All that information gives you three points to make the graph.
Point 1:
At the price of $10, the offer is 2*1,000 shoes => (10, 2,000)
At the price of $25, the offer is 10*1,200 shoes => (25, 12,000)
At the price of $40, the offer is 10*1400 + 4*500 => (40, 16,000)
Then you have three points. You can check that their are not aligned because when you increase the price $15 from 10 to 25 the offer increases in 10,000 shoes; but when you increase the price $15 from 25 to 40, the offer increases 4,000.
To draw the grpah:
- use a perpendicular coordinate system with the price in the horizontal axis and the offer in the vertical axis,
- lable the horizontal axis with the prices from 10 to 50 and the vertical axis with the offers from 1,000 to 18,000.
- draw the three calculated points (10; 2,000) , (25; 12,000) and (40; 16,000)
- draw a curved line that passes through the three points.
Ther you have the graph.
Answer:
D) $14,000
Explanation:
Description Estimated life Cost Amortization per year
Sales office 10 years $47,000 $4,700
Warehouse 25 years $75,000 $7,500
Parking lot 15 years $18,000 $1,800
total $14,000
Even though the useful life or the warehouse and parking lot is longer than 10 years, since the lease contract is only for 10 years, then it must be depreciated in 10 years.
Answer:
Explanation:
Suppose there is one perfect competitive market for wheat There are 90 firms in that industry.
Consider the Table 1 given below:
Table 1: Industry supply
MC individual Quantity (9) Industry quantity (Q)
25 30 30*90=2,700
40 35 35*90=3,150
55 40 40*90=3,600
70 45 45*90=4,050
Take possible MC (Marginal cost) with their respective individual. Calculate the industry supply by multiplying 90 with the firm's individual quantities as shown in Table 1 above.
Going by the graphical diagram in the attached image below, we can derive that:
The orange line represents the industry supply. The lower and higher orange represents the lowest and highest quantity respectively.
The intersection industry demand and industry supply gives the short run price and quantity
Therefor, the short run price and quantity are $40 and $3,150 respectively. This and can be shown with dotted black line.
So Therefore
At the current short run market price, the firms will produce in short run because this price is above the average variable cost
In the long, some firms will exit the market, given the current market price.
Dennis could be suffering from a dissociative fugue. It is one of the many kinds of amnesia wherein an individual would not have the ability to recall someone's past and suddenly forming another identity from the mind. This happened to Dennis when he told the policemen that his name was Michael Hart.
Answer:
Total assets turnover = 1.2 times
Explanation:
Total assets turnover tells the efficiency of a firm's assets in generating revenue.
The formula for total assets turnover is net sales over average total assets.
Total assets turnover = Sales / average total assets
Total assets turnover = 3010 / 2510 = 1.199 or 1.2 times
