Answer: 15000; 3750
Explanation:
From the question,
Q = 660 – 12P
MC = 5
The consumer surplus in a perfectly competitive market will be:
P = MC
Therefore, P = 5
Q = 660 - 12P = 660 - 12(5) = 660 - 60 = 600
Consumer surplus = 1/2 × (55 - 5) (600)
= 1/2 × 50 × 600
= 15,000
For monopoly, MR = MC
Total Revenue = P × Q
Since Q= 660 - 12P
P = (660 - Q)/12
TR = P × Q
= (660 - Q)/12 × Q
= (660Q- Q²)/12 × Q
MR = (660 - 2Q)/12
MR = MC
(660 - 2Q)/12 = 5
(660 - 2Q) = 5 × 12
660 - 2Q = 60
2Q = 660 - 60
2Q = 600
Q = 600/2
Q= 300
Since P =(660 - Q)/12
= (660 - 300)/12
= 360/12
= 30
Consumer surplus = 1/2 × (55 - 30) (30)
= 1/2 × 25 × 300
= 3750
Therefore, the answer is 15000; 3750
Answer:
D. $65,000
Explanation:
Data provided
Direct labor = $56,500
Manufacturing overhead = $8,500
The computation of Conversion costs is shown below:-
Conversion costs = Direct labor + Manufacturing overhead
= $56,500 + $8,500
= $65,000
Therefore for computing the conversion cost we simply add the direct labor with manufacturing overhead.
Answer: Credit, $45,000
Explanation:
The bond payable is the interest payable on the bond and it's Bond issued value mutiply by issued rate
$50,000 * 9%* 10 years
Answer:
a. presentation and demonstration
Explanation:
It is correct to say that Frank is in the presentation and demonstration stage in the sales process, as the question says that he showed the customer the variety of available beds designed for children, that is, he presented the product to the customer and demonstrated that it would satisfy your needs, in this case the seller reiterates the value and benefits of the product so that there is interest on the part of the consumer in making the sale.
Answer:
$26,200
Explanation:
Current gain = Fair market value of the property - Basis of qualified property = $26,200 - $21,833 = $4367. Thus, the amount of Grady current gain is $4,367
We now determine the basis that Gredy takes for the share of Eadie stock
Basis = Original basis of qualified property + Current gain
Basis = $21,833 + $4,367
Basis = $26,200
Thus, basis that Gredy takes for the share of Eadie stock is $26,200
