Answer: unit price
Explanation:
A purely competitive market is a market whereby there are many firms that produce goods that looks the same and the prices for goods are based on demand of consumers. There's also free entry and exit and no supplier has the right to influence price.
Since Xavier produces and sells tomatoes in a purely competitive market. This implies that Xavier's marginal revenue from an extra unit of tomatoes is always equal to the unit price.
Answer:
c. $141.78
Explanation:
CPI or consumer price index is a measure that examines the weighted average of prices of a basket of consumer goods and services.
We will calculate the price of $100 baby shower gift in 2018 by,
Amount in 2018 Dollars = Amount in 2001 Dollars × (Price Level in 2018 / Price Level in 2001)
= $100×(251.1/177.1) = $141.78
It would cost $141.78 to buy a similar amount of goods and services in 2018.
Answer:
Given that,
P = 200,000 – 2 Q
Q = number of cars sold per year
P is in $/car
Selling price = $ 75,000
Subsidy = $ 5,000
Equating the demand curve to the price,
200,000 - 2Q = 75,000
2Q = 200,000 - 75,000
2Q = 125,000
Q = 62,500
Without subsidy,
Price = $ 75,000
Quantity demanded = 62,500.
When a subsidy of $ 5,000 is paid then the price paid by buyers will be equal to $ 70,000.
200,000 - 2Q = 70,000
2Q = 130,000
Q* = 65,000
Consumer surplus (without subsidy)
= 0.5 × 125,000 × 62,500
= $ 3,906,250,000
Consumer surplus(with subsidy)
= 0.5 × (200,000 - 70,000) × 65,000
= $ 4,225,000,000
Change in consumer surplus = Consumer surplus(with subsidy) - Consumer surplus (without subsidy)
= 4,225,000,000 - 3,906,250,000
= - $ 318,750,000
Answer:
C)) factory overhead
Explanation:
Manufacturing cost can be regarded as the sum of all the costs resources that is been consumed during the process of making a product. manufacturing cost can be classified as;
✓direct materials cost
✓ manufacturing overhead.
✓direct labor cost
It can be regarded as factor in total delivery cost. Direct Material Cost can be regarded as total cost that is incurred in purchasing of raw material and cost of other components such as packaging, as well as freight and storage costs by the company
It should be noted that The three categories of manufacturing costs comprising the cost of work in process are direct labor, direct materials, and factory overhead.
Answer:
Micromarketing
Explanation:
According to my research on different market coverage strategy, I can say that based on the information provided within the question Mr. Dennison is employing a Micromarketing in his business. This strategy focuses it's efforts on marketing to a tightly targeted small group of individuals who are interested in a certain product or service. By knowing all of the children personally and their likes and dislikes he can market specifically to them.
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