MAT 240 Project One Template

The following table indicates the unit prices (in Rands) and quantities of three goods held in the national warehouse of a DIY (“do it yourself”) store for the years 2020 and 2021. Item 2020 2021 Unit Price (p0) Quantity (q0)) Unit Price (p1) Quantity (q1) Mineral spirits R23.70 30 R27.70 45 10mm spanner R49.00 60 R65.00 50 25mm brush R58.00 30 R63.00 40 Q.8.1 Using 2020 as the base year, compute the price relatives in 2021 for the 10mm spanner and the 25mm brush. Interpret your answers. (8) Q.8.2 Again, using 2020 as the base year, compute the Paasche price index for all of the items for 2021. Interpret your answer.

The table below is extracted from Goodland Republic Bureau of Statistics records for 2016 -2017. Use the information to answer the questions that follow. Goodland Economy 2013 and 2018 I tem Price 2017 (Base year) Price 2018 Price per Price per Unit ($) | Production 55,000 98,000 45,000 2,450.00 110,000 6.000 7,000.00 Unit ($) Production 50,000 100,000 50,000 23,000.00 120,000 5,000 Rice ( tons) Wheat (tons) Tractors mid-size (units) Cotton (tons) Used cars Manufacture garments ( tons) Eggs (Trays) Соса Cola (litres) Pepsi Cola (litres) Beef (tons) Second hand cloths (tons) Alcoholic Beverages (litres) Milk (litres) 1.50 2.00 2.00 2.50 100.00 120.00 5,000.00 50.00 150,000 2,000 6,000 700 145,000 2,300 6,500 70.00 2.50 3.50 0.80 1.20 1.50 1.10 850 5,000 500 500 4,800 450 600 6.50 8.50 15.00 25.00 3.25 3.75 7,000 2.30 7,500 2.50 Examine the status of the economic welfare in Goodland Republic in 2018 based on your GDP deflator, nominal GDP and Real GDP. Also, explain the reasons why it is…

A company produces and sells a consumer product and is able to control the demand by varying the selling price. The approximate relationship between price and demand is 2700 5000 p = 38 + (for D>1) D² The company is seeking to maximize its profit. The fixed cost is $1,000 and the variable cost is $ 40 per unit. What is the number of units and total amount that should be produced and sold each month to maximize profit?

If the company does not change its current supply chain, what will its distributioncosts be for the following quarter?

WHERE IS THE CHART COMING FROM I AM CONFUSED? FC=1200? PLEASE EXPLAIN CHART USED AC=FC/Q-VC (600x3.1) - (500x3.5) 110 =--- = 11 600-500 100 3.10= UC/600-11 3.50=UC/500-110 FC=1200 EURO FC=1200 EURO AC=UC/Q-VC UC=UNIT COST

Based on the following data for Al-Aqsa Company: (5 Marks) - Price = $10 - Average total cost = $6 - number of units produced = 1000 unit Calculate Profit per unit Total profit

Complete the following table by calculating the contribution to profit and overhead for each of the 10 time periods and prices. Time Period Price Quantity Sold Total Contribution ($) (Million) ($ Million) 1 2,400 0.2   2 2,200 0.2   3 2,000 0.2   4 1,800 0.2   5 1,700 0.2   6 1,600 0.2   7 1,500 0.2   8 1,400 0.2   9 1,300 0.2   10 1,200 0.2     Over the 10 periods, the total contribution to profits and fixed costs from price skimming is    million.

Mustang Mobile charges $15 for each tetrabyte of data used on its smartphone plans. Use this information to create a table showing the charges for data based on the number of tetrabytes used.

Complete the inventory table by calculating the total cost of purchases, the goods available for sale, the cost of the goods available for sale, and the ending inventory. Date of purchase Beginning inventory Units Cost per purchased unit 41 $830 Total cost Retail price Total retail per unit value $975

FG Manufacturers wants to determine the effectiveness of their pricing decisions for their product Lylo. As a consultant, you have been asked to develop cost functions that will assist in arriving at the optimal price that will enable the company to maximize profits. During the year, you were provided with the following demand and costs functions for the product:   P = 400 – 6Q; where P is the unit selling price and Q is quantity in thousands of units. TC = 8Q2 + 36Q + 150; where TC is total cost in thousands of dollars.   Determine the optimal sales revenue.           Calculate the maximum profit.   Briefly outline two (2) factors to be considered by managementswhen pricing decisions are being made.

Jadual 1 menurnfukkan beberapa data harga dan kuantiti untuk sebuah ekonomi zederhana jang menghasilkan darang dan perkhidmatan derikut.) Table 1: Price and quantity for three types of product [Jadual I: Harga dan kuantiti sontuk tiga jenis produk) Product [Produk) Year 2019 [Tahun 20191 Price (RM) [Harga (RM) 1.25 Year 2017 Year 2018 [Tahun 20181 Price (RM) Kuanti) (RM) Kuanttij [Harga (RAM)) 1 [Tahun 2017) Quantity Quantity Kuantitij Price Quantity [Harga (RM)) A 180 200 200 B 90 75 90 100 100 120 0.6 675 0.5 600 0.5 630 (1) Compute the values of nominal GDP in 2017, 2018 and 2019. [Kirakan nilai-nilai KDNK nominal pada 2017, 2016 dan 2019) (6 Marks/ Markah) Compute the values of real GDP and GDP deflator in 2018 and 2019 (using 2017 as the base year). [Kirakan nilai-nilat KDNK zebenar dan KDNK pendeflari pada 2018 dan 2019 (menggunakan tahun azas 2017)) (5 Marks/ Markak) (iii) Compute the percentage change in the real GDP in 2018 and 2019 from the preceding year. (Kinatan nerat…

analysis of the data indicated that the demand curve for x product is estimated to be linear and given by equation Qd = 150-3P and the supply curve for x product appears to be linear as well and is estimated as Qs=P-10. Graphically draw these two curves, labeling all relevant looking (such as intercepts for each line) on the horizontal and vertical axes

Suppose that the graph illustrates the market demand for soda per month with an equilibrium price of $3.00 and equilibrium quantity of 4,000 sodas. Please indicate on the graph the effects of excess inventories that lower the price by $2 and place point A at the new equilibrium. Price (5) 6.0 5.0 4.0 3.0 2.0 1.0 0.0 O 3.0 4. N Demand 4,0 5 4 Quantity (thousands)

Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.

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Davis Stores sells clothing in 15 stores located around the southwestern United States. The managers at Davis are considering expanding by opening new stores and are interested in estimating costs in potential new locations. They believe that costs are driven in large part by store volume measured by revenue. The following data were collected from last year’s operations (revenues and costs in thousands of dollars).   Store                  Revenues              Costs 101                      $4,120                $4,244 102                        2,247                  2,934 103                        5,768                  5,211 104                        4,022                  4,048 105                        2,944                  3,736 106                        4,063                  3,389 107                        6,914                  5,059 108                        1,809                  2,474 109                        5,516                  4,768 110…

Uncertain and do not know how to solve

Consider the housing construction industry. Assume that the industry is perfectly competitive in both input and output markets. Suppose that, through collective bargaining, a labor union negotiates an industry-wide wage for various kinds of labor (electricians, plumbers, and so on). In particular, it succeeds in negotiating a wage increase for carpenters from $15 to $20 per hour. The following graph shows the labor demand of an individual firm. On the following graph, show what happens at the firm level as a result of the union negotiations. WAGE RATE (Dollars per hour) 30 25 20 15 10 5 0 0 20 40 60 80 Demand Supply 100 120 QUANTITY OF LABOR (Number of workers) Now consider the effects of the wage change on the entire industry. Demand Supply ? Use the graph input tool to help you answer the following questions. You will not be graded on any changes you make to this graph. Note: Once you enter a value in a white field, the graph and any corresponding amounts in each grey field will…

Exercise2: A company makes iron benches and wants to determine the break-even point. The total fixed cost for the business is $60,000 and the variable cost is $40 per bench. It sells the bench for $100 per unit. Determine the BEP and construct a graph.

Bell Greenhouses has estimated its monthly demand for potting soil to be the following: Assume this trend factor is expected to remain stable in the foreseeable future. The following table contains the monthly seasonal adjustment factors, which have been estimated using actual sales data from the past five years: MONTH ADJUSTMENT FACTOR (%) March +2 June +15 August +10 December −12 a. Forecast Bell Greenhouses’ demand for potting soil in March, June, August, and December 2007. Answer b. If the following table shows the forecasted and actual potting soil sales by Bell Greenhouses for April in five different years, determine the seasonal adjustment factor to be used in making an April 2008 forecast. YEAR FORECAST ACTUAL 2007 500 515 2006 452 438 2005 404 420 2004 356 380 2003 308 320

Need graphs, as well as the following:

The Retread Tire Company recaps tires. The fixed annual cost of the recapping operation is $60,000. The variable cost of recapping a tire is $9. The company charges $25 to recap a tire. For an annual volume of 12,000 tires, determine the total cost, total revenue, and profit. Determine the annual break-even volume for the Retread Tire Company operation. Graphically illustrate the break-even point using a one way table that relates volume to profit.

A trucking firm handles four commodities for a particular distributor. Total shipments for the commodities in the years 2000 and 2015, as well as the prices in the year 2000, are reported in the following table. Commodity A B с D Shipments 2000 120 86 40 60 2015 95 73 55 70 Price/Shipment 2000 $1,200 $1,800 $2,000 $1,500 Develop a weighted aggregate quantity index with a 2000 base. (Round your answer to the nearest integer.) ¹2015 = Comment on the growth or decline in quantities over the 2000-2015 period. O Quantities are down slightly, by less than 5%. O Quantities are down substantially, by more than 5%. O Quantities are up slightly, by less than 5%. O Quantities are up substantially, by more than 5%.

"A taxi company currently has nine cabs in its fleet, and its total daily cost is $4,000. If the company added a 10th cab, its daily total cost would be $4,200, or $420 per cab. Adding the 10th cab will increase the daily total revenue by $300. Should the company add the 10th cab?  (Yes/No)"

A company produces and sells a consumer product and is able to control the demand for the product by varying the selling price. The approximate relationship between price and demand is p= 200-0.05D where p is the price per unit in dollars and D is the demand per month. The company is seeking to maximize its profit. The fixed cost is $15000 per month and the variable cost is $50 per unit. a. What is the number of units that should be produced and sold each month to maximize profit? b. What is the domain of profitable demand during a month? Show your spreadsheet.

(ROUND OFF YOUR FINAL ANSWER TO TWO DECIMAL PLACES) A company has established that the relationship between the sales price for one of its products and the quantity sold per month is approximately p = 77-0.12D units. The fixed cost is $800 per month and the variable cost $25 per unit produced. What number of units, D* should be produced per month and sold to maximize the profit per month related to the product? Round your answer to 2 decimal places.

Mead Plumbing currently sells thread seal tape at a price of $42.00 per roll. Their research department has derived the price-demand equation as p = 60 -0.02x where x is the number of tapes that can be sold at $p per roll of tape. (d) If the current price changes by 10%, what will be the approximate percentage change in demand? (e) Find the price at which a percentage change in price produces the same percentage change in demand.