Answer:
The cost function is:
Mixed cost = 3.75x + 1375
Explanation:
A mixed cost is a cost that contains an element of both the fixed and the variable cost in it. The variable element per unit in a mixed cost can be calculated using the high low method. The formula for variable cost per unit under the high low method is,
Variable cost per unit = ( Cost at highest activity level - Cost at lowest activity level) / ( units of highest activity level - units of lowest activity level)
The units of activity level here are <u>hours</u>. The highest activity level here is 10300 hours and the lowest activity level here is 5500 hours.
The variable cost per hour = (40000 - 22000) / (10300 - 5500)
Variable cost per hour = $3.75
The total fixed cost in this mixed cost = 22000 - (3.75 * 5500) = $1375
Thus the cost function is = 3.75x + 1375
Where x is the number of hours
Answer:
If Mo pays cash, the cost of the purchase will be $140.
If Mo uses the credit card and pays the full balance during the billing cycle, the cost of the purchase will be $135.80.
Explanation:
If Mo pays cash, it implies that she does not get the 3% discount she is entitled to, with the use of her credit card. Therefore, she will bear the full cost. However, if she uses the credit card, the discount is $4.20 ($1540 * 97%) and she will pay only $135.80 as the discounted price of the electronic reader.
Answer: Variable work schedule
Explanation:
Variable work schedule is a work schedule that is not fixed. Variable work schedule is a way through which the employees cover their work schedule in cases whereby they don't come to work for certain days.
In the question, Jessica is expected to work for forty-hours every week and her work schedule is from 9:00a.m to 5:00p.m. If she takes a day off, she has to make up for the day used by working extra hours. This is a variable work schedule.
Answer:
there would be a rise in equilibrium quantity and an indeterminate effect on equilibrium price
Explanation:
as a result of the scientists revelation, the demand for oranges would increase and so would the price.
as a result of the new fertilisers been used, the supply of oranges would rise and price would fall.
taking these two occurrences together, there would be a rise in equilibrium quantity and an indeterminate effect on equilibrium price
Hello. You forgot to provide the answer options. The options are:
"A) value of all goods and services produced in the economy this year B) This years prices C) value of all foods and services produced in the economy this year D) the base year's prices E) bought by consumers"
Answer:
The GDP deflator for this year is calculated by dividing the value of all goods and services produced in the economy this year using this years prices by the value of all foods and services produced in the economy this year using the base year's prices and multiplying by 100. However, the CPI reflects only the prices of all goods and services bought by consumers.
Explanation:
GDP deflator is an economic term that means "implicit price deflator". This term is defined as the price measure for any and all goods and services produced within the country, in the year in question. GDP, in turn, is directly related to this, since it represents the monetary value that each of these goods and services produced during that same year.
The GDP deflator is directly related to the CPI, which is another economic term intended to represent the consumer price index. Through the CPI, the GDP deflator is able to measure the inflation or deflation that occurred in the national economic sector for a given year.
The GDP deflator for this year is calculated by dividing the value of all goods and services produced in the economy this year using this years prices by the value of all foods and services produced in the economy this year using the base year's prices and multiplying by 100. However, the CPI reflects only the prices of all goods and services bought by consumers.
