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3 years ago

Find the average variable cost for producing 18 sneakers. Round your answer to the nearest hundredth.

Business

1 answer:

murzikaleks [220]3 years ago

7 0

Answer: $2.78

Explanation:

Average variable cost is calculated by dividing the total variable cost of producing a certain number of units of a good by that same number of units.

Average variable cost = Variable cost of producing 18 sneakers / 18

= 50 / 18

= 2.7778

= $2.78

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If a monopolist is able to increase the amount of product she sells from 400 to 420 units by lowering the price of that product

elixir [45]

Answer:

-$55

Explanation:

The computation of the marginal revenue is shown below:

As we know that

Total revenue = Price × Quantity

For 400 units, the total revenue is

= 400 × $50

= $20,000

And for 420, the total revenue is

= 420 × $45

= $18,900

Now the marginal revenue is

= ($18,900 - $20,000) ÷ (420 units - 400 units)

= -$55

4 0

3 years ago

Jane Doe earns $58,800 per year and has applied for a(n) $99,000, 30-year mortgage at 9 percent interest, paid monthly. Property

Mashcka [7]

Answer:

GDS ratio is 28.12% and is less than the maximum of 30%,hence Jane would be able to get the mortgage

Explanation:

The gross debt service ratio is a measure of the ease with which mortgage holders can repay their housing loan.It compares the yearly property obligations with the yearly income of the mortgage holder.

Gross Debt Service ratio=yearly obligations/yearly income

yearly obligations=property taxes+yearly mortgage repayment

property taxes is $6,900

mortgage repayment=pmt(rate,nper,-pv,fv)

rate is 9%

nper is the duration mortgage of 30 years

pv is the present value of mortgage

fv is future value of mortgage,it is not known,hence taken as zero

=pmt(9%,30,-99000,0)=$9,636.30

yearly obligations=$6,900+$9,636.30=$ 16,536.30

GDS = 16,536.30/58,800=28.12%

5 0

3 years ago

"when the assembly line was applied to more industries, america entered the:"

myrzilka [38]

<span>Production economy. This was a period when America was less on exporting raw goods and more into processed goods, which have greater value because of the processes that made it more manageable and usable by the public or other industries.</span>

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3 years ago

You want to write a press release about a free new app you're offering. The app allows people to keep track of what they've eate

statuscvo [17]

The principle of reciprocity is being used when emphasizing the free nature of the useful tool in the press release, as this principle generates a reciprocal response to individuals.

<h3 /><h3>What is the principle of reciprocity?</h3>

It corresponds to an approach developed by Cialdini, who states that reciprocity is the first principle of persuasion, as individuals are conditioned to reciprocate favors and concessions to others.

Therefore, by using the principle of reciprocity, emphasizing the free nature of the new app, the company hopes to generate more attention, use and positive response from the target audience as a form of retribution.

Find out more about persuasion here:

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6 0

2 years ago

Would it be advantageous for wynn manufacturing corporation if the cranston division makes the investment under consideration?

11111nata11111 [884]

Yes, It would be advantageous for wynn manufacturing corporation if the cranston division makes the investment under consideration.

Since managers are charged with maximizing the potential of their own units, it is crucial to frequently assess their performance in the workplace.
Target measurements can be used to assess managers of investment centers' performance.
Businesses typically have a target or targeted rate of return they would like to reach in order to assess a project's viability.
It is profitable for the firm as a whole to move forward with the project in this case because the project's projected return of 18% is higher than the company's desired rate of return of 16%.

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4 0

2 years ago