Demand Curve: (100,50), (150, 40), (200, 30), (250, 20),
(300,10)
Supply Curve: (50,20), (100, 30), (150,...
Demand Curve: (100,50), (150, 40), (200, 30), (250, 20),
(300,10)
Supply Curve: (50,20), (100, 30), (150, 40), (200, 50), (250,
60), (300, 70)
18. What is the quantity bought and sold in the market if the
government implements a subsidy of $40/unit?
a) 100 b) 150 c) 200 d) 250
For questions 19 and 20, please use the following information
for the demand curve and supply curve:
QD =1000–2P QS =-200+P
19. What is the quantity bought and sold if...
Case Problem 2 - PRODUCTION STRATEGY Better Fitness, Inc. (BFI),
manufactures exercise equipment at its plant...
Case Problem 2 - PRODUCTION STRATEGY Better Fitness, Inc. (BFI),
manufactures exercise equipment at its plant in Freeport, Long
Island. It recently designed two universal weight machines for the
home exercise market. Both machines use BFI-patented technology
that provides the user with an extremely wide range of motion
capability for each type of exercise performed. Until now, such
capabilities have been available only on expensive weight machines
used primarily by physical therapist. At a recent trade show,
demonstration of the...
Question 1: Cost allocation
Product A
Product B
Total
sales volume (units)
180
100
280
Revenue...
Question 1: Cost allocation
Product A
Product B
Total
sales volume (units)
180
100
280
Revenue
$1,000
$6,000
$7,000
Variable costs:
direct
materials
$200
$400
$600
direct labor
$400
$1,000
$1,400
Contribution margin
$400
$4,600
$5,000
Fixed costs
$4,200
Profit
$800
a) Allocate the fixed costs between products A and B. Use
direct labor dollars as the cost driver.
allocation rate=$ per DL$
allocated costs for A=$
allocated costs for B=$
b) Compute the profit margins for products A and
B:...
5. The table below shows the town of NY’s demand schedule for
gasoline. For simplicity, assume...
5. The table below shows the town of NY’s demand schedule for
gasoline. For simplicity, assume the town’s gasoline seller(s)
incur no costs in selling gasoline.
Quantity
(in gallons)
Price
Total Revenue
(and total profit)
0
$10
$0
100
9
900
200
8
1,600
300
7
2,100
400
6
2,400
500
5
2,500
600
4
2,400
700
3
2,100
800
2
1,600
900
1
900
1,000
0
0
Based on the table below, please find all of the following:
a....
QUESTION 1
Match the correct answer to the question. Each option may be
used more than...
QUESTION 1
Match the correct answer to the question. Each option may be
used more than once.
When would Cost of Goods Sold be debited?
When would Manufacturing Overhead be debited?
When would Finished Goods be debited?
When would Manufacturing Overhead be credited?
When would Finished Goods be credited?
A.
to record actual indirect labor, actual indirect materials, rent
or accumulated depreciation on the plant, actual utility expense
incurred.
B.
when goods are finished.
C.
when good...
1. Assume that Bradley Corporation Inc. produces advanced
analytic software for computer simulations called Market-It. Based...
1. Assume that Bradley Corporation Inc. produces advanced
analytic software for computer simulations called Market-It. Based
on an analysis of product sales over a two-year period, Bradley’s
marketing department estimates the demand for Market-It to be QM =
1,200 − 8PM + 4PS, where QM denotes units sold of Market-It
software, PM denotes Market-It’s price, and PS denotes the price of
a (competing) best-selling statistical software package (with both
prices in dollars).
a) Currently, PM = $200 and PS =...
1. In the short-run IS-LM model with income taxation, taxes are
given by ?=? +??. Suppose...
1. In the short-run IS-LM model with income taxation, taxes are
given by ?=? +??. Suppose that MPC = 0.75 and the marginal tax rate
?=0.2. Then, when ? decreases by 1000, then for any given interest
rate, the IS curve shifts:
Select one:
a. to the left by 1000.
b. to the right by 3000.
c. to the right by 3750
d. to the right by 1875.
2.
Suppose that the adult population in an economy is 28 million,...