Answer:
Alternative A= $1570
Explanation:
Giving the following information:
It has three choices:
(a) Refurbish the old equipment for $800.
Materials and labor= $1.10 per board.
(b) make major modifications for $1,100
Materials and labor= $0.70.
(c) purchase new equipment at a net cost of $1,800.
Variable costs= $0.40.
Q= 700
Alternative A= 800+1.10*700= $1570
Alternative B= 1100+0.70*700= $1590
Alternative C= 1800+0.40*700= $2080
The cheapest alternative is Alternative A. To make a full analysis you need the selling price, which we don't have.
Answer:2.68
Explanation:
divide the income into the expenses
Answer:D
Explanation: A perfect competition is characterised by identical product and no barriers to entry. Products are perfect subsistuites.
The HHI index is used to measure the market power and therefore concentration of firms in the market.
An index less than 1000 indicates the firm isn't concentrated
An index between 1000-1800 indicates moderate concentraruon
An index of over 1800 indicates high concentration
An oligopoly is when there are a few numbers of firms in a market that are interdependent.