Business, 09.07.2019 05:20 bridgettebach
Ernie owns a water pump. because pumping large amounts of water is harder than pumping small amounts, the cost of producing a bottle of water rises as he pumps more. here is the cost he incurs to produce each bottle of water: cost of first bottle $1cost of second bottle $3cost of third bottle $5cost of fourth bottle $7a. from this information, derive ernie’s supply schedule. graph his supply curve for bottled water. b. if the price of a bottle of water is $4, how many bottles does ernie produce and sell? how much producer surplus does ernie get from these sales? show ernie’s producer surplus in your graph. c. if the price rises to $6, how does quantity supplied change? how does ernie’s producer surplus change? show these changes in your graph.
Answers: 2
Business, 22.06.2019 15:50
Singer and mcmann are partners in a business. singer’s original capital was $40,000 and mcmann’s was $60,000. they agree to salaries of $12,000 and $18,000 for singer and mcmann respectively and 10% interest on original capital. if they agree to share remaining profits and losses on a 3: 2 ratio, what will mcmann’s share of the income be if the income for the year was $15,000?
Answers: 1
Business, 22.06.2019 22:40
Utilization will always be lower than efficiency because: a. effective capacity is greater than design capacityb. expected output is less than actual output.c. effective capacity equals design capacity.d. effective capacity is less than design capacity.e. expected output is less than rated capacity.
Answers: 3
Business, 23.06.2019 07:30
Which of the following commission structures creates sales people who are highly motivated to close a sales,because their entire income depends on it?
Answers: 1
Business, 23.06.2019 07:30
Anew manufacturing technology makes it easier to make the product and causes a shift in the supply curve. what is the new equilibrium point after implementing the new technology? (hint: determine which direction a easier production shifts the supply curve and use that direction to pick the resulting equilibrium point.) $6 and 20,000 $4 and 30,000 $6 and 30,000 $4 and 20,000
Answers: 3
Ernie owns a water pump. because pumping large amounts of water is harder than pumping small amounts...
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