil Mfg

Weighted Average Method

Particulars        Units          % Of Completion             Equivalent Units

                                        Materials    Conversion  Materials    Conversion

Beginning

Inventory     400                70                 85             280               350

<u>Units Started  3800          40                  60            1520             2280         </u>

<u>Equivalent Units                                                        1700              2630</u>

<u />

Beginning WIP Inventory costs

                                               Direct material             Conversion  

                                                     $ 4,349                        4,658

Current period costs

<u>                                                        60,775                        46,750        </u>

<u>Total Costs                                 65,124                          51,408            </u>

<u />

<u>Cost per EUP</u>

                                               65,124/1700              51,408/2630

                                                 38.308                      19.55

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Please subscribe to my youtu.be MrJacobGuy i wanna get subscribers
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ok will do

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