Answer:
The sales level in units to achieve the desired profit is 5,200 units.
Explanation:
Fixed cost = $ 3,000
Desired profit = $10,000
Lets the number of units sales is N.
Total variable cost = $2.5*N
Sales revenue = $5*N
Net Profit = Sales revenue – cost of goods sold – operating expenses
$10,000 = ($5*N) – ($2.5*N) - $3,000
($5*N) – ($2.5*N) = $ 10,000 + $ 3,000
$2.5*N = $ 13,000
N = $13,000/$2.5
= 5,200 units
Therefore, The sales level in units to achieve the desired profit is 5,200 units.
Answer:
d) For Sale by Owner-Broker. Call Ed Hahn at 321-7788
Explanation:
From the above, we can see that the last option chosen contains the most complete information as against the others that do not state all relevant information. Laws in most countries covering advertising demand full disclosure of all relevant information when advertising a sale for instance or it would be considered illegal advertising. From the example, the seller had stated appropriately in the last option that he is an owner broker, letting the prospective buyer know that the property being sold is also owned or partly by the one who is listing the property for sale, or member of the listing team. The name is also stated the name which was not disclosed in the previous options
EXPLANATION: The MP curve is one of three related curves used in the analysis of the short-run production so basically the marginal product (MP) curve plays in key role in the economic analysis of short-run production by firm
Answer: MP curve looks like a reverse U shaped curve or are invertedly U-shaped
Answer:
A
Explanation:
95% confidence interval gives the lower and upper limit for the mean corn yield per acre
Lower limit is 128.4 bushel per acre and upper limit is 131.6 bushel per acre
