Sales ( 30,000 caps @ $50)- 1,500,000 Less vairable expenses- 900000 contribution margin- 600000 less fixed expenses- 280000 net income- 320000 Find the contribution margin and the break even point in both units and dollars.
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Define opportunity costs, accounting costs and economics costs. Solve this problem: You must choose between sports training or working full time. If you choose sports training, you will have less of a social life. You will also pay $20,000 per year for training, but you will get a $15,00 grant. Food and rent is $10,000 a yea
If a country is said to be self-sufficient, will it need an economic system? Explain. What are three economics problems caused by scarcity?
Look at the concept of opportunity cost. Provide an example of how it relates to electronics retail sales. Explain how the concepts relate to why you are getting a degree?
I need some assistance to the questions below. Please help. Thank you. Economists are often criticized for making assumptions. Why are assumptions necessary? To think about this, you might consider an assumption that is often made: people are ratonal. Do you think that people are rational, and how could you construct a model
I have to compare and contrast universal and targeted educational vouchers programs for grades K-12 in the united states. I am not able to find any information on these two specific types of school vouchers.
Page 219 1.- Visual analysis is used to communicate the impact of an intervention in visual form. What are the three primary ways that the pattern of scores established during a baseline or intervention stage may be viewed? When is each of them best used? What information is conveyed and what information may be omitted by ch
Suppose nominal GDP of $566 billion in 1992, $600 billion in 1993, and $642 billion in 1994. If 1992 is the base year, the prise index is 105 in 1993, and real growth in 1994 is 3 percent, what is the price index in 1994?
Suppose hamburgers cost 1.50 last year and 1.65 this year, and the overall price index (the GDP deflator )rose for 125 last year to 150 this year. a. How much will 1,000 hamburgers contribute to this year's nominal GDP? b. How much will 1,000 hamburgers contribute to this year's real GDP? c. What was the rate of inflation dur
1. If the demand elasticity for a product is -2, and a profit-maximizing firm sells the product for $10, what is its marginal cost? 2. How would each of the following affect the firm's marginal, average, and average variable cost curves? (1) an increase in wages (2) a decrease in material costs (3) the government impos
Three specific business problems that can be addressed through the use of "influence tactics."
A) What is the economic life of the machine? b) What is the equivalent annual cost over that life? Now assume that the MARR is 5%. c) What is the economic life of the machine? d) What is the equivalent annual cost over that life? e) Explain the effect of decreasing the MARR.
A certain machine costs $25,000 to purchase and install. It has salvage values and operating costs as shown in the table in the attached file. The salvage value of $20,000 listed at time 0 reflects the loss of the installation costs at the time of installation. The MARR is 12%. Life in Years Salvage value Operating cost 0 $2
What does it mean to say that the marginal propensity to consume increases with income? Is this typically the case? Explain.
Is there a relationship between the elasticity of demand and revenue? Explain.
U.S. Airways owns a piece of land near the Pittsburgh International Airport. The land originally cost U.S. Airways 375,000$. The Airline is considering building a new training center on this land. U.S. Airways has determined that the proposal to build new facility is acceptable if the original cost of the land is used in the ana
Tennis Products, Inc., produces three models of high-quality tennis rackets. The following table contains recent information on th4e sales, costs, and profitability of the three models: Model Average Quantity Sold (Units/month) Current Price Total Revenue Variable Cost per unit Contribution margin per unit Contribution Marg
Ajax Cleaning Products is a medium-sized firm operating in an industry dominated by one very large firm-Tile King. Ajax produces a multi-headed tunnel wall scrubber that is very similar to a model produced by Tile King. Ajax has decided to charge the same price as Tile King to avoid the possibility of a price war. The price char
Question1: The EPA is interested in implementing a policy to increase the amount of "brownfield" remidiation. Each policy possesses separate benefits listed below (attachment) over a 5 year horizon. Cost of implementation is 10 million. Which policy would you recommend with a discount rate of 20%? (see attachment) Quest
1) Ridgley Custom Metal Products (RCMP) must purchase a new tube bender. RCMP's MARR is 11%. They are considering two models (see first table in attached file). a) Using the present worth method, which tube bender should they buy? b) RCMP has discovered a third alternative, which has been added to the table (see second tab
Enrique is planning a trip around the world in three years. He will sell all of his possessions at that to fund the trip. Two years ago, he bought a used car for $12,500. He observes that the market value for the car now is about $8300. He needs to know how much money his car will add to his stash for his trip when he sells it t
Caculate the total change in a years GDP: On March 31, you decide to stop throwing away $50 a month on convenince store nachos. You buy $200 worth of equipment, corn meal, and cheese, and make your own nachos for the rest of the year.
During the 1990s, the age cohort that grew the most rapidly was the 45-54 cohort, which has the highest saving rate. Yet during that same period, the personal saving rate as reported by BEA declined sharply. I'm not sure I understand what factors account for this divergence?
There are four basic components of the AD curve: Consumption, Investment, Government Expenditures, and Net Exports. Of these four components what one of them is currently negative? (This is not related to the Deficit that we hear so much about.) What suggestions do you have that would bring this one component th
State whether the following actions will increase, decrease, of have no change to GDP: a. The US legalizes gay marriages b. An individual sells her house on her own c. An individual sells his house through a broker d. Government increases Social Security payments e. Stock prices rise by 20% f. An unemployed worker gets a j
What three problems must an economic system solve?
Is a strong U.S. dollar good for the U.S. and global economies? Explain.
Q xd = 10,000 - 2 Px + 3 Py - 4.5M Px = $100 Py = $50 M = $2000 How much of good X is consumed? (100, 500, 950 1100)
Question: Assume that government purchases decrease by $10 billion, with other factors held constant. Calculate the change in the level of real GDP demanded for each of the following values of the MPC. Then calculate the change if the government, instead of reducing its purchases, increased autonomous net taxes by $10 billion.
An increase in the price level will a. shift the aggregate expenditure function upward b. shift the aggregate expenditure function downward c. result in a movement upward along the aggregate expenditure function d. result in a movement downward along the aggregate expenditure function e. change the slope of the aggregate ex
If autonomous consumption rises by $0.8 trillion and the marginal propensity to consume (MPC) equals 3/4, the equilibrium level of output demanded will rise by a. $0.2 trillion b. $0.6 trillion c. $1.07 trillion d. $2.4 trillion e. $3.2 trillion