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Mrrafil [7]
3 years ago
14

82) At the current price of $2, how much does the firm want to produce?

Business
1 answer:
Sedbober [7]3 years ago
5 0

Answer:

84) The equilibrium is the only price where quantity demanded is equal to quantity supplied. At a price above equilibrium, like 1.8 dollars, quantity supplied exceeds the quantity demanded, so there is excess supply.

85) The equilibrium price and quantity are where the two curves intersect. The equilibrium point shows the price point where the quantity that the producers are willing to supply equals the quantity that the consumers are willing to purchase. This is the ideal quantity to supply

86) The existence of economic profits attracts entry, economic losses lead to exit, and in long-run equilibrium, firms in a perfectly competitive industry will earn zero economic profit.

87) The industry is in long-run equilibrium when a price is reached at which all firms are in equilibrium (producing at the minimum point of their LAC curve and making just normal profits). Under these conditions there is no further entry or exit of firms in the industry, given the technology and factor prices.

Explanation:

i dont know 82 or 83 sorry

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AFLAC has had to ditch the AFLAC duck in its Japanese commercials because the Japanese consumer does not like to be yelled at. S
natka813 [3]

Answer:

Promotional adaptation

Explanation:

Promotional adaptation is defined as strategy that is used to sell the same product in different locations using different promotional strategy.

The strategy can be employed in some or all locations where the company operates.

In this scenario AFLAC has had to ditch the AFLAC duck in its Japanese commercials because the Japanese consumer does not like to be yelled at.

This helped to match AFLAC'S commercials to the unique needs of the Japanese people.

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3 years ago
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5 0
3 years ago
Read 2 more answers
PA12. <br> LO 5.4Complete this production cost report:
Lubov Fominskaja [6]

Using weighted average method

Statement of equivalent units

                                                   Material    Conversion

                                                    Units         Units

Units transferred out                   70,000       70,000

Add: Closing work-in-progress   <u> 25,000 </u>      <u> 6,250</u>

Average divisor                            <u> 95,000 </u>    <u>76,250</u>

                        Computation of cost per unit

                                                              Material   Conversion

                                                                   $               $

Cost of beginning work-in-progress   3,500      16,000

Cost added                                           <u> 25,000 </u>   <u>45,000</u>

Total cost                                               <u> 28,500 </u>   <u>61,000</u>

Material cost per unit = <u>$28,500</u>

                                         95,000 units

                                    = $0.30 per unit

Conversion cost per unit = <u>$61,000</u>

                                            76,250 units    

                                          = $0.80 per unit

 Value of units transferred out

  Material = 70,000 x $0.30  = $21,000

  Conversion = 70,000 x $0.80 = $56,000

  Value of closing work-in-progress

  Material = 25,000 x $0.30 = $7,500

  Conversion = 6,250 x $0.80 = $5,000

Explanation:

In this case, we will obtain the average divisor by adding the ending work-in-progress to the units transferred out. Then, we will determine the total cost of material and conversion ,which is the aggregate of cost of opening work-in -progress and cost added during the year. We also need to obtain the unit cost of material and conversion, which is total cost of material and conversion divided by the average divisor.  

Finally, we will value the units transferred out and ending work-in-progress at unit cost of material and conversion.                                                                                                                                                                              

8 0
3 years ago
A company that makes modular bevel gear drives with a tight swing ratio for optimizing fork-lift vehicles was told that the inte
Troyanec [42]

Answer:

The APY is 14.9%

Explanation:

To find the annual percentage yield we need to compute the effective annual rate of interest.

The Effective annual rate of return(EAR) is the equivalent rate to be paid where compounding is done frequently at period or interval less than a year.

Compounding implies the regular interval when interest is always computed; in this scenario, it is monthly.

The EAR can be worked out as follows

EAR = ( (1+r)^m - 1 ) × 100

r- interest rate per period

m- number of periods in a year

EAR - Effective annual rate

r = 3.5%/3 = 1.167 % per month

m= number of months in a year = 12

EAR =( 1.01167^12-1)× 100 = 14.9%

The APY is 14.9%

This implies the quoted interest rate of 3.5% per quarter is the same as paying 14.9% per year

5 0
3 years ago
The repair shop owner feels that he is losing many customers needing routine repair because of the long wait. He dedicates one h
a_sh-v [17]

Answer:

This question highlight regarding finding out the Flow time which were given as - Inventory / Time.

The repair shop is now dedicates that one elevator for routine and one for key. Now compute the Flow time for both cases.

Case 1: - For Routine Repairs: -

Inventory = 5

Time = 3 per hour.

Therefore, the Flow Time = Inventory / Time = 5/3 = 1.67 hours

Thus, the cars wait time at an average of 1.67 hrs. before being served at routine repairs.

Case 2: - For Major Repairs: -

Inventory = 3

Time = 1 per hour.

Therefore, Flow Time = Inventory / Time = 3/1 = 3 hours

Thus, the cars wait time at an average of 3 hrs. before being served at major repairs.

6 0
3 years ago
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