What will the 401st unit sold contribute to profit
At a break-even point of 400 units sold, variable expenses were $4,000 and fixed expenses were $2,000. What will the 401st unit sold contribute to profit?
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In a private closed economy, the marginal propensity to save is 0.25, consumption equals income at $120 billion, and the level of investment is $40 billion. What is the equilibrium level of income
Fixed manufacturing costs are $5 per unit based on the current level of activity, and fixed selling and administrative costs are $4 per unit. A selling commission of 10% of the selling price is paid on each unit sold. what is The contribution marg
As head of the planning division of Eastern Motors, your job is to determine where to locate a new plant. The only inputs used in your cars are steel and labor and the production function is Cobb-Douglas.
Consider the salaries of professional athletes or famous actors. Is it possible that such workers may be underpaid? Analyze how the marginal revenue product of such workers might be estimated.
Now suppose that the firm's capital is fixed in the short run at 5 units with w = 1 and r = 2. Find the input of labor to produce 10 units of output.
How does the federal government implement its fiscal policies. Given economic conditions today, do you suggest expansionary fiscal policy or contractionary fiscal policy? What effect would your suggestions have on production and employment? Why?
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The following monthly data are available for the Phelps Company:what are The break-even sales for the month for the company ?
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