Answer:
Gross profit is $26,734.73
Explanation:
Cost per unit of production =$27,357/10,000
=$2.73
Cost of goods sold= Opening stocks +production - closing stock
Cost of goods sold = 0 +$27,357- ( $2.73 *(10,000-7,811) )
= $ 21,381.03
Gross Profit = ( $6.16*7,811 ) -$ 21,381.03
= $26,734.73
Gross margin = $26,734.73/$48,115.76 *100%= 55.56%
This represents profit portion before removing operational expenses .
The simple interest formula:
I = P * r * t,
where:
I - interest,
P - investment,
r - interest rate,
t - time ( in years )
P = $255.19, r = 5% = 0.05, t = 1
I = $255.19 * 0.05 * 1 = $12.7595 ≈ $12.76
Answer: The simple interest you would receive in 1 year is $12.76.
Neoclassical economics focuses on providing more options while Behavioral economics focuses on helping people make better decisions with the options available.
A psychological approach to business, behavioral economics looks at how well people's expectations of utility and profit maximization match their actions and if they actually maximize predicted utility.
Contrarily, neoclassical economics views manufacturing costs as a key determinant of pricing a product. Thus, neoclassical economists contend that customers' primary determinant of choice is price.
Hence, the two have different beliefs about giving people options. While behavioral economics focuses on assisting people in making better decisions with the options at hand, neoclassical economics places greater emphasis on offering more options.
Want to know how would keynesian and neoclassical economics propose dealing with cyclical unemployment? Read here: brainly.com/question/28213854
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Red or yellow cards is the answer