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FrozenT [24]
3 years ago
9

Julius builds dining chairs that he sells for $200 a chair. His fixed costs are $1,000 (for workshop equipment). Each chair cost

s him $50 in materials to produce plus an extra $25 for each previous chair made that day, which reflects Julius's increasing exhaustion. (Thus, the first chair cost $50, the second costs $75, the third cost $100, etc.) Assume time requirements in producing a chair are not a factor. How many chairs should Julius produce each day?
Business
1 answer:
icang [17]3 years ago
8 0

Answer:

7 chairs

Explanation:

The computation of the no of chairs that produced each day is shown below:

We know that

The optimum production is Marginal revenue = Marginal Cost

the Marginal cost is increasing with output and Marginal revenue  remains constant at $200

So,  

Quantity MC

1 50

2 75

3 100

4 125

5 150

6 175

7 200

Therefore Julius produce 7 chairs

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Answer:

Explanation:

a). There will be no effect on net income on after consolidation.

b). On the off chance that P possesses 100% of S Stock, at that point inter-company administrations must be wiped out. Along these lines an adjustment in the degree of responsibility for auxiliary won't influence the measure of end on merged total compensation.

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3 years ago
For absolute purchasing power parity to hold: a. transaction costs must be observable. b. interest rates must be uniform on a no
allochka39001 [22]

Answer: For absolute purchasing power to hold, the products must be identical in all markets.

Explanation:

Purchasing power parity (PPP) measures the prices in different sectors using a particular product to differentiate the absolute purchasing power that exists between currencies. Purchasing power parity produces an inflation rate which equals the price of the basket of products at a location divided by the price of basket of products at a different location. In PPP, the products compared must be identical.

Purchasing power parity (PPP) is a theoretical rate of exchange that allows an individual to buy the same quantity of goods and services in all countries. According to purchasing power parity, two currencies are in equilibrium when a basket of goods has the same price in two countries, with the exchange rates taken into account.

7 0
4 years ago
Read 2 more answers
When do you need statistics? Group of answer choices You never actually need statistics When you want to know if one group diffe
miss Akunina [59]

Answer:

When we subsample from a population

Explanation:

A subsample is a set of data that we take from smaller group of people in order to represent the larger group.

It is really crucial for companies to get this type of subsample in order to obtain statistical data about customer's preference. This will increase the efficiency of their marketing process.

For example,

Let's say that you want to create a toy for children.

It is impossible for you to actually ask every single child in this country about the type of toys they like. In such situation, you could get a subsample from a  smaller group of children (let's say you give questionnaires to 1000 children and ask them the type of toys they like.)

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4 years ago
The envelope method, notebook and pencil, and online
alexandr1967 [171]

Answer:

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3 years ago
In an effort to promote rapid growth, the government of Goldinia has kept taxes low, done little to regulate business activities
lianna [129]

Answer:

D. A predominately capitalist approach toward achieving economic goals, but the current pressures it faces suggest it is likely to adopt a more socialist approach in the future.

Explanation:

Goldinia applied a capitalist approach based on low taxes, almost no regulation in business activities and implementing only modest social programs. The goal was to let capitalist activity (market, production, business, etc.) be and let it develop. It is not pure capitalist but predominately capitalist approach, as taxes do exist, there are regulations for businesses and there are social programs, although modest.

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