| | | | | * Question 4 2 out of 2 points | | | Using the data below, determine the amount of consumer surplus, if any, in the market. The market clearing price for matinee tickets is $3 | Matinee TicketsWilling to Pay(WTP) | Tony | $1 | George | $2 | Deshon | $3 | Mario | $4 | Antonio | $5 | Brittney | $6 | | | | | | Selected Answer: | $6 | | | | | * Question 5 2 out of 2 points | | | Examine the graph below. The government has placed a $200 tariff on product z. The new equilibrium price is $600. What has happened to consumer surplus?
After adding $15,300 to the $15,000 in savings, the cash flow for year 2 would equal $30,300. For year 3, the depreciation expense would equal $85,000 * .15, or $12,750. The tax on the year 3 deprecation would then be $12,750 * .40, which equals $5,100. After adding $5,100 to the $15,000 in savings, the cash flow for year 3 would equal
This is a 30-percent sales tax. Or, "I spent a dollar, 77¢ for the product and 23¢ in tax." This rate, when programmed into a point-of-purchase terminal, is 30 percent. Note that no matter which way it is quoted, the amount of tax is the same. Under an income tax rate of 23 percent, you have to earn $130 to spend $100.
This equals $71.55. I then multiplied $71.55 x $.20. This equals $14.31 (the discount price). In my last step, I calculated $71.55 - $14.31. This equals $57.24 the final price after the 6% tax and the 20% discount.
Determine the total contribution to profit that lies on the objective function (profit line) as it is plotted on the graph if the company produces a combination of cases of Brand X and Brand Y. The total contribution to profit that lies on the objective function if the company produces a combination of cases of Brand X and Brand Y would be $240. 40X + 30Y = P Points used
What volume is required to provide a pretax profit of $100,000? A pretax profit of $200,000? (100 X vol) – (25 X vol) – 500,000=100,000 (75 X vol) – 500,000 = 100,000 75 X vol – 600,000/75 = 8,000 Total volume = 8,000 d. Sketch out a CVP analysis graph depicting the base case situation e. Now assume that the practice contracts with one HMO, and the plan proposes a 20 percent discount from charges. Redo questions a, b, c, d, under these condition. 2.
Based on your findings in 1–5, what is your opinion about using creditbalance to predict income? Explain. 7. Compute the 95% confidence interval for beta-1 (the population slope). Interpret this interval.
a rise in the equilibrium output. a fall in the equilibrium output. Question 10 Let the marginal product of capital (MPK ) be 6; the marginal product of labor (MPL) be 2; the price of labor is given by $10. What will be the price of capital such that the isocost and the isoquant are tangent to each other? $30 $3 $60 $6 Question 11 Which of the following is a property of an isoquant?
c. What volume is required to provide a pretax profit of $100,000? A pretax profit of $200,000? d. Sketch out a CVP analysis graph depicting the base case situation. e. Now assume that the practice contracts with one HMO, and the plan proposes a 20 percent discount from charges. Redo questions a, b, c, and d under these conditions.
Hameed Electronics Company operates in the highly competitive electronics industry. Prices for its control switches are stable at $100 each. Engineering estimates indicate that relevant total and marginal cost relations for its switch model are: TC = $500,000 - $25Q + $0.0025Q2 MC = ∂TC/∂Q = -$25 + $0.005Q (a) Calculate the output level that will minimize TC. (b) Calculate the output level that will maximize the company's profit. What is this maximum profit?