accounting
I am trying to figure out the cost of merchandise destroyed on Feb. 7th given the following information: Jan 1. Merchandise inventory $144,200 Jan. 1-Feb. 7 Purchases (net) 40,000 Jan. 1-Feb. 7 Sales (net) 70,000 Estimated gross profit rate: 40% (gross profit rate=gross profit...
Economics
ABC publishing uses 400 printers and 200 printing presses to produce books. A printer's wage rate is $20, and the price of a printing press is $5,000. The last printer added 20 books to total output. Is this publisher making a rational decision? Why or why not?
Economics
Suppose that a firm is currently employing 30 workers, the only variable input, at a wage rate of $60. The average product of labor is 30, the last worker added 12 units to total output, and total fixed cost is: $3,600. a. What is marginal cost? b. What is average variable cos...
Economics
There is a debate about whether sterile needles should be given out in cities with high drug use. Some say that doing so will decrease HIV/AIDS from sharing needles. Others believe it will encourage drug use. As an economist, you must know the following: -How responsive the sp...
college
There is a debate about whether sterile needles should be given out in cities with high drug use. Some say that doing so will decrease HIV/AIDS from sharing needles. Others believe it will encourage drug use. As an economist, you must know the following: -How responsive the sp...
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