If a tax is imposed on a market with inelastic demand and elastic supply, then:

Mission Foods produces two flavors of tacos, chicken, and fish, with the following characteristics:

postnew [5]

Answer:

1. $858,000

2. Chicken = 24,000 units and Fish = 36,000 units

Explanation:

The computation is shown below:

1. The anticipated level of profits for the expected sales volumes is

= Expected sales of chicken × (Selling price per taco - Variable cost per taco) + Expected sales of fish × (Selling price per taco - Variable cost per taco) - total fixed cost

= 200,000 × ($3 - $1.50) + 300,000 × ($4.50 - $2.25) - $117,000

= $300,000 + $675,000 - $117,000

= $858,000

2. The break even volume is

Let we assume the sale units be X

So, total units sold for chicken = 40X

And, for the fish it is = 60X

Sale units of chicken × (Selling price per taco - Variable cost per taco) + Sale units of chicken × (Selling price per taco - Variable cost per taco) = Total Fixed cost

0.40X × (3 – 1.50) + 0.60X × (4.50 – 2.25) = $117,000

0.60X + 1.35X = $117,000

1.95X = $117,000

So, the X is 60,000 units

So for chicken it is 60,000 × 40% = 24,000 units

And for fish it is 60,000 × 60% = 36,000 units

7 0

3 years ago

Inflation is a general rise in the level of prices experienced by people in a nation.

vladimir2022 [97]

Answer:

True.

Explanation:

Inflation is an economic term that can be defined as the increase in the prices of a product on the market in a given period.

It can occur due to several factors, when there is an imbalance between supply and demand, then it is correct to say that when the demand for a product is greater than the supply, there will be an increase in prices and, consequently, inflation.

It can also occur when there are situations of monopoly, which is the pricing of a product controlled by a company.

Another factor that causes inflation is the increase in a company's production costs, which can be caused by factors such as scarcity, or economic crisis.

Uncontrolled inflation has a negative impact on the consumer's life, which starts to lose its purchasing capacity and has its quality of life reduced.

4 0

3 years ago

Which of the following institutional structures promote and sustain modern economic growth? Multiple select question. Patents an

Law Incorporation [45]

Answer:

47

Explanation:

40?

6 0

2 years ago

Using Google Wallet, consumers can pay for goods in stores. At check out, mobile users simply pass or tap their phone on a merch

siniylev [52]

Answer: False

Explanation: Google wallet and other similar payment methods such as Apple pay involving tapping on a merchant's payment terminal uses Near Field Communication (NFC) technology and not QR technology. Both methods are contactless methods of making payment, however, in the case of QR, it requires customers to simply scan a code similar to a barcode which has been specifically designed by the merchant from their mobile devices with the aid of camera. NFC payments doesn't require scanning a barcode as it only requires authentication by tapping on a merchant's payment system once the devices are close together.

5 0

2 years ago

Assignment

Artyom0805 [142]

Answer:

Explanation:

[Your Address]

[Your City, State, Zip Code]

[Date]

[Name of Contact Person]

[Title]

[Company Name]

[Street Address]

[City, State, Zip Code]

Dear [Contact Person]:

On [date], I bought [or had repaired] a [name of the product with the serial or model number or service performed]. I made this purchase at [location, date, and other important details of the transaction].

Unfortunately, your product has not performed well [or the service was inadequate] because [state the problem].

To resolve the problem, I would appreciate your [state the specific action you want]. Enclosed are copies [copies, not originals] of my records [receipts, guarantees, warranties, cancelled checks, contracts, model and serial numbers, and any other documents] concerning this purchase/repair.

I look forward to your reply and a resolution to my problem. I will wait [set a time limit] before seeking third-party assistance. Please contact me at the above address or by phone [home or office numbers with area codes].

Sincerely,

[Your Name]

[Account Number]

4 0

3 years ago