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EastWind [94]
3 years ago
9

You are hosting a concert to fundraise for charity. You have to sell tickets to this event in order to raise money. The expenses

are listed below: DJ $100 Decorations $60 Props $50 Snacks $60 You create the price of the ticket so that 30 tickets covers the cost of all of these expenses. What is the profit function for this situation?
Business
1 answer:
dimaraw [331]3 years ago
3 0

Answer:

$9

Explanation:

100+60+50+60=270 270÷30=9

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snow_lady [41]

Answer:

no problem

Explanation:

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8 0
3 years ago
Country x would have an absolute advantage over country y in the production of automobiles under what conditions?
Paul [167]
Under the condition that country X can manufacture cars more cheaply. An absolute advantage devours in a country if it makes good over alternative country and uses a smaller amount of wealth to yield that good. The result of a country’s natural legacy is the absolute advantage. Another example is extracting oil in Saudi Arabia is pretty much just a matter of drilling a hole. Generating oil in other countries can is essential substantial exploration and costly technologies for drilling and extraction if certainly they have any oil at all. The United States devours about the richest farmland in the world which manufacture it at ease to grow corn and wheat than in many other countries. Guatemala and Colombia partake environment particularly suitable for growing coffee. Chile and Zambia have about of the world’s richest copper mines. As some have claimed that geography is destiny. Chile will bargain copper and Guatemala will harvest coffee and they will trade. When each country has a product others necessity and it can be manufactured with fewer resources in one country over another then it is easy to visualize all parties do good from trade. Thinking about trade just in relations of geography and absolute advantage is incomplete. Trade actually happens because of comparative advantage.
4 0
3 years ago
Read 2 more answers
Consider the following cost information for a pizzeria
HACTEHA [7]

The essential rule that makers utilize to figure out what blend of work and capital conveys yield at the least expense is cost minimization. Cost minimization is the primary guiding principle that producers use to determine which combination of labor and capital produces the most output at the lowest cost.

a) Because the total cost less the variable cost, the fixed cost is $300.

At a result of nothing, the main expenses are fixed expenses.

B) The change in total cost for each additional output unit is equal to marginal cost. Additionally, it is equivalent to the variation in variable cost for each additional output unit. As the quantity changes, the fixed cost does not change, so total cost equals the sum of variable cost and fixed cost. As a result, the increase in variable cost is proportional to the increase in total cost as quantity increases.

<h3>What is the formula for reducing costs?</h3>

The marginal product of capital is equal to the marginal product of labor divided by the rental price of capital in the cost minimization formula.

To learn more about Cost minimization here

brainly.com/question/13069227

#SPJ1

8 0
2 years ago
Tom buys a shirt for $22.00 plus 7% sales tax. His cousin buys a shirt for $18.00 plus 4% sales tax.How much do Tom and his cous
astra-53 [7]

Answer:

Tom paid $23.54 while his cousin spent $18.72. Tom spent more on tax $.082 more than his cousin.

Explanation:

Tom

Cost of shirt = $22

Sales tax = 7%

Total amount paid = 22 + (7% × 22)

                               = 22 + 1.54

                               = $23.54

Tom's cousin

Cost of shirt = $18

Sales tax = 4%

Total amount paid = 18 + (4% × 18)

                               = 18 + 0.72

                               = $18.72

Tom spent more on tax as he spent $1.54 as against his cousin's $0.72.

3 0
3 years ago
On December 31, 20X5, Paris Corporation acquired 60 percent of Sanlo Company's common stock for $180,000. At that date, the fair
Anit [1.1K]

Answer:

1. b. $15,000

2. a. $13,200

Explanation:

a. Fair Value of Consideration $180,000

Non Controlling Interest $120,000

Differential in value of Sanlo $45,000

Good will = $15,000

b. Value of Equipment = $10,000 / 5 = $2,000

$2,000 * 60% = $1,200

Value of land = $15,000 * 60% = $9,000

Value of Sanlo's Inventory = $5,000 * 60% = $3,000

Total value amortize using equity method is $13,200

7 0
3 years ago
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