Answer:
Markup(%) = 216.67%
Explanation:
Markup indicates the profit earned expressed as a percentage of the cost.
Markup = Profit / cost × 100
The cost consists of direct material costs, direct labor costs, and fixed costs.
Cost per unit = 5 + (100,000/10,000)
= 15 per unit.
The total cost for a pair is = 2 × 15 = 30.
<pthe profit="" for="" each="" pair="95">$65
Markup(%) = $65 / 30 × 100 = 216.67%
</pthe>
Answer:
(b) macaroni is categorized as an inferior good, and the price elasticity of supply is zero.
Explanation:
An increase in income by 10 percent results in a 15% reduction in the demand for macaroni and cheese without any change in price. This suggests that macaroni is indeed an inferior good with zero price elasticity of supply.
Inferior goods experience lower demand as incomes rise, supported by the observation that ‘’A 10 percent increase in income leads to a 15% decrease in the quantity of macaroni demanded’’.
In terms of price elasticity of supply, a value of zero indicates that the supply amount remains unchanged regardless of price fluctuations: the supply is "fixed". The original scenario states there was ''no change in the price of macaroni,'' indicating that the elasticity of supply in this situation is zero.
Result:
The result is $ 300
Reasoning:
When we subtract 1,500 from 1,200, the result is 250; however, the calculation of multiplying (1,500) by (.20) yields 300, which corresponds to similar pressure.
Answer: Selling Price = $9803.92
Explanation:
Details:
A Treasury bill has a return of 2% every 6 months.
Time duration = 6 months
Return rate = 2% per 6 months
Selling Price of the Treasury bill = 
Selling Price = 
The expected selling price for a 6-month Treasury bill is $9803.92.
Answer: The result is -2.42
Explanation:
P1 = $4 Q1 = 800
P2 = $4.50 Q2 = 600
Applying the midpoint formula, we calculate:
For price:
P2 - P1/(P2 + P1)/2
= 4.5 - 4/(4.5 + 4)/2
= 0.5/4.25
= 0.12
For quantity:
Q2 - Q1/(Q2 + Q1)/2
= 600 - 800/(600 + 800)/2
= -200/700
= -0.29
The price elasticity of demand is calculated as change in quantity/change in price
= -0.29/0.12
= -2.42.
