BUSINESS HIGH SCHOOL

An entrepreneur knits sweaters for sale. The entrepreneur has fixed costs of $100. When he makes 10 sweaters in one month, he must spend $15 on wool. To make eleven sweaters in one month, he must spend $17 on wool. If he has no other costs, what is the marginal cost of the eleventh sweater?

Answers

Answer 1
Answer: Given:
Fixed cost = 100
Variable cost = 10 sweaters; 15
Variable cost = 11 sweaters; 17

Total cost of 10 sweaters = $100 + 15 = $115
Total cost of 11 sweaters = $100 + 17 = $117

Change in number of sweaters = 11 - 10 = 1
Change in total cost = $117 - 115 = $2

The marginal cost of the 11th sweater is $2.
Answer 2
Answer:

Answer:

The marginal cost of the 11th sweater is $2.

Explanation:

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The economy is in a recession and the government wants to increase output. If the multiplier equals 3 and the government increases spending by 250, how much will output increase by

Answers

Answer:

The answer is 750

Explanation:

When government increases its spending, this increase in spending leads to increases in income for households which cumulatively increase the national income, this effect is known as multiplier effect.

Government has increased its spending by 250 while multiplier effect is 3.

Therefore, output will increase by 750(250 x 3)

Which of the following can increase your credit card's APR?

Answers

APR? That's interest.  You don't want to add interest. If you are trying to increase your credit limit you can ask the credit card company - but you need to make sure your payments have been on time

Final answer:

Missed or late payments, Maxing out credit limit, Changes in the market can increase your credit card's APR.

Explanation:

APR stands for Annual Percentage Rate, which is the interest rate charged on your credit card balance. There are several factors that can increase your credit card's APR, including:

  • Missed or late payments: If you consistently miss payments or make late payments, your credit card issuer may increase your APR as a penalty.
  • Maxing out your credit limit: If you use up all of your available credit, it can negatively impact your credit score and result in a higher APR.
  • Changes in the market: The overall economy and market conditions can influence interest rates, which can in turn affect your credit card's APR.

It's important to manage your credit card responsibly to avoid potentially higher APRs. Paying your bills on time and keeping your credit utilization low can help maintain a lower APR.

Learn more about Credit card APR:

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General Dynamics (an aerospace and defense corporation with its headquarter located in Fairfax County) makes communication devices for military contracts . The company just completed two contracts (with the same type of device ). The navy contract was 4, 300 devices and took 20 workers two weeks to complete . The army contract was for 8,300 devices that were produced by 25 workers in three weeks . Assume 40 working hours per week per worker . On which contract were the workers more productive?

Answers

Answer:

The army contract

Explanation:

Productivity can be measured by output per hour. i.e.

dividing the total output by hours worked.

productivity = output/hours worked

The navy contract

output =4,300

the hours worked = 20 workers working for two weeks, each week has 40 hours

Each worker worked 40 x 2 hours = 80 hours

20 workers worked for

80 hrs x 20

= 1600 hours

Productivity = 4,300/1600

=2.6875

For the military contract

output = 8300

hours worked

=  25 workers in three weeks, each week 40 hours

each worker worked, 40 x 3 hours = 120 hours

Twenty-five workers:

=25 x  120 hours

= 3000 hours

Productivity = 8300/3000

=2.766

The productivity for the military contract (2.766) was higher than for the navy contrac t(2.6875).

Annika is attending college next year. She just got information on the college costs and the financial aid package the college is offering. Annika knows her parents can contribute $7,500 each year. Annika's College Costs & Financial Aid Package per Year Costs Financial Aid Package Tuition & Fees Grants & Scholarship $21,500 $10,500 Room & Board Work-Study $13,500 $9,000 How much will Annika need to pay each year from her own savings and from loans? $8,000 $11,000 $15,500 $17,000

Answers

Answer:

The answer is A.

Explanation:

I took the test and triple checked my work. I hope this helps. :)

Answer:

A is correct

Explanation:

god bless

When you purchase an item in a store, you may be charged __________.

Answers

When buying any item in most stores, you are charged sales tax. Retailers, even smaller businesses are charged taxes for running their business. Businesses are able to pass on part of the burden to their paying customers in way of sales tax. So when you see an item marked as 99 cents, you will be paying slightly more than a dollar in almost all cases.

According to the question, you may be charged sales tax when you purchase an item in a store.

A sales tax refers to the tax that is imposed on goods and services. This tax is a consumption tax that is imposed by the government.

Further Explanation

The retailer collects the sales tax on behalf of the government and which is later remitted to the purse of the government. The retailer remits the sales tax either monthly or quarterly. Any businesses that operate in any environment where the sale tax law exists are liable to pay sales tax.

The end-users of the product or services offered by a company are charged for a sales tax. The sales tax rate is different among states in the US, it ranges from 1.7% to 9.45%. There are also some states with local sales tax laws.

There are 5 States in the US that do not charge sale tax on purchases. These states includes:

  • Oregon
  • Delaware
  • New Hampshire
  • Montana

However, in some of the five states, the local municipalities are allowed to charge sales tax. Also for the company to collect tax from consumers they have to apply for a sales tax permit. While some states require a fee to get the permit, some state grants the permit at no charge.

LEARN MORE:

KEYWORDS:

  • sales tax
  • local municipalities
  • US
  • consumption tax
  • product
  • services

________ is the use of advertising and publicity to get your marketing message out to your customers.

Answers

promotion is the best way to market your product
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