Answer:
a. $2,870, $1,330
b. $5,530, $70
Explanation:
The amount of profit earned is the difference between the total sales and the total cost. The total sales is the product of the selling price per shirt and the number of shirts sold while the total cost is the product of the number of shirts ordered and the cost per shirt.
Opportunity cost is the cost or worth of the alternative foregone.
Profit earned
= 600 * $14 - 790 * $7
= $2,870
Cost of waste due to excess inventory
= $7(790 - 600)
= $1,330
If the school receives actual sales orders for 800 shirts, the amount of profit the school will earn
= 790 ($14 - $7)
= $5,530 ( the number of units sold cannot be more than the number ordered).
The opportunity cost
= $7(800 - 790)
= $70
I’m sorry, please speak English, I don’t understand you. Thank you.
Answer:
The correct answer is (d)
Explanation:
There are two basic sides in the market, the consumers and the producers. In order to identify the combination of outputs that provide the same level of the utility indifference curve is used. On the other hand, in order to identify the combination of inputs which gives the same level of output is represented by isoquant. It represents a constant quantity of output
If a stock currently sells for $49. tThe amount of the dividend that was just paid is $1.77.
A inventory is a fashionable term used to describe the ownership certificate of any business enterprise. A percentage, on the other hand, refers to the inventory certificate of a selected organization. maintaining a particular organization's percentage makes you a shareholder.
A coins dividend is the distribution of budget or cash paid to stockholders generally as a part of the employer's present day income or accrued income. cash dividends are paid at once in money, as opposed to being paid as a inventory dividend or other form of cost.
Dividend yield=Annual Dividend next year/Current price
Annual Dividend next year=(49*3.8%)=$1.862
Hene, the dividend just paid = Annual Dividend next year * Present value of discounting factor( 5.1%, time period)
⇒$1.862/1.051
⇒$1.77 (Approx)
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Answer:
At what price is revenue maximum?
- $13 and $12 per unit (maximum revenue $156,000)
What is the maximum revenue and how many sets of headphones should the company expect to sell?
Write your conclusions in a sentence.
- When the price is higher than $12 per unit, demand is elastic, which means any decrease in price will result in a larger proportional increase in quantity demanded. This in turn increases total revenue. Below $12 per unit, demand is inelastic, which means that a decrease in price will result in a smaller increase in quantity demanded.
Explanation:
price quantity demanded total revenue
$20 5000 $100000
$19 6000 $114000
$18 7000 $126000
$17 8000 $136000
$16 9000 $144000
$15 10000 $150000
$14 11000 $154000
<u>$13 12000 $156000
</u>
<u>$12 13000 $156000
</u>
$11 14000 $154000
$10 15000 $150000
$9 16000 $144000
$8 17000 $136000
$7 18000 $126000
$6 19000 $114000
$5 20000 $100000
$4 21000 $84000
3 22000 $66000
2 23000 $46000
1 24000 $24000