Calculate the total cost of the order

Assignment Help Macroeconomics
Reference no: EM131089630

Nweresh orders packs of buttons as follows:

50 economy packs at £1.50 each

30 standard packs at £2.20 each

12 premium packs at £2.56 each

(a) Calculate the total cost of the order.

(b) Giving your answer correct to the nearest penny, calculate the average cost of one pack of buttons.

A cash discount of 12% is offered for prompt payment.

(c) Calculate the payment made after deduction of the cash discount.

Reference no: EM131089630

Questions Cloud

Produce two units of output for each hour of labor input : You are the manager of a new firm that can choose between two technologies for producing output using only labor. Technology A can produce two units of output for each hour of labor input. Technology B can produce three units of output for each hour ..
Interest for each year has been added : When a man retires, he invests $20,000 in a bank, interest at 8% per annum of the amount to his credit to be added at the end of each year. When the interest for each year has been added,
China has more car brands now than the united states : According to the New York Times (11/18/06) the number of car producers in China is increasing rapidly. The newspaper reports that “China has more car brands now than the United States.” But while car sales have climbed 38% in the first three quarters..
Afford to lower the price of goods in competitive market : How can large companies afford to lower the price of goods in a competitive market? A company’s ability to raise its price without losing its entire market is an example of market power. One of the most important of these is economies of scale. Expla..
Calculate the total cost of the order : (a) Calculate the total cost of the order. (b) Giving your answer correct to the nearest penny, calculate the average cost of one pack of buttons.
How many yoga lessons will it teach : Suppose that we have an economy with four workers. Paris H. can teach 3 yoga lessons or make 20 lattes a shift. Kim K. can teach 2 yoga lessons or make 8 lattes a shift. Mike S. can teach 1 yoga lesson or make 40 lattes a shift. And Pauly D. can teac..
Determine the equation of the total revenue : Determine the equation of the total revenue (TR), average revenue (AR) and marginal revenue (MR).
Determining the additional deposits : The man withdrew $500 on January 1 st 1976, 1977 and 1978 but made no additional deposits. How much had he to his credit on January 1 st 1980 when interest for 1979 had been added?
Research racial and ethnic issues in a country : 1.Describe characteristics of the racial and ethnic majority and minorities within this country. 2.Summarize key historical issues these groups have contended with.

Reviews

Write a Review

Macroeconomics Questions & Answers

  Elastic and inelastic regions of the demand curve

At what price is revenue maximized, and what is revenue at that point? Identify the elastic and inelastic regions of the demand curve.

  Illustrate what will the exchange rate have to be to

Illustrate what will the exchange rate have to be to discourage Portuguese imports of British goods? Similarly, what will the exchange rate have to be to discourage British imports of Portuguese goods.

  What exactly does that number mean

What is the current annual inflation rate (based on the CPI-U) Summarize the major reasons behind this figure. What is the most recent numerical value of the CPI-U What exactly does that number mean

  Calculating quantity and equilibrium price

Assume the government imposes a tax of $2.00 per unit to reduce widget consumption and raise government revenues. What will the equilibrium quantity be?

  How do the following events affect an aggregate spending

How do the following events affect an aggregate spending line?

  As across many types of technologies that could be useful

As across many types of technologies that could be useful. However, I am unable to pinpoint one specific technology.

  Determine consumer confidence index

The Conference Board publishes an index of Consumer Confidence that is good measure of the non price determinant of demand, customer expectations.

  How did greece end up in their debt crisis

How did Greece end up in their debt crisis they are in today? Additionally, what steps is the Greek government taking to manage their debt? Even though they have received bailouts and emergency loans, why are they still in debt? Lastly, why don't oth..

  When pay the amounts rather than receive them

At an annual compound interest of 10% per year, would you rather receive $10,000 per year for 5 years or receive $5,000 per year for 10 years What is your preference if you must pay these amounts rather than receive them

  Elucidate what are some of the models that predict

Elucidate what are some of the models that predict the effects that reducing protection of imports will have on factor price. Briefly explain the effects shown by these models.

  Explain whether the following government activity

Explain whether the following government activity is motivated by a concern about equality or a concern about efficiency. in the case of efficiency, discuss the type of market failure involved - imposing higher personal income tax rates on people wit..

  Will quantity of investment spending increases in economy

assume prices are flexible and that factors of production are fully employed in both economies. Assume there is perfect capital mobility for the small open economy.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd