Unit cost of an electric teapot

Assignment Help Macroeconomics
Reference no: EM131088488

Producing 10,000 units of electric teapot requires $400,000 of prime costs, uses 1000 machine hours, and takes 1100 setup hours. The activity rates are $30 per machine hour and $110 per setup hour. What is the unit cost of an electric teapot?

Reference no: EM131088488

Questions Cloud

How was this event handled by the healthcare leaders : Who was affected and how did it influence quality service delivery at this facility? How was this event handled by the healthcare leaders and internal stakeholders? By external stakeholders?
Test program that prompts the user to enter an integer : Use the reverse method to implement isPalindrome. A number is a palin- drome if its reversal is the same as itself. Write a test program that prompts the user to enter an integer and reports whether the integer is a palindrome.
The malthusian population trap model implies that : The Malthusian population trap model implies that
Value of certain amounts of gold : What is a monetary system in which paper, money and coins had the value of certain amounts of gold?
Unit cost of an electric teapot : Producing 10,000 units of electric teapot requires $400,000 of prime costs, uses 1000 machine hours, and takes 1100 setup hours. The activity rates are $30 per machine hour and $110 per setup hour. What is the unit cost of an electric teapot?
Definition of private property critical to the coase theorem : How does the Coase Theorem provide an alternative to government regulation and provision of services? How is the definition of private property critical to the Coase Theorem?
Do think that might fuel over-inflation of some activities : Since departmental PMEFs must directly support one of the eight NEFs, do you think that might fuel "over-inflation" of some activities in order for a department to be viewed as having increased importance?
Different fiscal and monetary policies : The U.S. Economy passed through what has now come to be known as 'The Great Recession'. The government and the Federal Reserve responded with different fiscal and monetary policies. Identify these Monetary and Fiscal policies implemented by the Feder..
Which is the best policy : What kind of agent design is necessary to carry out the policy (reflex, model-based, goal-based, or

Reviews

Write a Review

Macroeconomics Questions & Answers

  Inflation targeting be a good policy

Why might it be difficult for the Fed to formally adopt inflation targeting?  Would inflation targeting be a good policy for the Fed in the present economic environment

  In using the taylor rule

In using the Taylor Rule as a guideline for monetary policy, what are the pros and cons of using forecasted values of inflation and output rather than observed values of these variables?

  Describe the present economic crisis situation in europe

Describe the present economic crisis situation in Europe.  Why has it been so difficult for the Europeans to find a solution to this problem?   Comment on what implications the crisis may have for the rest of the world if Europeans are not able to ag..

  Long-term federal government budget problems

Question:. Explain why there are long-term Federal government budget problems. Explain why the base-line forecast of the CBO is misleading.

  Derive and compare demand curve

Question based on Derive and compare demand curve,  Derive Ambrose's demand function for peanuts. How does it compare with Johnny's demand curve for peanuts?

  Problem based on utility function

Problem based on  Utility Function - Problem,  Answer and explain the following using a diagram which is completely labeled.

  Laffer curve : tax rate and tax revenue

Question based on Laffer Curve : Tax Rate and Tax Revenue,  Do raising tax rates necessarily raise tax revenue? What factors affect how tax revenue changes when tax rates change?

  Problem - income elasticity of demand

Problem - Income Elasticity of Demand,  Interpret the following Income Elasticities of Demand (YED) values for the following and state if the good is normal or inferior; YED= +0.5 and YED= -2.5

  Positive balance of payment

Question Positive Balance of Payment: "Things will look good for the US if we could just get to where we are consistently running a positive Balance of Payments."

  Effect of recession on the investment curve

Comment on the effect of a recession on the investment curve (only) and on the level of savings, investment, and the equilibrium real interest rate in the financial crisis that hits United States first starting in fall 2007.

  Affect of falling domestic investment on trade surplus and

How will a fall in domestic investment affect the trade surplus and net capital outflows in the domestic economy, the trade deficit and capital inflows in the rest of the world.

  Crises in the banking sector and bank run

Banking crises crisis decreases depositors' confidence in the banking system. What would be the effect of a rumor about a banking crisis on checkable deposits in such a country?

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