Answer: the full-employment budget has a deficit
Explanation:
When current government expenditures exceed current tax revenues and the economy is achieving full employment, it means that the full-employment budget has a deficit.
This means that the government of that particular economy is spending more than what it generates. This lead to the deficit that has been incurred.
Answer:
Answer is option B $68.70
Total overhead costs
Assembling products (918000/54000)*3000.......510,000
Preparing batches (397440/2484)*1026.............164160
Product support (1134000/3780)*1188.............. 356400
Total overhead costs............................................ 1030560
Unit overhead cost = total overhead costs / number of units = 1030560/15000 = 68.70
Explanation:
Answer:
Incomplete question
Complete question:
An aircraft factory manufactures airplane engines. The unite cost C ( the cost in dollars to make each airplane engine) depends on the number of engines made. If x is the number of engines made, then the unit cost is given by the function C(x)=0.8x^2-160x+26848. What is the minimum unit cost? not rounded
Answer: $18848
Explanation:
Since we have the function
C(x) = 0.8x²-160x+26,848
Firstly, we differentiate
C'(x) = 1.6x - 160
The minimum cost will occur where x = 100.
The vertex of a parabola (quadratic equation) occurs where X = -b/2a, in this case we have that
X = 160/(2×0.8) = 100
Therefore, we substitute x = 100 into the original equation
We have that
C(x) = 0.8(100)²-160(100)+26848
C(x) = 8000-16000+26848
C(x) = $18848
Answer: C beyond a certain point, total utility decreases as income rises
- Diminishing marginal utility means that beyond certain point, the total utility from consuming a good decreases, and increasing its consumption monotonically, makes that every additional unit of consumption delivers less utility each time.
- This is because most behavioral consumers models try to emulate the principle of scarcity: the less available units of a good, the more it values.
- Then, an increasing income would allow us to buy more and more goods, and because of the existance of diminishing marginal utility, we would get less utility from consuming additional units of every goods each time.
- As an <u>example</u>,one could think about eating chocolate. The first bar would give us much happiness (utility), but increasing the number of bars consumed would eventually vanish this "happiness".
Answer:
Net Income (Loss) = $440,000
Explanation:
Total Fixed Cost = $460000
Total Variable Cost = $11 * 100,000 unit = $1100000
Total Revenue = $20 * 100,ooo unit = $2000000
Contribution Margin = TR- TVC = ($200,000 - $1,100,000) = -$900,000
Net Income = Contribution margin - Total Fixed cost
Net Income (Loss) = $900,000 - $460,000
= $440,000
