Casper Karts manufactures a three-wheeled shopping cart that sells for $60. Variable cost per shopping cart is $45. Annual fixed cost is $975,000. Casper Kart sold 80,000 shopping carts in this year. What will be the break-even point in units and in dollars if we assume that Casper Karts sells this product (the three-wheeled shopping […]
The Centers for Disease Control reported the percentage of people 18 years of age and older who smoke (CDC website, December 14, 2014). Suppose that a study designed to collect new data on smokers and nonsmokers uses a preliminary estimate of the proportion who smoke of .30. a. How large a sample should be taken to estimate […]
A firm in a perfectly competitive market has the following cost curve: TC = 200 + Q + 2Q^2; The market demand is: Qd = 121 ? P. There are 20 identical firms in the market (N =20) in the short-run. a) What is the firm’s supply function? b) What is the market supply function […]
Given the following information for a one-year project, answer the following questions. Planned Value (PV) = $30,000 Earned Value (EV) = $27,000 Actual Cost (AC) = $25,000 Budget at Completion (BAC) = $150,000 What is the cost variance, schedule variance, cost performance index, and schedule performance index for the project? Is the project ahead of […]
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