How much must justin charge to avoid shutdown

Assignment Help Microeconomics
Reference no: EM13126623

A new contraption to help you eat yogurt easily while driving, autogurt, is now on the market. It costs Justin $2 in equipment per unit, and takes him approximately 6 min to make. Justin charges $20 per hour. Justin additionally pays an electricity bill of $50 per month.

How much must Justin charge to avoid shutdown?

Reference no: EM13126623

Questions Cloud

How many total hydrogen atoms are in this solution : A solution of ammonia and water contains 3.00×10^25 water molecules and 5.80×10^24 ammonia molecules. How many total hydrogen atoms are in this solution?
Return on investment for the division : The Division is considering purchasing equipment for $40,000 that will increase sales by an estimated $10,000, with annual amortization of $10,000. If the equipment is purchased, what will happen to the return on investment for the division?
Define description of chemical reactions : Description of Chemical Reactions, Why when heating and cooling three different separate substances in open containers does the mass change in two of them (one loss mass; the other gained mass) but stays the same in the third when it is known that..
Illustrate what business risks does jetblue face : Illustrate what business risks does JetBlue face that may threaten the company’s ability to satisfy stockholder expectations? What are some examples of control activities that the company could use to reduce these risks?
How much must justin charge to avoid shutdown : A new contraption to help you eat yogurt easily while driving, autogurt, is now on the market. It costs Justin $2 in equipment per unit, and takes him approximately 6 min to make. Justin charges $20 per hour. Justin additionally pays an electricit..
How advanced accounting has affected : How "Advanced Accounting" has affected you in your professional development as a professional and as a person as well as encouraging you on your academic path.
What is the expected freezing point : What is the expected freezing point of a 0.50 m solution of Li2SO4 in water? Kf for water is 1.86°C/m.
How to conclude that mean weight is less than nine grams : A machine is set to fill a small bottlewith 9gram of a medicine. A sample of 8 bottles revealed the following amount (g) in each bottle. At the .01 sig level, can we conclude that the mean weight is less than 9 grams?
Direct materials purchases : The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased.

Reviews

Write a Review

Microeconomics Questions & Answers

  Information about heckscher-ohlin theory

Demonstrate that under this analysis commodity movement and factor movement are substitutes for each other.

  Profits in the long-run

Suppose that firms in the short-run are earning above-normal profits. Describe what will take place to these profits in long-run for the following markets:

  Microeconomic monopoly

What are the profit-maximizing price and quantity? What will be the profits at these price and output levels?

  Impact on china on global microeconomics

Does microeconomics apply to every nation in the world. Explain your reasoning. and explain the specifics of any cases or examples you use and the implications of similar on local citizens of that country.

  Price elasticity of demand-soft rock cafe

What price would Soft Rock have to charge to sell 2,000 T shirts? Compute the own price elasticity of demand when the price goes from $5 to $4.

  Failure of the super committee is good thing for economy

Some commentators have argued that the failure of the “Super committee” is good thing for the economy?  Do you agree?

  Production possibilities frontier

Sketch a production possibilities curve (not a straight line), with consumer goods on the horizontal axis and capital goods on the vertical axis.

  Examining output and price relationship

Compute the industry price necessary for firm to supply 10,000, 20,000, and 30,000 pounds. Compute the quantity supplied by the firm at industry prices of $1.50, $2.50, and $3.50 per pound.

  Demand supply-equilibrium wage

The government decides to tax cookbooks because they feel that they encourage overeating and can lead to health issues, like obesity and heart disease. Answer the following: in 600-800 words

  Economics from health care perspective

What incentives does a capitates physician have to keep his patients happy? What incentive does an FFS physician have?

  Determining profit maximizing price and output

You're the marketing manager of a firm that produces Titanium and sells this metal to two distinct kinds of customers: aircraft producers and golf club manufacturers.

  Inventory in the statement of financial position

Clear Limited produces Plasma TV and distributes to retailers under her own house brand. Recent trend in market seems to favour adoption of TV using either LED technology.

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