Answer:
It will purchase at the local store at an economic cost of $123
Explanation:
Answer:
It will puchase the skirt across town as it has the less economic cost.
Explanation:
We are going to add up the opportunity cost (lost wages) to the cost of the skirt:
place travel-time Price Cost to travel Economic Cost
local store 30 $ 102.00 $ 21.00 <u> $ 123.00 </u>
across town 60 $ 85.00 $ 42.00 $ 127.00
neighboring city 120 $ 76.00 $ 84.00 $ 160.00
*travel-time we multiple the time it took each eway by 2
**The cost to travle will be Juanitas wages per hour ($42) times the travel-time/ 60
That's because the wages are express in hours and the travel time in minutes so we convert into hours
Then, the economic cost is the sum of the value of the skirt and the lost wages.
<em>Juanita, as a rational consumer will chose to purchase at the lower cost.</em>
Answer:
B) product line extension
Explanation:
The product line extension refer to the extension of the product that means introduction of a new item in the same category of product in terms of new flavors, colors, sizes, etc
Since in the question it is mentioned that the Coca-cola introduced the coke zero so this represent the product line extension strategy example
Therefore the correct option is B.
Answer:
Total variable expenses = $1,664,000
Explanation:
The computation of the variable expenses is shown below:
As we know that
Contribution margin ratio = Contribution margin ÷ Sales
0.36 = Contribution margin ÷ $2,600,000
So, the contribution margin is
= $2,600,000 × 0.36
= $936,000
Now the contribution margin is
Contribution margin = Sales - variable cost
$936,000 = $2,600,000 - variable cost
So, the variable expense is
= $2,600,000 - $936,000
= $1,664,000
Answer: fund
Explanation:
Outsourcing simply has to do with when a particular company hires an outside company to help with a particular job function which was originally done by the hiring company.
It should be noted that this will only make financial sense if the entrepreneur has sufficient funds than the time. In a scenario, wherby there's no fund available, then the company should be able to do whatever it wants to do itself.
Answer:
C. of the complex interdependence that usually exists among oligopolistic firms.
Explanation:
An oligopoly is when there are few large firms operating in an industry. There are usually high barriers to entry and of firms.
In an oligopoly, most times, the decisions of a firm is usually dependent on what other firms are doing. Prices are set either collusively or through price leadership.
I hope my answer helps you
