As competitive markets are driven by quantity of product sales and vendors tend to lower prices to ensure sales.
97% of the students graduate. and stay for a second year
Answer:
A. At the current level of production, the firm is making a profit of $3,000.
Explanation:
Units produced at first scenario 1500
Units produced at second scenario 2000
$3.5 average cost
$4 marginal cost
$5 marginal revenue x 2000 units=$10.000
(-) $3.5 x 2000 units =$7.000
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Profit =$3000
Answer:
Lamination= $50,000
Explanation:
Giving the following information:
Metro Inc. has two production departments:
Lamination and Molding
Three service departments:
Human Resources, Technology Support, and Purchasing.
The $200,000 costs of Human Resources are allocated based on the number of employees in each production department.
The Lamination department has 40 employees.
The Molding department has 120 employees.
Proportion of employees:
Lamination= 40/160= 25%
Molding= 120/160= 75%
Allocation:
Lamination= 200,000*0.25= $50,000
Molding= 200,000*0-75= $150,000