Magpie corporation uses the total cost concept of product pricing. below is the cost information for the production and sale of 58,700 units of its sole product. magpie desires a profit equal to a 21% rate of return on invested assets of $605,000. fixed factory overhead $38,500 fixed selling and administrative 8,000 variable direct materials cost per 5.17 variable direct labor cost per .88 variable factory overhead cost per .13 variable selling and administrative cost per 4.50 the dollar amount of desired profit from the production and sale of the company's product is: a. $12.11b. $12.88c. $15d. $13.50

Which statement or statements are implied by equilibrium conditions of the loanable funds market? a firm borrowing in the loanable funds market invests those funds with a higher expected return than any firm that is not borrowing. investment projects which use borrowed funds are guaranteed to be profitable even after paying interest expenses. the quantity of savings is maximized, thus the quantity of investment is maximized. a loan is made at the minimum interest rate of all current borrowing.

Total marketing effort is a term used to describe the critical decision factors that affect demand: price, advertising, distribution, and product quality. define the variable x to represent total marketing effort. a typical model that is used to predict demand as a function of total marketing effort is based on the power function: d = axb suppose that a is a positive number. different model forms result from varying the constant b. sketch the graphs of this model for b = 0, b = 1, 0< b< 1, b< 0, and b> 1. (we encourage you to use excel to do this.) what does each model tell you about the relationship between demand and marketing effort? what assumptions are implied? are they reasonable? how would you go about selecting the appropriate model?

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