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A: Hi! Thank you for the question, As per the honor code, we are allowed to answer three sub-parts at a…
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A: Mean is the average value of the given terms i.e. sum of terms divided by number of terms.
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- Answer is $ 3,837 and $33,351 Please correct my answer39. Which one is expected to be the larger amountA company sells three types of products for $20, $15, and $10 per unit. In 1 year, the total revenue for the three products was $2090, which corresponds to the sale of 153 units. The company sold half as many units of the $20 product as units of the $15 product. How many units of each product were sold? How much revenue came from the $20 unit The number of twenty dollar units sold was .The number of fifteen dollar units sold was .The number of ten dollar units sold was .The revenue from the $20 units was
- Engro Foods (Pvt) Ltd. is a FMCG manufacturer in Pakistan. Its main products are milk, icecream, and flavored juices. Last year the company has sold around 8 million units of milk, 5million units of ice-cream and 3 million units of flavored juices. The average current marketprice of the milk is Rs.100; the ice-cream is 60; and the Juices is Rs.40.In an attempt to improve revenue, the managers of the company have decided to increase allprices by 5%. Market research has suggested that the price elasticity of demand for eachproduct is: Milk: (-) 1.5; Ice-cream: (-) 1.0; Flavored juices: (-) 0.5You are required to calculate, evaluate and suggest the planned price change on followingsituations.a. Would a 5% price increase have been better for some or all of the products?b. Would a 5% price reduction have been better for some or all of the products?c. Should the company retain their current market price? If yes then why? If not thenwhy not?d. How Engro Foods (Pvt) Ltd. can maximize their…Comfy Limited manufactures glass ornaments and housewares. The business makes use of unskilled labour and providestraining to do hand crafting of the goods. In January, they decided to add a fruit bowl to the range. It took 45.60 hours tocomplete the first two fruit bowls. It was found that labour hours reduced as cumulative output increased, and it is expected thatthis trend will continue until 64 fruit bowls have been manufactured. The total number of hours to complete the next two fruitbowls was 41.04 hours. The labour and material costs to manufacture the first four fruit bowls, which have already been sold,were as follows: Direct materials: R1 360 Direct labour: R1 420Additional information: A gift shop owner saw these fruit bowls and has asked for a quotation for 12 to add to its range of products Since the first four fruit bowls were manufactured, the price of material increased by 8%, and the cost of labour by15%. Comfy Limited paid the designer of the fruit bowl R1 600.…A local college is deciding whether to conduct a campus beautification initiative that would involve various projects, such as planting trees and remodeling buildings, to make the campus more aesthetically pleasing. For the students of the college, the visual appearance of the campus is and . Thus, the visual appearance would be classified as a public good. Suppose the college administrators estimate that the beautification initiative will cost $3,900. To decide whether the initiative should be undertaken, administrators conduct a survey of the college's 370 students, asking each of them their willingness to pay for the beautification project. The average willingness to pay, as revealed by the survey, is $13. The benefit of the beautification initiative, as suggested by the survey, is . Because the estimated benefit is than the cost, the college administrators undertake the beautification initiative. The calculation of the benefit of the beautification…
- A store that sells maize meal discovers that when the price of 1kg maize meal Is R24 per kilogram, the quantity demanded is 306 kgs per week. When the price decreases to R21 per kg, then the sales increase to 340 kgs per week.Ampomah Group is a large is large Ghanaian consumer products company with origin in Nkawkaw in the Eastern Region. The company primarily specializes in Shampoo, Diapers, Baby food and Cold medicine. Ampomah Group has business operations in over 50 cities in Ghana. The Company has been following the economic trends since 2020 and has found that after the COVID-19 pandemic, low income households have been growing two times as quickly as other consumer segments. The preliminary report of the recent 2021 Population and Housing Census indicates a further extension of this trend in the next decade. Low income is defined as families with income at the poverty level or below.Ampomah Group has always had a premium product strategy. It sells its products in grocery stores, convenience stores, mass retailers, etc., but its products are always priced at the high-end of their respective categories. It has never targeted the low income segment before and doesn’t have a low income strategy, but given…A local college is deciding whether to conduct a campus beautification initiative that would involve various projects, such as planting trees and remodeling buildings, to make the campus more aesthetically pleasing. For the students of the college, the visual appearance of the campus is and . Thus, the visual appearance would be classified as a public good. Suppose the college administrators estimate that the beautification initiative will cost $66,120. To decide whether the initiative should be undertaken, administrators conduct a survey of the college's 1,820 students, asking each of them their willingness to pay for the beautification project. The average willingness to pay, as revealed by the survey, is $28. The benefit of the beautification initiative, as suggested by the survey, is . Because the estimated benefit is than the cost, the college administrators undertake the beautification initiative. The calculation of the benefit of the beautification…