Answer:
Standard markup pricing
Explanation:
Standard markup pricing is the easiest formula for pricing that can be implemented. This basically involves for calculating the cost of the product, and then adding a fixed margin to the product.
This basically adds a fixed margin that is profit and is usually a percentage of cost.
For example: the total cost of a product = $10
Thus fixed margin of 30% is added to get the selling price, thus, margin = $10 
30% = $3
Now, the price shall be
$10 + $3 = $13.
Answer:
$5,000 billion
Explanation:
We know that
Government spending multiplier = 1 ÷ (1 - marginal propensity to consume)
Government spending multiplier = 1 ÷ (1 - 0.50)
Government spending multiplier = 1 ÷ 0.50
So, Government spending multiplier = 2
If the output is increased by $10,000 billion then, the government spending would rise by
= Output ÷ Government spending multiplier
= $10,000 ÷ 2
= $5,000 billion
Answer:
I think Quality is most important to luxury buyers.
Answer: $17,209,000
Explanation:
Given that,
Production volume = 602,000 units per year
Market price = $32 per unit
Desired operating income = 15% of total assets
Total assets = $13,700,000
Total Income = 15% of Total assets
= $13,700,000 × 15%
= $ 2,055,000
Total Sales = Market price × Production volume
= $32 × 602,000
= $ 19,264,000
Target full product cost in total for the year = Total Sales - Total Income
= $ 9,264,000 - $2,055,000
= $17,209,000
Answer:
Opportunity cost is $10
Explanation:
Opportunity cost is the concept in economics that looks at the cost of doing an activity, that is the foregone alternative.
Ali decides to attend a one-hour review session in so doing he has foregone one hour's wages where he works. As one hour pays $10, he has lost $10 for attending the review session.
