Answer:
The net income will be "$36,250".
Explanation:
The given values are:
Administrative expenses
= $15,000
Fixed overhead costs
= $30,000
According to the question:
The sales will be:
= 
= 
The production cost of the variable will be:
= 
= 
Variable selling will be:
= 
= 
The net income will be:
⇒ 
On substituting the values, we get
⇒ 
⇒
($)
Regular Admission (All Day)
Individual rate Monday-Friday (No Holidays) - $42.99 plus tax
Individual rate Saturday-Sunday (And Holidays) - $47.99 plus tax
Children 2 and under are free
Mega is likely liable for trespassing. It is because when an
individual trespass on someone else’s property without the owner’s consent, the
individual who had trespass would likely be liable or detained for trespassing on
someone else’s property and can be charged based on the law.
Answer:
Explanation:
U(C, L) = (C – 100) × (L – 40)
(a) C = (w - t)[110 - L] + 320
C = 10[110 - L] + 320
C + 10L = 1420
where,
C- consumption
w - wages
t - taxes
L - Leisure
(b) Given that,
L = 100 then,
C = 420



= 5.33
(c) L = 110
C = 320
Reservation wage:


= 3.14
(d) At optimal level,

C - 100 = 10L - 400
C - 10L = -300
C = 10L - 300
Using budget constraint:
C + 10L = 1420
10L - 300 + 10L = 1420
20L = 1720
L* = 86 and C* = 560