Answer:
Relevant Revenue = $576,000
Relevant Cost = $522,000
Explanation:
As per the data given in the question,
Variable cost = $29 per unit
Company received order of = 18,000 units
Cost of each product = $32
So
Only Relevant Revenue is the revenue from special order = Cost × units
= $32 × 18,000
= $576,000
Only Relevant Cost is the cost from special order = Variable cost × units
= $29 × 18,000
= $522,000
So,
Reject order Accept order Differential
Revenues 0 $576,000 $576,000
Cost :
Variable
manufacturing 0 $522,000 -$522,000
Income(loss) 0 $54000 $54000
Answer:
C
Explanation:
A farmer would want to look at the economic status of the US because his goal is to sell as much wheat as possible and make the most profit. If he pays no attention to the economy and there's a recession but he still sells his wheat at the normal price, people whose stocks are going down and who are losing money will be unable to, and unwilling to, pay the price. Thus, the farmer must inspect the changing economic statuses of the US to determine the best and most effective way to market out his wheat to the public.
Changes in US racial patterns have no impact on the marketing of the farmer's wheat, so A is incorrect.
The number of births per year is also irrelevant, as is the general population growth numbers because these do not affect the way the farmer will market his crops, so B and D are incorrect.
Hope this helps!
Answer:
B. the percentage change in quantity demanded exactly offsets the percentage change in price
Explanation:
Unit elastic demand is an economic theory that assumes a change in price will cause an equal proportional change in quantity demanded.
Answer:
The correct answer is letter "D": represents the universality of exchange rate systems.
Explanation:
Purchasing Power Parity or PPP compares different countries' currencies through a market's basket of goods approach. Two currencies are in PPP when a market basket of goods, taking into account the exchange rate is priced the same in both countries. PPP currency rates are considered more accurate than market-exchange rates.
Range for marginal cost = $20 to $50
Since at the price of $60 total Marginal revenue on demand curve two = $20
Total Marginal revenue on demand curve on =$50
Hence $60 for the product is optimum for the range of marginal cost from $20 to $ 50.
Since the optimum level of price is where marginal cost is equal to marginal revenue.
The marginal cost of production includes all costs that vary with that level of production. For example, if a company needs to build an entirely new factory to produce more goods, the cost of building the factory is the marginal cost.
Marginal Cost = Change in Total Cost / Change in Quantity. Change in Total Cost = Total Cost of Manufacturing Including Additional Units – Total Cost of Manufacturing Regular Units. Quantity Change = Full Quantity Product with Additional Units - Full Quantity Product in Regular Units.
Learn more about Marginal Cost here: brainly.com/question/17230008
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