Answer:<em><u>Crane should buy the wicket as it result in saving of $ 1100</u></em>
Explanation:
Given:
Quantity = 5,100
Price = $16
Variable cost = $14 per unit
Fixed costs = $8 per unit
Buying Cost = 5100 * 16 = $ 81,600
Making Cost = Variable Costs + Avoidable Fixed Costs
Making Cost = 14 * 5100 + (8 - 5) * 5100 = $ 86,700
Crane should buy the wicket as it result in saving of $ 1100 ($86,700 - $81,600).
Answer:
3. fall if the price index rises.
Explanation:
- According to the nominal income, the inflation is a one of the major factors that decrease the amount of the goods and the services that would be afforded with a given amount of the nominal incomes thus if the person wants to keep this real income steady for the next year's nominal income may fall as the increase of the inflation in the economy. And can erode the nominal income gains.
Where are the followings?
Hi there!
Usually, this is the case. However, just like when hoverboards first came out, there was a shortage of hoverboards and production activities had to ramp up production. However, after a few months, production activities were at a high level, but demand petered out.
-AwesomeRepublic :)
