Answer:
Here is how to find the equilibrium price of a product:
Use the supply function for quantity. You use the supply formula, Qs = x + yP, to find the supply line algebraically or on a graph. ...
Use the demand function for quantity. ...
Set the two quantities equal in terms of price. ...
Solve for the equilibrium price.
Answer:
Product by value analysis
Explanation:
product in descending order of their individual dollar contribution to the firm, as well as the total annual dollar contribution of the product.
Answer:
go to settings on tik tok, and just click on the person u wanna banned
Answer:
The contribution per machine hour for wales = $17 per hour
Explanation:
contribution per machine hour is the contribution margin divided by the number of machine hours used for the equivalent production.
Contribution margin on the other hand, is the aggregate amount available on the sale of a product, after all the associated variable costs have been deducted.
The contribution per machine hour = contribution margin ÷ machine hour
Contribution margin = selling price - variable costs
For wales; selling price = $32; variable costs = $15; machine hour = 1 hour
∴ contribution margin per machine hour = (32- 15) ÷ 1
= 17 ÷ 1 = $17 per hour.