The average variable cost per unit is 60 cents
Total costs= fixed costs + (variable costs x number of units)
Solve where x= variable cost per unit
$120= $60 + $100x Subtract 60 from both sides
60 = 100x Divide by 100
x = $0.60
To calculate the total variable cost with given average fixed costs of $60 and average total costs of $120 at an output of 100, you subtract the average fixed cost from the average total cost to find the average variable cost, and then multiply by the output to find the total variable cost, which is $6000.
To find the total variable cost given the average fixed costs and average total costs for a certain output, we will use the following definitions:
Average total costs (ATC) is the sum of average fixed costs (AFC) and average variable costs (AVC). Mathematically, ATC = AFC + AVC. Since we are given that AFC = $60 and ATC = $120 when output (Q) is 100, we can substitute these values into the equation to get $120 = $60 + AVC. Solving for AVC gives us AVC = $120 - $60, so AVC = $60. We can then calculate the total variable cost (TVC) by multiplying the AVC by the output Q: TVC = AVC * Q. Substituting AVC = $60 and Q = 100, we have TVC = $60 * 100, which equals $6000. Therefore, the total variable cost when the output is 100 is $6000.
Warner manufacturing reported sales of $2,000,000 last year (100,000 units at $20 each), when the break-even point was 80,000 units. warner's margin of safety ratio is
a. 20%.
b. 25%.
c. 80%.
d. 120%.
The correct answer for sure is B hope it helps
Warner's margin of safety ratio is 20%. The margin of safety is defined as the difference between profitability and the break-even point. Current sales minus the breakeven point divided by current sales is the margin of safety formula.
Why is it called the margin of safety?The safety margin is so named because it functions similarly to a buffer. This is the number of sales that a company or department can lose before it begins to lose money. By definition, the operations are profitable as long as there is a buffer.
Given
Sales = $2,000,000 (100,000 units x 20)
break-even point = $160,000 ( 80,000 units x 20)
Required to calculate margin of safety ratio =?
the margin of safety ratio = Sales - break-even point/sales
= 2,000,000 - 1,600,000/2,000,000
= 20%
Thus, the margin of safety is 20%. It warns management of the impending loss. A lower margin of safety may force the company to reduce budgeted spending. A high margin of safety, in general, ensures protection from sales fluctuations.
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What is the process of moving agricultural products from the source of production to the end consumer?
Agricultural marketing covers the activity of getting the an agricultural product from the fom to consumers
The process of moving agricultural products from the source of production to the end consumer involves harvesting, processing, distribution, and consumption. It includes steps such as transportation, packaging, and transformation of raw products into consumer-ready goods.
Explanation:Process of Moving Agricultural ProductsThe process of moving agricultural products from the source of production to the end consumer involves several steps. Firstly, harvesting the crops or raising livestock takes place at the farm level. Then, the products are transported to processing facilities for cleaning, packaging, and transformation into consumer-ready goods. After processing, the products are distributed to wholesalers, retailers, or directly to consumers through various transportation modes like trucks, trains, ships, or airplanes. Finally, the products reach the end consumer through stores, markets, or online platforms.
ExamplesAn example of this process is the journey of a banana from a plantation to a grocery store. After being harvested, the bananas are transported to a processing facility for cleaning and packaging. Once the packaging is done, the bananas are sent to a distribution center where they are loaded onto trucks. The trucks then transport the bananas to different grocery stores where consumers can buy them.Another example is the movement of grain from a farm to a flour mill. The farmer harvests the grain and transports it to a nearby mill. At the mill, the grain is transformed into flour and packaged. The flour is then distributed to various retail stores or bakeries where it can be purchased by the end consumer.Learn more about The process of moving agricultural products from the source of production to the end consumer. here:https://brainly.com/question/35916487
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Jim, who has an internal locus of control, failed his last history test. jim is apt to respond to the failing grade by
The answer is: by telling himself that he didn’t study hard enough for the test.
An individual with an internal locus of control would believe that they have control over the events that occur in their lives. This is a concept that was theorized by Julian B. Rotter, together with its opposite, external locus of control. Individuals with external locus of control tend to believe that they have no control over their lives – that life is controlled by outside factors that they cannot do anything about.
How many full-time volunteers are donating their time in the US, if you add up the average 3 hours that the 100 million volunteers are donating?
Answer:
7.5 million equivalent full-time volunteers
Explanation:
The total hours volunteered is 3 hours * 100 million volunteers = 300 million hours
If you assume a full-time work week of 40 hours, divide the hours volunteered to find the equivalent number of full time workers.
300 million / 40 = 7.5 million
The interest rate effect can be described as an _____
increase in the price level
Kimlon informatics is owed $5,000 from a client for its services. the recovery period is 100 days, but kimlon needs the money immediately. it sells the right of collecting money from its client to quikcollect, a collection agency. here, kimlon informatics is the
Answer:
Assignor
Explanation:
An assignor is someone who transfers their rights of ownership in something to another party. In this case Kimlon transfers their right to collect the debt from the client.
Compared with higher inflation rates, a lower inflation rate will the after-tax real interest rate when the government taxes nominal interest income. this tends to saving, thereby the quantity of investment in the economy and the economy's long-run growth rate.
A lower inflation rate will increase the after-tax real interest rate when the government taxes nominal interest income. This tends to reduce saving, thereby reducing the quantity of investment in the economy and the economy's long-run growth rate.
What is investment?
A purchase made with the intention of generating income or capital growth is known as an investment. An asset's value increasing over time is referred to as appreciation. When a person invests in a good, they do not intend to use it as a source of immediate consumption, but rather as a tool for future wealth creation. An investment always involves the expenditure of some resource today—time, effort, money, or an asset—in the anticipation of a future return greater than the initial investment. For instance, an investor might buy a financial asset right away with the hope that it will generate income later on or that it can be sold for a profit at a higher price. The purpose of investing is to produce income and build value over time. Any method for generating potential future income can be referred to as an investment. Buying bonds, stocks, or real property are a few examples of this. A property which can be used to produce products can also be bought and regarded as an investment.
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President theodore roosevelt coined the term yellow journalism
a. True
b. False
B. false is the answer
Hi!
I think the correct answer is...
True! Hoped it helped!
This is an organization of workers that negotiates with employers for better pay
working conditions.
affirmative union
cooperative union
labor union
collective union
This is a labor union by definition
Final answer:
A labor union negotiates for better pay and working conditions on behalf of its members, often using collective bargaining and strikes. It tries to balance the power between workers and employers and secure favorable terms such as higher wages and safe work environments.
Explanation:
The correct answer to your question is a labor union. A labor union is an organization of workers that negotiates with employers for better pay and working conditions, operating like a monopoly in the labor market. This negotiation process is often referred to as collective bargaining. Labor unions aim to equalize the balance of power between workers and employers by bringing workers together as a collective entity, rather than individuals dealing with employers separately.
When unions represent workers, they may employ various strategies, including the organization of strikes, to strengthen their position in securing favorable outcomes for their members. The primary work of a union is to negotiate aspects such as wages, work rules, complaint procedures, promotions, benefits, and workplace safety with company management.
In the United States, union workers often receive higher compensation than non-union workers with similar education and experience. However, union membership in the U.S. has seen a decline for various reasons, including the shift in jobs to service industries and increasing global competition.
Managers perform an external analysis so that they know about ________.
a. what the competition is doing
b. what customers want
c. their organization's core competencies
d. the firm's basic beliefs and ethical priorities
I feel I feel the answer would be b. What customers want
Managers conduct external analysis to understand what the competition is doing and what customers want. This aids in strategic decision-making for the company. Core competencies and beliefs/ethical priorities form part of internal analysis.
Explanation:Managers perform an external analysis mainly with the purpose of understanding a. what the competition is doing and b. what customers want. These two aspects are crucial as they guide the strategic decision-making of a company and enable the organization to position its offerings in a manner that aligns with customer needs and competitive trends.
Option c. their organization's core competencies relates more to the internal analysis, helping to decipher what the organization can do best and where it has competitive advantages. Similarly, d. the firm's basic beliefs and ethical priorities also fit under internal analysis as they define the company's organizational culture and its ethical standpoint.
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When would it be a good idea to invest your money instead of putting it in a savings account?
It's generally a good idea to invest your money instead of leaving it in a savings account when you're aiming for long-term financial goals and want your wealth to grow faster.
Savings accounts typically offer lower interest rates, often failing to keep up with inflation, meaning your money's purchasing power may decrease over time.
Investing in assets like stocks, bonds, or real estate has the potential for higher returns over the long run, albeit with more risk. The ideal time to invest is when you have an emergency fund in place, a stable source of income, and a long investment horizon. Additionally, consider your risk tolerance and financial goals when deciding to invest. Diversifying your portfolio and seeking advice from a financial advisor can help you make informed investment decisions that align with your objectives.
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Investing may be a better option than savings when aiming for higher returns, after setting aside an emergency fund, and when one can handle higher risks. Compound interest and the rate of return are key considerations in deciding to invest funds for long-term growth.
Investing money rather than keeping it in a savings account can be a smart financial decision when seeking higher returns. Warren Buffet recommends paying yourself first—a practice of saving and investing before handling other expenses. Savings might be for short-term goals or an emergency fund, while investing is directed towards assets like stocks, bonds, or real estate that can potentially offer higher rates of return but also come with higher risks.
An important strategy is to understand the opportunity cost of holding money. Funds kept in savings accounts typically earn less interest than if invested in the market. As for retirement, a combination of stocks, bonds, and possibly annuities is commonly used to ensure an adequate income in old age. Starting to save and invest early gives the power of compound interest the opportunity to work in your favor, as investments can grow significantly over long periods.
In summary, it might be advantageous to invest when you're aiming for growth above inflation, when you've already built up an emergency fund, and when you can manage the additional risk. Considering the potential rate of return and your personal financial goals will guide you on whether to place funds in savings or to invest.
If you burn your trash in the back yard in spite of regulations against it, then you are
A) acting economically irrationally and creating a social cost.
B) avoiding the private costs associated with disposing your trash some other way and creating a social cost.
C) acting rationally and creating a positive externality.
D) saving landfill space and creating a social benefit.
The correct answer is choice b.
By burning your trash in the backyard in spite of regulations against it you are avoiding the private costs associated with disposing your trash some other way and creating a social cost. The social cost would be the air quality of your neighbors who are breathing in the smoke from the burning trash.
Burning trash in the backyard against regulations creates negative externalities, leading to inefficiency in resource use. The correct answer is B.
When burning trash in the backyard in defiance of regulations, the individual is avoiding the private costs associated with proper disposal and creating a social cost. This action leads to negative externalities, where the marginal private cost is less than the marginal social cost, causing inefficiency in resource use.
A low-risk investment might have a high price if
It is in great demand
It belongs to a new company
It protects the initial investment
It guarantees profits
Answer:
A) It is great in demand
The major factor which would make a low-risk investment have a high price is if:
A. It is in great demandAccording to the given question, we are asked to state the major factor which would make a low-risk investment have a high price
As a result of this, we can see that a low risk investment would likely have a high price if the investment is in great demand and a lot of people want it. This would be a testament to the laws of demand and supply.
Therefore, the correct answer is option A
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When the economy is weakening the fed is likely to decrease short-term interest rates?
Yes, generally speaking lower interest rates stimulate the economy by increasing borrowing and thus spending.
The sherman, clayton, and robinson-patman acts are all federal laws that were initially adopted to curb the formation of ________. limited partnerships monopolies competitive markets oligopolies international markets
Formation of 34%. Why am I so smart?
Government policy can potentially raise economic well-being
a. in all markets for goods and services.
b. in economic models, but not in reality.
c. when a good does not have a price attached to it.
d. never.
When a good does not have a price attached to it. It would seem that the logic behind this is by not attaching a price goods are more widely availible
Economic well-being refers to the activities of the people that are involved in the economic activities and their contribution to the economy. The people in the economy fulfill their needs and demands as well play a vital role in the development of the economy by contributing some part to it.
The correct option is c. when good does not have a price attached to it.
Option c. when good does not have a price attached to it is correct because when the goods will not be attached with the tag price the government would be able to provide the goods at reasonable costs to the people who cannot afford them.
Options:
a. In all markets for goods and services.
b. In economic models, but not in reality.
d. Never.
These options are wrong because they do not provide the reason for the economic well-being by potentially helping the government policies. They do not help the government to make the goods and services affordable for the people.
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Juanita heard an argument in favor of increasing taxes in her local municipality. at the end of the presentation, she learned that the argument had been generated by a high school dropout who didn't even live in the same city she did. at that time, she disregarded the message and was not persuaded. according to the sleeper effect, how is juanita likely to feel about the proposal one month later?
Later on, she will feel more favorably toward the message than she did at first.
The sleeper effect says that when people are exposed to a persuasive message followed by a discounting cue (like a less-credible high school dropout) they will initially feel less persuaded by the message but over time will become more persuaded. Even though it was a good idea, Juanita discounted the message because a dropout came up with the idea. Over time, she realized that it was a good idea no matter who proposed it.
An office building is what type of resource
man-made resource
hope i was right!
A structure is used primarily for the conduct of business relating to the administration, clerical services, consulting, and other client services not related to retail sales. Office buildings can hold single or multiple firms. Making it to be a man-made resource.
Most small business ventures are in the _____ category of the entrepreneurial strategy matrix.
ANSWER:
Most small business ventures are in the low innovation/high risk category of the entrepreneurial strategy matrix.
~batmans wife
Gantt charts cannot be used to aid project quality management.
a. True
b. False
A the answer is true
The statement is false; Gantt charts can aid project quality management by assisting with planning, scheduling, tracking progress, showing task dependencies, resource allocation, visualization, and adjustments.
Gantt charts are indeed useful for project quality management in several ways:
Planning and scheduling: Gantt charts help in laying out a clear timeline for project tasks, ensuring that all quality-related activities are scheduled properly.Tracking progress: They allow project managers to monitor the actual progress of tasks compared to the planned schedule, highlighting any areas where quality may be compromised.Task dependencies: Gantt charts show which tasks are interdependent, ensuring that quality assurance steps are properly sequenced and integrated.Resource allocation: They help in assigning proper resources to quality management tasks, ensuring that all necessary quality checks are carried out effectively.Visualization: The visual nature of Gantt charts makes it easier to communicate the project's status and quality management processes to the team and stakeholders.Adjustments: Any changes in schedules can be easily made and communicated through updated Gantt charts.Therefore, Gantt charts are an invaluable tool in project management, including quality management.
Julia wants to use positive reinforcement and decides to pay bonuses to her employees when a new customer contract is signed. julia is using
Fixed interval reinforcement, the interval is fixed with every new customer contract.
A contract clause which specifies the amount of damages to be paid in the event of a breach is called:
A. a covenant of damages clause.
B. a reliance interest of damages clause.
C. a liquidated damages clause.
D. an incidental damages clause.
A contract clause which specifies the amount of damages to be paid in the event of a breach is called C. a liquidated damages clause.
A contract clause is a specific section that is added into a clause and addresses specific subject matters or topics. These clauses are normally added to make sure each section understands and performs their duties.
A contract clause which specifies the amount of damages to be paid in the event of a breach is called: C. a liquidated damages clause.
This type of clause is used to estimate the damages that would result from a breach, and both parties accept this amount when they enter into the contract.
The purpose of a liquidated damages clause is to provide certainty and reduce the need for litigation to determine the amount of actual damages.
For the clause to be enforceable, the specified amount must be a reasonable estimation of the potential loss that the non-breaching party would suffer. If the amount is deemed to be excessive, it may be considered a penalty and therefore unenforceable.
A university is trying to determine what price to charge for tickets to football games. at a price of $30 per ticket, attendance averages 40 comma 000 people per game. every decrease of $5 adds 10 comma 000 people to the average number. every person at the game spends an average of $5.00 on concessions. what price per ticket should be charged in order to maximize revenue? how many people will attend at that price?
To maximize revenue for football games, the university should charge $25 per ticket, leading to 60,000 attendees.
To maximize revenue, we need to find the optimal ticket price based on the given information:
At $30 per ticket, attendance is 40,000.
For every $5 decrease, 10,000 more people attend per game.
Each person spends $5 on concessions.
The price per ticket that maximizes revenue is $25, with 60,000 people attending at that price.
To determine the optimal price per ticket that maximizes revenue, we need to consider the relationship between ticket price, attendance, and concession spending.
Let's denote the ticket price as P and the attendance as A. The revenue from ticket sales is given by the product of the ticket price and attendance, R = P * A. Additionally, each person spends $5 on concessions, so the total concession revenue is 5 * A. Therefore, the total revenue is R_total = R + 5 * A.
Given that at a price of $30 per ticket, attendance averages 40,000 people, we can express attendance as a function of the ticket price:
A(P) = 40,000 + 10,000 * (30 - P) / 5
This is because for every $5 decrease in the ticket price, attendance increases by 10,000 people. Simplifying the expression, we get:
A(P) = 40,000 + 2,000 * (30 - P)
Now, we can express the total revenue as a function of the ticket price:
R_total(P) = P * A(P) + 5 * A(P)
R_total(P) = P * (40,000 + 2,000 * (30 - P)) + 5 * (40,000 + 2,000 * (30 - P)
Expanding the equation, we get:
R_total(P) = 40,000P + 600,000 - 2,000[tex]P^2[/tex] + 200,000 + 100,000 - 10,000P
Combining like terms, we have:
R_total(P) = -2,000[tex]P^2[/tex] + 30,000P + 700,000
To find the price that maximizes revenue, we need to take the derivative of the total revenue function with respect to P and set it equal to zero:
dR_total/dP = -4,000P + 30,000 = 0
Solving for P, we get:
P = 30,000 / 4,000
P = $7.50
However, this price is not realistic given the initial conditions (the starting price is $30), so we need to find the maximum revenue within the realistic range of prices. We can do this by testing prices at $5 increments starting from $30 and calculating the revenue for each price point.
Let's calculate the revenue for a few price points:
- At $30, A = 40,000, R_total = $30 * 40,000 + $5 * 40,000 = $1,600,000
- At $25, A = 40,000 + 10,000 = 50,000, R_total = $25 * 50,000 + $5 * 50,000 = $1,500,000
- At $20, A = 40,000 + 2 * 10,000 = 60,000, R_total = $20 * 60,000 + $5 * 60,000 = $1,500,000
- At $15, A = 40,000 + 3 * 10,000 = 70,000, R_total = $15 * 70,000 + $5 * 70,000 = $1,450,000
We can see that the revenue increases as the price decreases from $30 to $25, but then it starts to decrease. Therefore, the optimal price is $25 per ticket.
To find the attendance at this price, we use the attendance function:
A($25) = 40,000 + 2,000 * (30 - $25) = 40,000 + 2,000 * 5 = 50,000
Thus, the optimal price per ticket is $25, and the number of people who will attend at this price is 50,000.
A closed economy has income of $1,000, government spending of $200, taxes of $150, and investment of $250. what is private saving?$100
An example of an externally identified problem would be management voicing concern about the organization's lack of a competitive edge in the marketplace.
a. True
b. False
Ihope it helps you
ithink the answer is true !!!
A no-haggle pricing policy is a type of _______________ pricing strategy.
This is a customer-oriented pricing model. It seeks to set a fair price in advance that both the customer and company will be happy with and to avoid the stress and difficulty of bargaining to get the desired price.
_____ is the method of determining what a business will get in exchange for its products. Supply Command Pricing Market
Pricing
This is the amount that a business determines it needs to charge in order to cover all expenses and still make a profit.
Suppose a stock had an initial price of $105 per share, paid a dividend of $2.50 per share during the year, and had an ending share price of $129. compute the percentage total return. (do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places,
e.g., 32.16.) percentage total return % what was the dividend yield? (do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places,
e.g., 32.16.) dividend yield % what was the capital gains yield? (do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places,
e.g., 32.16.) capital gains yield
Percentage of total return is 25.24%
Percentage of total return is calculated by:
[(new price - old price) + dividends] / old price
(129-105) +2.5 /105
(24+2.5)/105
=.25238095
As a percent: 25.24%
The total return is 24.76%, the dividend yield is 2.38%, and the capital gains yield is 22.86%.
Explanation:The total return from a stock consists of both capital gains yield (or price return) and dividend yield. The formula for total return is ((ending price - beginning price + dividends) / beginning price) x 100. Given a beginning price of $105, an ending price of $129, and dividends of $2.50, we can compute the total return as follows: ((129 - 105 + 2.50) / 105) x 100 = 24.76%. The dividend yield can be computed as (dividends / beginning price) x 100, which in this case would be (2.50 / 105) x 100 = 2.38%. The capital gains yield is the percentage increase in the price of the stock, which can be computed as ((ending price - beginning price) / beginning price) x 100. So, capital gains yield = ((129 - 105) / 105) x 100 = 22.86%.
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There was an extensive black market (illegal market) for many consumer products in the united states during world war ii. a likely explanation of the black market is that:
When the primary markets can not meet consumer demand a black market is created. It could be because the supply of a good can’t meet the demand. It could also be that prices in the primary market are too high.
The essential requirement for different businesses to qualify as being related is that
The answer is their value chains possess competitively valuable cross-business relationships. For different businesses to be related they need to create value for each other.
An example of this would be a company that manufactures chocolate also has a subsidiary business where they sell ready-to-eat chocolate-based drinks. This means that both businesses create value for each other, where one is the provider of raw material while the other is the customer who buys them.
Businesses qualify as related through economies of scope and substitute/complementary product relationships.
Businesses qualify as being related when their goods and services are similar in nature or utilize similar resources, production processes, or knowledge, leading to economies of scope. This helps in creating substitute and complementary product relationships that impact demand forecasting and market strategy.