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ElenaW [278]
2 years ago
14

Chuck Diesel Burger is a food truck in Houston, Texas. Imagine that Chuck Diesel Burger’s minimum average total cost (ATC) is $3

.75 and that its minimum average variable cost (AVC) is $2.50. Assume there are no barriers to entry into or exit from the food-truck market. Chuck Diesel Burger will suffer a loss but still produce if the price is equal to:
$4.00.$3.75.$3.00.$2.50.$2.00.
Business
1 answer:
Trava [24]2 years ago
5 0

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.

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Read 2 more answers
Walmart started the month with 60 pairs of jeans purchased from a jeans manufacturer (the only earlier production stage.) Walmar
viva [34]

Answer:

Value added income = $75

Consumption Expenditure  = $675

investing spending = 0

GDP is = $675  

Explanation:

given data

jeans purchased = 60 pairs

paid = $10 for each pair

sold  = 45 pairs

sold = $15 each

solution

we get here first Value added income Walmart that is express as

Value added income = value of sold - value of bought   ..............1

Value added income = (15 × 45) - (10 × 60 )

Value added income = $75

and

Consumption Expenditure will be

Consumption Expenditure  = (15 × 45)

Consumption Expenditure  = $675

and

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and

GDP will be final value of goods sold at month end is

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7 0
1 year ago
For the most recent year, Camargo, Inc., had sales of $546,000, cost of goods sold of $244,410, depreciation expense of $61,900,
weqwewe [10]

Answer:

Explanation:

As we know that time interest earned ratio = Income before interest and taxes / interest expense.

Sales                                                                                           = 546000

less: cost of goods sold                                                            =  (<u>244410</u>)

            Gross profit                                                                       301590

Less: <u>expenses</u>

          Depreciation expense                                                      =( <u>61900   </u>)    

         Profit before interest and taxes                                         239690

Less: tax

      (239690 * 23%)                                                                =   (<u>55128</u>)            

                         Profit                                                                   184562

Profit - Retained earning Addition  = Interest

      184562 - 74300 = 110262.

Interest earned ratio = 239690 / 110262 = 2.17 times  

3 0
2 years ago
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