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olasank [31]
1 year ago
15

Suppose that at prices of $1, $2, $3, $4, and $5 for product Z, the corresponding quantities supplied are 3, 4, 5, 6, and 7 unit

s, respectively. Which of the following would increase the quantities supplied of Z to, say, 6, 8, 10, 12, and 14 units at these prices?A. improved technology for producing ZB. an increase in the prices of the reasources used to make ZC. an increase in the excise tax on product ZD. increase in the incomes of the buyers of Z

Business
1 answer:
klio [65]1 year ago
4 0

Answer:

A.

Explanation:

An improve in technology will allow firms to produce in an effective way therefore, with the same resources, firms will produce more units. This will cause an increase in total supply: at the same price, firms will offer more units. In this case, at prices $1, $2, $3, $4 and $5 the new quantities will be 6,8,10,12. In the demand and supply graph, this looks as shift to the right of the supply curve (figure attached).

It is not option B because the problem says increase in quantities "at these prices". It is not option C because an increase in taxes will increase costs of production, thus firms will decrease units of production. It is not option D because changes in income will affect demand.

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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
Tharaldson Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard Price or Rate Stan
Lady bird [3.3K]

Answer:

$10,400 Favorable

Explanation:

The computation of labor efficiency variance for June is shown below:-

For computing the labor efficiency variance for June first we need to find out the standard hours

Standard hours = 0.5 hours per unit × 3,100 units

= 1,550 hours

Now, we will put it into formula

Labor efficiency variance = (Standard hours - Actual hours) × Standard rate

= (1,550 - 510) × $10

= $10,400 Favorable

Therefore for computing the labor efficiency variance for June we simply applied the above formula.

7 0
1 year ago
1. Sony has 12 core segments in its business. Is this too many or not enough? Are today’s companies diversified like they used t
mestny [16]

Answer:

1) This question is about whether diversification is good or bad for a large corporation. Whether diversification can be considered good or bad depends on the corporation itself, there is no one answer fits all. In this case, Sony is divided into 12 segments or divisions and each of them generates their own cash flows and offers their own products or services.

High tech companies generally tend to diversify a lot because they need to continuously produce innovative products or improve their existing ones. E.g. Google got so large and diversified that it turned into Alphabet which owns more than 200 companies (most of them through acquisitions). Sony's largest revenue sources are gaming services, financial services and home entertainment.

When we think about Sony we probably think about consumer electronics, the Playstation or even movies, but in order to be profitable, Sony had to expand and diversify. Sony's revenues are shifting from consumer electronics to services (including financial, gaming, network, music and movies), so that means that their diversification model actually worked.

2) Sony's goal with Future Lab is to create customer value and new lifestyles, whether they are able to do so depends on how well they work it out. Future Labs is based on San Francisco, and it should serve as a place where innovative prototypes should be tested by real users. The goal is that Sony can learn from actual real life user experiences in order to improve their products and services. The real life customers and users that want to participate in Sony's program must pay a fee for doing so, but they can also experience prototypes before anyone else.

7 0
2 years ago
An economy produces 1,000,000 computers valued at $2,000 each. Households purchase 200,000 computers, of which 100,000 are impor
Irina18 [472]

Answer:

$800 million

Explanation:

GDP = consumption (C) + investment (I) + government spending (G) + Net Export (NX)

Y = C + I + G + NX

The number of computers left is

= 1,000,000 - 200,000 (household) - 300,000 (businesses) - 300,000 (government) - 100,000 (Foreign)

= 100,000

This worth 100,000 × $2,000 = 200 million

                  300,000 computers × $2,000 = 600 million

Total of these two = 200 + 600 million

                              = 800 million

Therefore, the value of the investment component of GDP is $800 million.

7 0
2 years ago
Is the futures price of a stock index greater than or less than the expected future value of the index? Explain your answer.
stepan [7]

Answer:

It can be greater as well as less.

Explanation:

1st of all we should know what is Future Price and what is Stock Index.

The futures price can be more or less that the predicted fee.

When futures costs are lower than predicted price spot fees, the situation is known as normal backwardation.

When futures prices are higher than anticipated spot charges, it is called normal contango

8 0
1 year ago
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