Business, 15.04.2021 15:20 pamisueparke
Kalamazoo Competition-free Concrete (KCC) is a local monopolist of ready-mix concrete. Its annual demand function is Qd = 16,000 – 200P, where P is the price, in dollars, of a cubic yard of concrete and Q is the number of cubic yard sold per year. Suppose that Kalamazoo’s marginal cost is $20 per cubic yard and its avoidable fixed cost $100,000 per year. What is its profit-maximizing sales quantity and price? How would your answer change if Kalamazoo had an avoidable fixed cost of $200,000 a year? What if that $200,000 fixed cost were instead sunk? [Hint: Recall that when the fixed cost is sunk, the monopolist has to pay $200,000 in cost even if he decides to shut down.]
Answers: 1
Business, 21.06.2019 17:10
Titus manufacturing, inc. provided the following information for the year: purchases - direct materials $91,000 plant utilities and insurance 68,000 indirect materials 11,170 indirect labor 4270 direct materials used in production 99,000 direct labor 117,500 depreciation on factory plant & equipment 4000the inventory account balances as of january 1 are given below. direct materials $44,000 work-in-progress inventory 10,000 finished goods inventory 50,000what is the ending balance in the direct materials account? $135,000 $36,000 $110,170 $6000
Answers: 3
Business, 21.06.2019 19:30
Consumer surplus is: the difference between the price of a product and what consumers were willing to pay for the product. the difference between the discounted price of a product and its retail price. the difference between the price paid by consumers and the price required of producers. the difference between the price of a product and consumers' valuation of the last unit of the product purchased.
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Business, 22.06.2019 14:30
In our daily interactions we can find ourselves listening to other people solely for the purpose of finding weakness in their positions so that we can formulate a convincing response. select one: true false
Answers: 1
Business, 22.06.2019 15:10
Popeye produces 20 cans of spinach in 8 hours. wimpy produces 15 hamburgers in 10 hours. if each hamburger trades for 1.5 cans of spinach, then: a.wimpy’s production and productivity are greater than popeye’s. b.popeye’s production is greater than wimpy’s, but his productivity is less. c.wimpy’s production is greater than popeye’s, but his productivity is less. d.popeye’s production and productivity are greater than wimpy’s.
Answers: 3
Kalamazoo Competition-free Concrete (KCC) is a local monopolist of ready-mix concrete. Its annual de...
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