In Shoetown, a rancher takes $0 worth of inputs and produces animal skins, which he sells to the tanner for $400. The tanner then sells leather to the shoemaker for $700, and the shoemaker then sells $1200 worth of shoes. The value added from these transactions is $800. $2300. $1200. $2500. $1000.
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- Please use the following information and use it to complete a few calculations, and answer questions in your paper. The paper ought to be written as a brief (1-1.5 pages) report that includes your calculations and a short explanation of what the firm should do if it is making a loss. A firm currently uses 40,000 workers to produce 100,000 units of output per day. The daily wage per worker is $80, and the price of the firm's output is $41. The cost of other variable inputs is $400,000 per day. Assume that total fixed cost equals $900,000. (Note: Assume that output is constant at the level of 100,000 units per day.) Calculate the values for the following variables using the formulas that are given: · Total Variable Cost = (Number of Workers x Worker’s Daily Wage) + Other Variable Costs · Total Costs = Total Variable Costs + Total Fixed…Loessing Compan produced and sold 12,000 units last year with sales price of $45 per unit and unit variable cost of $20. Fixed costs totaled $250,000. In the coming year, Loessing expects price to decrease by ten percent. Neither unit variable cost nor fixed costs can be changed. If Loessing wants to maintain the same level of income, what will the new level of production need to be?What do the Raw-mat materials inventory represent?
- Savion is restoring a car and has already spent $4, 000 on the restoration. He expects to be able to sell the car for S 5800. Savion discovers that he needs to do an additional $2, 400 of work to make the car worth $5, 800 to potential buyers. He could also sell the car now, without completing the additional work, for $3, 800. What should he do? a. He should complete the additional work and sell the car for $5, 800. b. He should keep the car since it wouldn't be rational to spend $6, 400 restoring a car and then sell it for only $5,800. c. He should sell the car now for $3,800. d. It does. not matter which action he takes since the outcome will be the same either way.A firm produces and sells a good for $95. To produce this good they purchased materials for $11, they paid wages of $31, and they paid rent of $15. What is the firm's value added? Enter a whole number with no dollar sign.A manufacturing company leases a building for $100,000 per year for its manufacturing facilities. In addition, the machinery in this bullding is being pald for in Installments of $20,000 per year. Each unit of the product produced costs $15 in labor and $10 in materials. The product can be sold for $40. Using this information, answer the follwoing questions. 1. 8,000 2. $30,000 3. 4,800 How many units per year must be sold for the company to breakeven? 4. 5,019 If 10,000 units per year are sold, what is the annual profit? 5. 6,667 Sheridan 6. $50,000 7. $80,000 8. $100,000
- Pat used to work as an aerobics instructor at the local gym earning $35,000 a year. Pat quit that job and started working as a personal trainer. Pat makes $50,000 in total annual revenue. Pat's only out- of-pocket costs are $12,000 per year for rent and utilities, $1,000 per year for advertising and $3,000 per year for equipment. Please enter your answers as whole numbers with no decimal places (ie. 5000 or $5000 not 5000.00 or "Five thousand dollars"). If you want to enter a negative number use a negative sign "-" and do not use parenthesis (ie. -2000 or -$2000 not (2000) or (-$2000)). What is Pat's accounting profit? What is Pat's economic profit? Did Pat make the right decision by becoming a personal trainer? (Yes or No)A delivery company is considering adding another vehicle to its delivery fleet; each vehicle is rented for $350 per day. Assume that the additional vehicle would be capable of delivering 1,750 packages per day and that each package that is delivered brings in 35 cents in revenue. Also assume that adding the delivery vehicle would not affect any other costs. Instructions: Enter your answers rounded to 2 decimal places. a. What is the MRP? What is the MRC? MRP = MRC = $ Should the firm add this delivery vehicle? (Click to select) = b. Now suppose that the cost of renting a vehicle doubles to $700 per day. What are the MRP and MRC? MRP = MRC = $ Should the firm add a delivery vehicle under these circumstances? (Click to select) = c. Next suppose that the cost of renting a vehicle falls back down to $350 per day but, due to extremely congested freeways, an additional vehicle would only be able to deliver 750 packages per day. What are the MRP and MRC in this situation? MRP = $ MRC = $…Market Basket 1990 (Base Year) 2010 2011 Product Quantity Price Price Price A B C D 8 12 21 16 If your answer is not a whole number, round to two decimal places. What is the cost of the market basket in 1990? $ $4 $6 $7 $6 $9 $9 $7 $9 $10 $10 $14 $13 A/ What is the cost of the market basket in 2010? $ A What is the cost of the market basket in 2011? $ What is CPI in 1990? A/
- On a 100-acre farm, a farmer is able to produce 3000 bushels of wheat when he hires two workers. He is able to produce 4400 bushels of wheat when he hires three workers. How many bushels of wheat could the farmer produce when he hires four workers? 5600 7400 6000 5800do fast. i will 5 upvotes .urgent .Which of the following represents a transfer payment? O The government sends your grandmother her social security check. Your employer automatically transfers $100 each month from your wages to a non-taxable medical spending account. You transfer $1,000 from your bank account to a mutual fund. O You make a payment to get legal documents for a previously owned home.