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Sue, of Sue's Sandwiches, sells sandwiches and soda from a sidewalk cart in a popular park near her home. She sets up her rented cart in the summers to raise money for college. Last month she sold $3,000 worth of product (sandwiches and sodas) to 300 customers. She spent $600 on the sandwich ingredients and buying the sodas wholesale. Her monthly costs are the following: Utilities = $60, Salary = $1,500, Advertising = $0, Insurance = $50, Interest = $0, Rent = $300, Depreciation = $0.
a. What are Sue's variable costs? Explain.
b. What is Sue's COGS? Explain.
c. What are her other variable costs? Explain.
d. What are her fixed costs? Explain.
e. What is Sue's EOU?
f. How much cash reserve should she keep in the bank?
A company is producing 15,000 units. At this output level, marginal revenue is $22, and the marginal cost is $18. The firm sells each unit for $48 and average total cost is $40. What can we conclude from this information?
On December 12 of 1980, Apple Computer sold shares in an initial public offering (IPO) for $22 per share. Since then, the stock has split 2-for-1 three times: June of 1987, June of 2000, and February of 2005. If you bought 100 shares at the IPO and s..
If a price ceiling is not binding, then
Assuming that there are no direct expenditure offsets to fiscal policy, how much should the government increase taxes?
Heidi spends all her income on going to movies, regardless of her income level or the price of movie passes. What is her income elasticity of demand for movie passes? What is her price elasticity of demand for movie passes?
A machine is purchased for $56,000 with a useful life of 5 years, after which, it is estimated to be worth $5,000. The machine will be operating 2,500 hours per year with annual maintenance and operating costs of $6,000. Using an interest rate of ..
Using the PPF analysis, explain what this means, the consequences of this behavior with regards to economic growth, and what the government could do to rectify the problem.
Depict this data with a Pareto chart. Also depict cumulative complaint line. What percent of total complaints can be attributed to most prevalent complaint.
Compute the minimum rate of interest, and, therefore, the risk premium, at which you would lend $1000 on the informal market. Suppose you are risk-neutral.
illustrate what kind of policy would you recommend to slow population growth.
If summer's supposition is correct, then we should expect for wealthier countries to have cleaner environments other things equal.
Why is fiscal policy slow to affect economic growth? Why does monetary work so much quicker to boost the economy than fiscal policy? Why does fiscal policy often contradict monetary policy and often hinders economic growth during recessionary periods..
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