Answer:
.793
Explanation:
Formula
.032=.7^2*.17^2+.3^2*.23^2+2(.7)(.3)(.17)(.23)p
.032=.0142+.0048+.0164p
.032-.0142-.0048=.0164p
.0164p=.013
p=.013/.0164
p=.793
Answer:
c. average variable
Explanation:
The options for the question are;
. a) marginal
b. average total
c. average variable
d. average fixed
Predatory pricing can be regarded as
pricing strategy which is an illegal act whereby dominant firm in an particular industry set their price low so that compitition can be eliminated, this act usually aid Monopoly in the market. It should be noted that The practice of setting prices deliberately below average variable costs in an effort to drive a competitor out of the market is known as predatory pricing.
Answer:
a. $(8000)
b. Company should choose alternative 1 and make bottles.
Explanation:
Particulars Make Bottles Buy Bottles Differential
Alternative 1 Alternative 2
Purchase Price 0 $37 $(37)
Freight Charges 0 $4 $(4)
Variable cost $33 $33
Fixed Cost $17 $17 0
Cost per unit $50 $58 $(8)
Income / (Loss) $50,000 $58,000 $(8,000)
b. The company should choose alternative 1 and make bottles. The buying of bottles will cost company loss of $8,000.
Answer:
The x-coordinate of the intersection point represents the number of units for which the profit is 0.
Explanation:
The given revenues function is

The cost function is

It is given that graph of both function intersect each other at (2000,8000).
Intersection point of cost and revenues function represents that the total cost and total revenue are equal.
Profit = Total revenue - Total cost
Profit = TR - TC
Profit = TR - TR (TR=TC)
Profit = 0
The x-coordinate of the intersection point represents the number of units for which the profit is 0.
x-coordinate of the intersection point = 2000
The profit is 0 if the number of units is 2000.
Answer:
The correct answer are letters "A", "B", and "C": not working; actively seeking work; willing and able to work.
Explanation:
Unemployment is the state in which individuals do not have a job but are actively seeking one. These people are willing and available to start working yet they have not been able to get a job according to their skills. The unemployment rate of the U.S. for 2019 was around 3.6% according to the Bureau of Labor Statistics (BLS).