Answer:
Contribution percent = 75%
Explanation:
Given:
Total sales = $24,000
Total Variable cost = $6,000
Total units = 6,000
Contribution percent = ?
Computation of Contribution :
Contribution = Total sales - Total Variable cost
Contribution = $24,000 - $6,000
Contribution = $18,000
Computation of Contribution percent :
Contribution percent = Contribution / Total sales
Contribution percent = 18,000 / 24,000
Contribution percent = 0.75
Contribution percent = 75%
Answer:
the opportunity cost of going to work on saturday is $32
Explanation:
The opportunity cost of going to work on saturday is as follows:
= Income earned on saturday - psychic cost
= 4 hours × $11 - ($2 × 4 hours)
= $44 - $8
= $32
hence, the opportunity cost of going to work on saturday is $32
Answer:
a) decrease in equilibrium price and an increase in equilibrium quantity.
Explanation:
As the input cost decreases for the companies the the supply of the goods increases hence the supply curve shifts rightwards.In the curve at the new equilibrium point the equilibrium price decreases and the equilibrium quantity increases.
Think it like if cost of creating anything is decreased for a company then the company will create more products .So there will be more products in the market.So to clear the products in the market the price will be reduced and the quantity of the product is more than before.
Answer: Answer is 1
Explanation:
In a market economy, a high price is a signal for producers to supply more and consumers to buy less.
