Claris corporation (a multi-product company) produces and sells 7,000 units of product x each year. each unit of product x sells for $12 and has a contribution margin of $4. if product x is discontinued, $19,000 of the $32,000 in fixed costs charged to product x could be eliminated. if product x is discontinued, what will happen to the company's overall operating income? a. decrease by 4,000 per year b. increase by $9,000 per year c. decrease by $9,000 per year d. increase by $4,000 per year

Andrew cooper decides to become a part owner of a corporation. as a part owner, he expects to receive a profit as payment because he has assumed the risk of - serious inflation eroding the purchasing power of his investment.- being paid before the suppliers and employees are paid.- losing his home, car, and life savings.- losing the money he has invested in the corporation and not receiving profits.- the company giving all of the profits to local communities

How will firms solve the problem of an economic surplus a. decrease prices to the market equilibrium price b. decrease prices so they are below the market equilibrium price c.increase prices

An insurance company estimates the probability of an earthquake in the next year to be 0.0015. the average damage done to a house by an earthquake it estimates to be $90,000. if the company offers earthquake insurance for $150, what is company`s expected value of the policy? hint: think, is it profitable for the insurance company or not? will they gain (positive expected value) or lose (negative expected value)? if the expected value is negative, remember to show "-" sign. no "+" sign needed for the positive expected value