Answer: The the minimum price that would induce this company to produce the 601st heart rate monitor is <u>$70</u>.
Explanation: The marginal cost of producing one more unit is equal to 30070 - 30000 = 70.
A company produces to the point where the price is equal to the marginal cost. In other words, the cost of producing one more unit does not exceed the benefit to be obtained from the sale of one more unit.
Peremptory challenges
I also found a quizlet by looking up your question, it might help for any other questions you have.
Answer:
(C) Supply of bicycles will shift to the left.
Explanation:
A change in supply results to a shift in the supply curve. A decrease in the change in supply, which is caused by an increase in price will shift the supply curve left.
Answer:
b. When there is a lack of importance of the buyer to the supplier group
Explanation:
According to Porter there are five forces that can cause rivalry in a production industry. These are supplier power, threat of new entrants, buyer power, threat of substitutes, and degree of rivalry.
Supplier power is when suppliers are able to benefit from the producers by increasing prices of inputs and gaining some industry profit. Since suppliers supply input and labour to the producer they have a greater control of there is lack of importance of the buyer to the supplier group.
This means that the supplier group has more control on price and quality it supplies to the buyer with buyer having little choice but to buy.
If however buyer is more important to the supplier it means they can control price and quality of inputs
Answer:
a. Is Catherine eligible for the foreign income exclusion for 2020?
Yes
b. Catherine may exclude <u>$45,104</u> from her gross income for 2020.
Explanation:
In order for Catherine to qualify for the foreign income exclusion, she must have lived in a foreign country for at least 1 one (physical presence test). She lived for more than 1 year if we combine her residence in Germany and Slovenia.
The foreign income exclusion amount for 2020 is $107,600, and Catherine can exclude up to (153 days / 365 days) x $107,600 = $45,103.56 ≈ $45,104.
