A store had monthly utility expense of $21,644. Determine the share for Department 1 (rounded to the nearest dollar), based on floor space for each department as follows:
Q: From an economic perspective, is it sound policy to pursue a goal of zero pollution? Why or why not?…
A: 1) From an economic perspective, is it sound policy to pursue a goal of zero pollution? Why or why…
Q: Suppose the government introduced a child benefit equal to $7000 per year. For every dollar earned…
A: Government uses fiscal policy in terms of tax or subsidies in the economy. Government gives this…
Q: 5. The Stag Hunt is a famous coordination game where two hunters must work together to hunt a stag…
A: Nash equilibrium is a game theory concept where each player chooses to maximize their outcome and…
Q: Price (Php/kg) 20 25 Quantity Supplied (qs) of Palay in Luzon (in billion kg) 11 12 Quantity…
A: Supply is the amount of quantity a seller is willing to offer at certain place and time. there is…
Q: In what ways can the regional Federal Reserve Banks influence the conduct of monetary policy?
A: The regional Federal Reserve Banks is the organisation that has within its ambit the formal mandate…
Q: Express covariance between two variables for a given third variable in terms of conditional…
A: covariance refers to a measure of the relationship between 2 random variables. In other words, we…
Q: Does the slope of the production possibilities frontier become smoother as more and more producers…
A: Production Possibility Frontier is defined as a graphical representation of all the combination of…
Q: Calculate the tax for $25,000. For example, $10,000x40%=$4,000 in tax. Show your work!! 40% on…
A: A regressive tax refers to an imposition of tax in an approach that the rate of tax declines as the…
Q: 3. The money creation process Suppose First Main Street Bank, Second Republic Bank, and Third…
A: Assets - An asset is an increased value that a corporation or country owns and controls expecting a…
Q: Price (Php/kg) 5 10 15 Total Cost of production (Php) Average Price Average Quantity qs 1 (pc) 5 10…
A: Supply and quantity supplied are different things. Price and quantity supplied are the positively…
Q: ell as the graphical representation. a) D(p) = 100 − p. b) D(p) = 100 − bp, where b is a…
A: A demand curve shows an inverse relationship between quantity demanded of a good and its own price.…
Q: opic: advantages of target-return price Required: • Please explain the photo attached, thank you!
A: In order to determine the highest cost that a new product may have, target pricing involves…
Q: Calculate the requested piece of information using the following information- show your…
A: Given information: Population is 250,000,000 The participation rate is 50% Employed people is…
Q: 4. Professor Afano has a monopoly in the market for Intermediate Micro Il textbooks. The time-…
A:
Q: Suppose the marginal external damage due to pollution varies with output according to the function,…
A: Externalities: When a firm produces a good sometimes it creates cost or benefits for other firms. If…
Q: I need help solving problem 4 sections a-d. Please note that this is not graded work. I obtained…
A: MC(Marginal cost) refers to the extra/additional cost that the firm has to incur in order to produce…
Q: Consider a monopolist facing a demand curve of P = 600 – 5q and with a constant marginal cost of MC…
A: Given information: The demand curve faced by a monopolist is P = 600 - 5q Marginal cost is constant…
Q: 9. Price, Cost, Marginal Revenue 40 60 20 0 B MR X 8 MC = ATC 10 quantity of demand e) What is the…
A: The monopoly is a form of market that has an extreme condition wherein there is just one seller of a…
Q: Explain international integration of economies (globilization) effects on the blanchard's model o…
A: Globalization in economics referred to trading between multiple nations. It is also termed as…
Q: A local firm is establishing a sinking fund for the purpose of accumulating a sufficient capital to…
A:
Q: ( ) 1. The lowering of trade and investment barriers: protects domestic industries from…
A: Dear student, you have asked multiple questions in a single post. In such a case, I will be…
Q: What is a competitive devaluation, and why would a country do it?
A: Competitive devaluation occurs when the two or more nations deliberately intervenes to depreciate…
Q: The price demand and profit functions for selling x items of a newly introduced perfume are given by…
A: Given information: p(x) = 50x - 100 - (1000 / x2) -------> demand equation P(x) = 30x2 - 20x +…
Q: 2. What does it mean for two inputs to be perfect substitutes?
A: Inputs refers to the factors used in producing the goods and services. In other words, these are the…
Q: Question1 Imagine you own a firm with the production function q=f(L, K) = Lº.2 K0.8 a. What is the…
A: The functional connection between the amount of a good produced (output) and the production factors…
Q: Question 1 Consider the demand function. q= D(x) = 400e-0.2z a) Find the elasticity. E(x)= b) Find…
A: The Ed(elasticity) of demand shows the responsiveness of change in Q(quantity demand) to change in…
Q: what are some things that should be exempt from tax
A: In a government Budget, Taxes are one of the major sources of Income. Taxes are charged either on…
Q: Skyline Furniture has a beginning inventory of 3 dining tables at a cost of $1,400 each. During the…
A: First In, First Out (FIFO) valuation method makes an assumption that the assets purchased or…
Q: Substantial economic slumps come from falling aggregate demand-the sum of overall consumption,…
A: Consumer theory: The study of how people spend their money based on their individual preferences and…
Q: Determine the exact simple interest on 10,620 for the period from Jan 6 to Nov 28, 1992, if the rate…
A: The formula to calculate the simple interest is given by: Simple Interest = (PTR) Where P is the…
Q: Anne made an investment of P8,000,000.00 and earns a yearly gross income of P5,000,000.00. The…
A: Opportunity cost is the cost of sacrifice that an investor has to bear for leaving/not accepting the…
Q: How much is 15,130PhP worth after 7 years if it is deposited in a bank whose nominal rate of…
A: The nominal rate of interest is the interest rate that is not inflation adjusted. This rate includes…
Q: The concept that development has to be deliberately planned as an outcome is said to be intransitive…
A: The transitivity of preference is an important condition for developing a connection between choice…
Q: How does aggregate demand affect inflation? How do interest rates affect aggregate demand?
A: The overall demand for goods and services made by all of the customers in the economy is referred to…
Q: Give the formulas for and plot average fixed cost, AFC, marginal cost, MC, average variable cost,…
A: Given Cost function: C=3+q2 .....(1) Fixed cost: The cost of production which remains…
Q: 2. The cash flows for an investment project are listed below. the firm will invest if the present…
A: Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: A man expects to receive P29,194 9 years from now. How much should he invests for three consecutive…
A: Present value is the value of investment in today's dollar. Future value is the value of investment…
Q: EV and variance-1.4 You are looking at two firms as an investment opportunity: • For the first firm,…
A: Investment is the amount of money invested in a particular good, service, stock, bond etc. Investing…
Q: HighFlyer Airlines wants to build new airplanes with greatly increased cabin space. This will allow…
A: The opportunity cost is the cost of the next best alternative. It can be said that opportunity cost…
Q: If I want to make 95% service level, average demand during lead time is 10, standard deviation…
A: The reorder point (ROP) is the lowest stock level that can be reached before prompting you to order…
Q: Topic: Competing in Tight Oligopolies: Pricing Strategies Required: Please explain the photo…
A: The term "tight oligopoly" refers to a market that is dominated by a small number of very big…
Q: The U.S money supply (M1) is $1000 billion, broken down as follows: $400 billion in currency, $10…
A: The money supply is the total amount of money in circulation within an economy. Currency, printed…
Q: A graph that shows all the combinations of goods and services that can be produced if all of…
A: A tradeoff is a scenario in which selecting one choice entails giving up something else, usually a…
Q: II. True & False, just write true or false for the answer ( ) 1. It is possible that economic…
A: An rise or improvement in the market value of the products and services produced by an economy over…
Q: 6. Prior to the battle for wages, the ritzy had two machines and four members of staff. Staff were…
A: Total cost is the sum of fixed and variable cost. Fixed costs are the cost that are fixed and…
Q: There are following Merits and demerits of deductive method. Explain
A: The deductive method is generally used in the research projects where the researcher takes the study…
Q: Ravi has £21 to spend on pastries and biscuits. If he spends all the money on pastries, he can…
A: Budget constraint: given the price of 2 goods and consumer’s income. The budget constraint shows…
Q: Is Harry spends his weekly income M > 0 on two commodities, food (X) and rental videos (Y) His…
A: A good is said to be inferior if the demand decrease as income increase. For inferior goods, the…
Q: Suppose the marginal revenue of a perfectly competitive firm is $10 and its marginal cost is $18 for…
A: Price and marginal revenue are always identical in a perfect competition market since the market…
Q: Key institutional players in the fight against money laundering include: a. World Bank, United…
A: The process of money laundering is the concealment of the origin of huge stock of money earned from…
A store had monthly utility expense of $21,644. Determine the share for Department 1 (rounded to the nearest dollar), based on floor space for each department as follows:
Department | Floor Space |
---|---|
Dept1: | 75,000 sq ft |
Dept2: | 55,000 sq ft |
Dept3: | 37,000 sq ft |
Dept4: | 48,000 sq ft |
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 1 images
- A company produces and sells a consumer product and thus far has been able to control the volume of the product by varying the selling price. The company is seeking to maximize its net profit. It has been concluded that the relationship between price and demand, per month, is approximately D = 500 - 5p, where p is the price per unit in dollars. The fixed cost is $1,000 per month, and the variable cost is $20 per unit. Obtain the answer mathematically to the following questions: a.What is the optimal number of units that should be produced and sold per month? b. What is the maximum profit per month? c. What are the breakeven sales quantities and the range of profitable demand volume?Johnny's company provides a on-call service to provide garden maintenance / tidying services in several residential areas at a regular price of $ 400, covering maintenance / trimming and spraying of fertilizers and chemical pests. In an effort to attract new customers, the company offered its customers a $ 80 discount off the regular price. It turned out that this decision was greeted enthusiastically and customers increased to 5,500 units (packages) from 3500 units recorded in the same period last year. Question: a. Compute: Arc price elasticity of demand for service company “ABC”. b. It is assumed that the Arc price elasticity in item a is the best available estimate of the Point price elasticity of demand. If the marginal cost is $ 150 per unit for labor and materials. Compute: Optimal mark-up on price, and Optimal price for Johnny's company services.Need complete solution. A company produces and sells a consumer product and thus far has been able to control the volume of the product by varying the selling price. The company is seeking to maximize its net profit. It has been concluded that the relationship between price and demand, per month, is approximately D = 500 - 5p, where p is the price per unit in dollars. The fixed cost is $1,000 per month, and the variable cost is $20 per unit. Obtain the answer mathematically to the following questions: a.What is the optimal number of units that should be produced and sold per month? b. What is the maximum profit per month? c.What are the breakeven sales quantities and the range of profitable demand volume?
- Two power plants provide power to all of Manila: Mapayapa plant and Hagonoy plant. Both power plants burn coal to produce electricity, and consequently produce smog as a by-product. The M power plant could reduce its smog, but at a total cost: CM(XM) = 5X2M where XM indicates the total number of units of smog abated by M. The H plant is slightly less efficient, and its total cost for cutting down on smog by XH is: CH(XH) = 7X2H + 10XH Suppose that instead of taxation, the Manila government tries to regulate quantities. However, the city of Manila cannot write a law for each firm, so it simply declares that all power plants must cut down on smog by xC1 units each year. Explain why this is not efficient.Rail Tours, Inc., sells packaged tours on rail lines, including gourmet meals and a reserved bed. The most popular tours are in the autumn, when foliage colors are at their peak. The overnight package for Saturday and Sunday morning are especially heavily booked. A market survey firm has just completed a study in which they conclude that if the package cost is $200 per couple, then Rail Tours can expect to sell 400 spaces on a typical Saturday. If the price is raised to $225, then unit sales will drop to 390. If the price is raised further to $250, unit sales drop to 380. a) From the data given, write down the demand equation and determine its intercepts. Are there any precautions needed when operating at the extreme ends of the demand curve?b) The survey firm also reports that if per capita income changes, Rail Tours can expect a large change in bookings. In particular, if per capita income falls by 1%, then bookings will tend to fall by about 2%. Are tour packages a normal good?…Many times, the selling price of a product, p, is related to the demand, D, according to the relationship p=a-bD. However, a company has found that the price of their product can be related to demand ( in units per year) according to the following equation: p= $88.5 – (0.5)D0.5 . In addition, there is a fixed cost of $20,000 per year and the variable cost to manufacture the product is $20 per unit. a. What level of demand maximizes total revenue and the maximum revenue? b. What level of demand maximizes total profit for this product and the maximum profit?
- eBook Direct Labor Standards for Nonmanufacturing Expenses Southwest Iowa Hospital began using standards to evaluate its Admissions Department. The standards were broken into two types of admissions as follows: Type of Admission Standard Time to CompleteAdmission Record Unscheduled admission 30 min. Scheduled admission 10 min. The unscheduled admission took longer, since name, address, and insurance information needed to be determined at the time of admission. Information was collected on scheduled admissions prior to the admissions, which was less time consuming. The Admissions Department employs two full-time people (40 productive hours per week, with no overtime) at $15.00 per hour. For the most recent week, the department handled 88 unscheduled and 252 scheduled admissions. a. How much was actually spent on labor for the week?$ fill in the blank 1 b. What are the standard hours for the actual volume for the week?fill in the blank 2 hours c. Compute a time…Using the following variables: Company Sales Force Commission of 3% and $500,000 in Salary/Administration, and Independent Sales Rep Commission of 5%. If the company sales force and independent sales rep break-even sales volume was $50 Million, in what situation would the use of company sales force be preferred? If the sales volume was less than $5 million If the sales volume was equal to $50 Million If the sales volume was great than $50 Million If the sales volume was less than $50 MillionEvery year in September, the NFL (National Football League) announces official prices of their next Super bowl tickets. The official ticket prices for 2022 Super bowl ticket in the NFL official websites started from $6,800 per person and it was up to over $81,800 per person depending on the location of the seats from the field. However, about three fourth of all tickets were already distributed to the NFL teams. The other one fourth are distributed to the media, NFL partners and sponsors. As a result, a small fraction of a total of about 70,000 tickets were sold in the secondary market. Those tickets were available to buy and sell in the official NFL online sites and other ticket brokers. Given the limited supply of tickets available to the NFL fans to purchase, the actual prices are dominated by the wide fluctuation of demand caused by many factors such as the venue of the game, the winning teams for the championship match, the packages of tickets offered by the brokers, and the…
- Which of the following is correct about R-squared? 1. R-squared measures the goodness-of-fit of the estimated model. 2. R-squared is measured as the ratio of sum squared residuals to total sum of squares. 3. R-squared ranges between -1 to +1. 4. R-squared is measured as one minus the ratio of explained sum of squares to total sum of squares.Your client, InsureCorp, is an insurance company considering launching an ‘income insurance’ product in the island nation of Autarka. Income insurance is a product that fully insures a household against changes in income caused by a major injury or illness. At present, no businesses are selling income insurance products in Autarka. Initial market research suggests that there are 10,000 households in Autarka interested in purchasing income insurance. Your client expects that the fixed cost of launching the income insurance product will be $20,000,000 per year, and that each policy issued to a customer will cost the company an additional $1,500 in sales commissions. What is the maximum price the company can charge a household for an income insurance policy? What is the expected profit (or loss) for the company if it becomes a monopoly provider of income insurance? Is there a risk that rival insurance companies will also enter the market, selling identical income insurance products? If…The management of a manufacturing company has the following information: Revenue function: R = 1500Q – 15Q2 Profit-maximizing price is OMR 900. a\ Using the above information, determine the following: i. Profit-maximizing quantity. ii. Revenue-maximizing quantity. b\ Calculate the maximum profit if the total cost is OMR 27550.