Answer:
2.86 Q + 2,170 = overhead cost
Explanation:
![\left[\begin{array}{ccc}High&4,200&14,182\\Low&2,300&8,748\\Diference&1,900&5,434\\\end{array}\right]](https://tex.z-dn.net/?f=%5Cleft%5B%5Cbegin%7Barray%7D%7Bccc%7DHigh%264%2C200%2614%2C182%5C%5CLow%262%2C300%268%2C748%5C%5CDiference%261%2C900%265%2C434%5C%5C%5Cend%7Barray%7D%5Cright%5D)
We subtract one activity level from another, the result is telling us that 1,900 units generate 5,434 additional cost
That is variable cost we divide and get the unit variable cost
cost 5434 / Unis 1900 = variable cost 2.86
Next we calcualte the fixed cost on any of both
Total Cost 14182
Variable -12012 (4,200 x 2.86)
Fixed Cost 2170
Total Cost 8748
Variable 6578 ( 2,300 x 2.86)
Fixed Cost 2170
the cost equation would be:
2.86 Q + 2,170 = overhead cost
Answer: While the EMV is negative, the utility gained from purchasing the insurance is positive, and high.
Explanation:
The options to the question are:
A) He believes that the actual likelihood of his death occurring in the next twelve months is really much greater than the actuarial estimate.
B) While the EMV is negative, the utility gained from purchasing the insurance is positive, and high.
C) Mr. Weed is not rational.
D) A or C
E) None of the above
From the question, we are informed that Robert Weed is considering purchasing life insurance and that he must pay a $180 premium for a $100,000 life insurance policy.
His beneficiary will get $100,000 if he dies and get nothing of he doesn't die. Even though there's a 0.001chanve of him dying, he eventually bought the insurance.
The reason for him buying the insurance is because EMV he realized that the utility that he will derive from buying the insurance is positive, and high. He believed that paying $180 for a chance to get $100,000 was worth the risk even if he had a slim chance of dying.
Answer:
Letter b is correct.<em> A monopolistically competitive firm faces competition from firms producing close substitutes.</em>
Explanation:
<u>Monopolistic competition</u> is an economic situation that occurs when companies exhibit imperfect competition, that is, companies market similar but not identical products, which characterize them as substitute but not perfect substitute products.
Products may have different variables, such as quality, price and reputation in the market. The greater the degree of product differentiation, the more price control the company will have.
Answer:
True
Explanation:
Winner curse is a situation where the bidder win the bid in an auction that exceeds the true worth or intrinsic value of the item auctioning. In the given scenario the inside managers bid for realistic performance. The outside managers tend to bid for higher performance to get the job. They does not seem to be realistic.
