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Papessa [141]
1 year ago
5

The sea wharf restaurant would like to determine the best way to allocate a monthly advertising budget of $1000 between newspape

r advertising and radio advertising. management decided that at least 25 percent of the budget must be spent on each type of media and that the amount of money spent on local newspaper advertising must be
Business
1 answer:
Andreas93 [3]1 year ago
5 0
From what I understood in the problem, the total budget that covers all types of media is only $1,000 per month. For the allocation, each type of media would get at least 25% of the budget. If we infer on this information, there should only be 4 types of media, at least. This is because four 25% portions would equal to 100%. If it exceeds 25% for each of the four types, it would be over the $1000 budget. With that being said, it is also possible that there will be 3 or 2 types of media. Nevertheless, let's just stick to the least assumption of 25% for each of the 4 types.

If local newspaper advertising is one of the four types, then:

$1000(25%) = $250

It would get $250 from the overall budget.
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Chuck Diesel Burger is a food truck in Houston, Texas. Imagine that Chuck Diesel Burger’s minimum average total cost (ATC) is $3
Trava [24]

Answer:

The answer is: $3.00

Explanation:

In order for Chuck Diesel Burger to make a profit it must sell its product at ˃$3.75.

If it sells its product at $3.75 it will break even (costs = revenue).

If its price is <3.75 but ˃$2.50 it will lose money but still produce, since its revenue is ˃ than its variable cost.

Any price ≤$2.50 would make it impossible for Chuck Diesel Burger to continue production since its revenue is < variable production costs.

5 0
2 years ago
In a given amount of time John can produce either 40 pounds of vegetables or 10 pounds of chicken. In the same amount of time Ge
aleksandrvk [35]

Answer:

Ten pounds of chicken to trade for at least <u>40</u> pounds of vegetables but not more than<u> 50</u> pounds of vegetables

Explanation:

                  Vegetables        Chicken        Trade Off Ratio

John             40                     10                4:1 (40/10) or 1:0.25 (10/40)

George          25                      5                 5:1 (25/5) or 1:0.20 (5/25)

John has comparative advantage in Chicken and George has comparative advantage in Veggies because :

  • John's chicken opportunity cost, in veggies < George (4<5). George's veggies opportunity cost, in chicken < John (0.20<0.25).
  • George is more (5X) productive in veggies than chicken, than John (4X). John is less unproductive in chicken than veggies (1/4th), compared to George (1/5th).  

So,  John will sell Chicken to George & George will sell veggies to John. Gains from trade are when each get trade ratio better than their their own trade off ratio.

  • It implies: John gets >' 4 pounds veggies per chicken pound' and George gets > '0.20 pound chicken per veggie pound'.
  • Unitary method:-  '1chicken : 4veggies' = '10chickens : 40veggies' and '0.20chicken : 1veggie' = '10chickens : 50 veggies' .

7 0
1 year ago
You post that you are the best personal trainer on a social networking site. People Google your name and learn that you are an a
Brums [2.3K]

Answer:

association

Explanation:

Based on the information provided within the question it can be said that in this scenario your online face has an association. Meaning that people associate your online face to an accomplished and certified trainer with years of experience. Therefore when someone see's your face that is the first thing that is going to come to mind.

5 0
2 years ago
Johnson Marine has the following costs and expected sales for the coming year. Johnson is considering a number of different meth
velikii [3]

Answer:

$375

Explanation:

If Johnson will use the desired gross margin percentage to determine the selling price of its products, they must use the following formula:

selling price per unit = total manufacturing costs per unit / (1 - gross margin)

Total manufacturing costs = variable manufacturing costs + total fixed costs + batch level fixed overhead = $2,350,000 + $1,200,000 + $200,000  = $3,750,000

total manufacturing cost per unit = $3,750,000 / 20,000 units = $187.50

selling price per unit = $187.50 / (1 - 50%) = $187.50 / 50% = $375

7 0
1 year ago
You move 18% of your online checking account balance of $2,525 to your savings account. How much of your checking account did yo
dusya [7]

Answer:

$454.50

Explanation:

18% X $2525 = $454.5

8 0
2 years ago
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