Answer:
Variable cost per unit is $9 and the fixed cost is $29,500
Explanation:
The computation of the variable and fixed components are shown below:
For variable cost per unit, it equals to
= (High cost - low cost) ÷ (High associated cost drivers - low associated cost drivers)
= ($92,500 - $60,100) ÷ (7,000 - 3,400)
= $32,400 ÷ 3,600
= $9 per unit
Now the fixed component equal to
= (High cost) - (variable cost per unit × high associated cost drivers )
= $92,500- ($9 per unit × 7,000)
= $92,500- $63,000
= $29,500
Answer:
d. demand curve for X to the right.
Explanation:
A normal good refers to a product or service whose demand increases as consumer income increases. Improvements in economic conditions in the country also cause the demand to increase.
A demand curve illustrates how price relates to the quantity demanded. The demand curve is downward sliding ina graph. Changes in the quantity ordered results in shifts in the position in the graph. An increase in demand makes the demand curve to shift outwards, or to shift to the right.
All else equal, imposing taxes in markets where demand and supply are price inelastic not only causes less inefficiency but also raises more revenue.
What is meant by price inelastic?
Inelastic is an economic term referring to the static quantity of a good or service when its price changes. Inelastic means that when the price goes up, consumers' buying habits stay about the same, and when the price goes down, consumers' buying habits also remain unchanged.
What is inefficiency in business?
Inefficiency is defined as a lack of organization or skill that wastes time, energy, or money. For business owners, it is the practice that sparks a worst-case scenario. Every penny spent on tools and software to make the business run smoother is the cost of running an efficient organization.
What do revenue means?
Revenue is the total amount of income generated by the sale of goods or services related to the company's primary operations. Revenue, also known as gross sales, is often referred to as the "top line" because it sits at the top of the income statement. Income, or net income, is a company's total earnings or profit.
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Interest corporate bonds is taxed as an income tax but can also be tax as capital gain. Usually the interest itself is considered as state income tax. For gain and losses, that's the time it will gain capital gain if the if is redeemed before its maturity stage.
