Problem on price mark up
A company consists $27 per unit in variable costs and $1,000,000 annually in fixed costs. Demand is predicted to be 100,000 units annually. Determine the price if a markup of 40% on total cost is used to determine the price?
Expert
Total variable cost 1, 00,000 * 27 = $27, 00,000+ Fixed Cost = $10, 00,000
Thus total cost is $37, 00,000 i.e. $37 per unit.
Thus price is 37 + 40% i.e. $51.80.
Defenders of the efficiency of monopolistic competition are mainly persuasive when they insist which: (w) consumers benefit greatly from product differentiation. (x) any inefficiency is far less harmful than that of pure monopoly. (y) pure competition
The simple circular flow model illustrates that: A) households are on the buying side of both product and resource markets. B) businesses are on the selling side of both product and resource markets. C) households are on the selling side of the resource market and on
The interest rate ____ as well as the present value of future income ____ when the preference for current income over the future income weakens. (w) falls; rises. (x) rises; falls. (y) falls; falls. (z) rises; rises. Q : Government analysts discount future When the interest rate is 10 percent yearly and government analysts discount the future benefits by a public project at 5 percent per year, then there will be an overstatement of the: (w) present value of the future benefits. (x) present value of aver
When the interest rate is 10 percent yearly and government analysts discount the future benefits by a public project at 5 percent per year, then there will be an overstatement of the: (w) present value of the future benefits. (x) present value of aver
‘Is the price of a product for instant consumption – similar to a takeaway curry – equivalent to its worth or advantage to a consumer?’
explain the concept of a concentration ratio. is the concentration ratio in a monoplistically competitive industry likely to be higher than for a perfectly competitive industry?
Features of Monopoly: A) A Single seller B) No close replacement available. C) No freedom for entry of new firms. D) Possibility of price discrimination.
An increase in the income of consumer X leads to a fall/down in the demand for that good by the consumer. What is good X termed? Answer: Normal good
The marginal utility (MU) of a good: (1) Was first introduced by Adam Smith. (2) Is simply measured in dollars. (3) Is determined by society as an entire. (4) Reflects subjective preferences. Can someone help me in getting through
Whenever an on-line seller deceived you into buying a faulty ‘fully preloaded’ iPod, you encompass lost since of: (1) Moral hazard. (2) Rational ignorance. (3) Adverse selection. (4) Bait-and-switch deception. (5) Cognitive dissonance. Discover Q & A Leading Solution Library Avail More Than 1447484 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads No hassle, Instant Access Start Discovering 18,76,764 1938730 Asked 3,689 Active Tutors 1447484 Questions Answered Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!! Submit Assignment
18,76,764
1938730 Asked
3,689
Active Tutors
1447484
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!