Answer:
Performance.
Explanation:
A company wants to hire a model to appear in a television ad to promote its products. Prospective candidates have been asked to audition so that the company can choose the most suitable person. The candidates are being subjected to performance test. Prospective candidate's acting abilities, personality will be judged and analysed accordingly. They will given a written script which they have to read and acted as well. Their acting, voice quality, body movements and personalty will be looked upon and analysed whether he or she is the best fit for their television ad or not.
Answer:
The answers are:
1. combined producer surplus = $69
2. Alice and Amber (b)
Explanation:
A producer surplus is the difference between how much a producer sells a product in the market, and how much he is willing to sell the product for, if the market price is higher than the price he was willing to sell the product for.
The combined producer surplus of the ladies is the sum of their individual producer surpluses, and it is calculated as follows;
Alice: willing price = $35, market price = $70, therefore surplus
= 70 - 35 = $35
Amber: willing price = $38, market price = $70, ∴ surplus = 70 - 38 = $32
Andy: willing price = $68, market price = $70, ∴ surplus = 70 - 68 = $2
Combined producer surplus = 35 + 32 + 2 = $69
b. In this case the price of the 5 inch pot in the market is $45, Alice and Amber will sell their pots because the price in the market exceeds their willing price of $35 and $38 respectively and they will make producer surpluses of $10 and $7 respectively, but Andi on the other hand will not sell her pot because if she does, she will make a loss, as her willing price is $68 and the market price is $45, if she goes ahead to sell she will incur a loss of $23.
Answer:
C. have a zero slope up to $400 and then have a negative slope.
Explanation:
Here in the attached diagram
H denotes the individual income
H = Services of the healthcare
G = Other goods
As it can be seen that the ABC is the budget line and the budget line is horizontal till $400 i.e. zero slope and afterwards it would be downward sloping i.e. negative slope
In the case when the income is fully spend on the other goods so an individual after that can consume $400 due to which the budget line could be horizontal and become parallel to the axis
Therefore the correct option is C.
Answer and Explanation:
The computation is shown below:
1. The selling price per unit is
Particulars Quantity Selling price Total per composite unit
per unit
Windows 7 $113 $791
Doors 3 $253 $759
Total $1,550
2. The variable cost per unit is
Particulars Quantity Variable cost Total per composite unit
per unit
Windows 7 $69 $483
Doors 3 $181.50 $544.50
Total $1,027.50
The contribution margin per unit is
= Selling price - variable cost
= $1,550 - $1,027.50
= $522.50
3. The break even point is
= Fixed cost ÷ contribution margin per unit
= $469,625 ÷ $522.50
= 898.80 units
4. The number of unit is
Particulars Quantity Variable cost Total per composite unit
per unit
Windows 7 $898.80 $6,291.60
Doors 3 $898.80 $2,694.40
Total $8,988
