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According to a news agency article, a particular model of car (Sundra) costs $65,000 to produce, while its market price is $34,000. As a result, the author of the article concluded that the automobile company would be losing $31,000 on each Sundra it builds and recommended that the automobile company should not be producing more Sundras. A breakdown of the $65,000 figure was provided as follows:
1. Incurred development costs of about $4.5 billion spread out over the 100,000 cars produced to date, for an average of $45,000 per car; and
2. Cost of building an additional car: $20,000.
Provide the rationale for the author's recommendation that the automobile company should not be producing more Sundras. (Hint: Define, identify and use the concept of average total cost)
Expansionary policy is used to fix an expansionary gap. If US prices are relatively high, the quantity of US goods demanded is high, aote. The short-run AS curve overall has a positive slope in part because of the misperceptions.
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Revnol, a manufacturer of cosmetics, prices its popular pink lipstick at $8. On the basis of test-marketing, Revnol believes that women between the ages of 18 and 20 have an own-price elasticity of −1.5 and that 60 percent of them are likely to purch..
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The revenues and costs of The Greener Way, a lawn care business wholly owned by Mr. Albert Johnston are listed below. Lawn Mowing $63,000 Aeration $2,000 Labour Cost $30,000 Vehicle Costs $15,000 Lawnmower Maintenance $5,000 Debt-Service Costs $13,00..
What other variables should be considered when determining what is reasonable in terms of maintenance expense
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q1. a companys cash sales for the month are 200000 and its accounts receivable payments for the month are 100000. what
In an unconstrained maximization problem: An activity should be increased if______exceeds______. An activity should be decreased if______exceeds______.The optimal level of activity occurs at the activity level for which______equals.
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