Answer:
It would rise.
The ratio of the marginal utility of ball games to the price of ball games went up compared to the ratio for movies.
the law of demand
Explanation:
According to the law of demand, the quantity of the item purchased depends on the price of the item. When the price of an item is high, the quantity purchased is less. On the other hand, if the price of an item is low, the quantity purchased becomes more respectively. The law of demand occurs because of the diminishing marginal utility. The higher the price, the lower is the demand and the lower the price, the higher is the demand.
Answer:
Expected value of Total Sales projection is $23,115.
Explanation:
First of all we calculate expected sales projection by multiplying the probability with units, then multiply it to each unit price we will get the expected sales value of each outcome. Adding expected sales value of all outcomes, we will get the total expected sales value.
Outcome Probability Units Sales Volume Price Total Sales
P U V=P x U S TS=V x S
A 0.40 350 140 $21 $2,940
B 0.10 600 60 $30 $1,800
<u> C </u> 0.50 1,050 <u>525</u> $35 <u>$18,375</u>
Total <u>727</u> <u>$23,115</u>
Expected Total Sale projection is 727 units and value is $23,115
We are given that:
Annual Demand, D = 150,000
Cost per Order, S = 93
Carrying Cost, H = 1.5
We can use the EOQ formula to get the answer:
EOQ = √(2*D*S/H)
EOQ = √(2*150000*93/1.5)
<span>EOQ = 4312.77 = 4313 balls</span>
Answer:
b. $1,500
Explanation:
The computation of the total amount of manufacturing overhead is shown below:
= Assembly department + Fabrication department
where,
Assembly department equals to
= $30 × 40 machine hours
= $1,200
Fabrication department would be
= $12 × 25 direct labor hour
= $300
So, the total manufacturing overhead would be
= $1,200 + $300
= $1,500
