On the basis of the following data: Commodity Inventory Quantity Unit Cost Price Unit Market Price AL65 40 $292 $291 CA22 36 85 95 LA98 29 122 99 SC16 46 136 123 UT28 14 51 47 Determine the value of the inventory at the lower of cost or market. Assemble the data in the form illustrated in Exhibit 10. Inventory...
You are an industry analyst that specializes in an industry where the market inverse demand is P = 250 - 6Q. The external marginal cost of producing the product is MCExternal = 8Q, and the internal cost is MCInternal = 14Q. Instructions: Enter your responses rounded to the nearest two decimal places. a. What is the socially efficient level of...
what are the answers to these questions? Use the graph below to answer que stions 1-5. It represents the market for the monthly U.S. beer market, a delicious product which nonetheless produces one of the largest negative externalities among popular goods Ssocial Sprivate 10 15 20 25 30 35 4045 50 55 60 65 0 5 Qin millions 1. What...
Question 9 (-110) Ford Motor Company is considering launching a new line of Plug-in Electric SUVs. In order to launch the new line, Ford needs to purchase new equipments for $20 million. These equipments are expected to last for 10 years with a residual value of 2 million. Ford pays a 30% marginal tax rate on its pre-tax income, and...
The inventory of a motor vehicle dealer presents the following information at the end of the accounting period:Cost Estimated costs before Expected selling priceof the sale€€€Vehicle 1 Vehicle 2 Vehicle 3 Vehicle 416,200 1,250 17,500 1,000 11,900 1,240 10,600 2,76018,000 20,000 14,000 15,000Dealer salespeople are paid a commission when they sell the vehicle. The commission is determined as 5% of...
Households purchase final goods and services in the factor market. purchase final goods and services in the product market. purchase resources in the product market. purchase resources in the factor market
Suppose that price for Compact Disks (CDs) is $15 each. Suppose the price for downloading tracks of music legally is $1 for each song. Suppose Sophia has $30 to spend each month on music. Draw the budget constraint on a graph with CDs on the horizontal axis. (1 points) Suppose the price of CDs falls to $10. Draw the new...
No work needed, just an answer. Thank you No work needed, just an answer. Thank you David consumes two things: gasoline (91) and bread (92). David's utility function is U(91, 92) = 909, 0.2420.8 Let the price of gasoline be Pı, the price of bread be P2, and income be Y. Derive David's demand curve for gasoline. David's demand for...
AL LLD Records, some of the market research of college students is done during promotions on college campuses, while other market research of college students is done through anonymous mail, phone, internet, and record store questionnaires. In all cases, for each new CD the company solicits an "intent-to- purchase" score from the student, with being the lowest score ("no intent...
AL LLD Records, some of the market research of college students is done during promotions on college campuses, while other market research of college students is done through anonymous mail, phone, internet, and record store questionnaires. In all cases, for each new CD the company solicits an "intent-to- purchase" score from the student, with being the lowest score ("no intent...