How much must justin charge to avoid shutdown

Assignment Help Microeconomics
Reference no: EM13126623

A new contraption to help you eat yogurt easily while driving, autogurt, is now on the market. It costs Justin $2 in equipment per unit, and takes him approximately 6 min to make. Justin charges $20 per hour. Justin additionally pays an electricity bill of $50 per month.

How much must Justin charge to avoid shutdown?

Reference no: EM13126623

Questions Cloud

How many total hydrogen atoms are in this solution : A solution of ammonia and water contains 3.00×10^25 water molecules and 5.80×10^24 ammonia molecules. How many total hydrogen atoms are in this solution?
Return on investment for the division : The Division is considering purchasing equipment for $40,000 that will increase sales by an estimated $10,000, with annual amortization of $10,000. If the equipment is purchased, what will happen to the return on investment for the division?
Define description of chemical reactions : Description of Chemical Reactions, Why when heating and cooling three different separate substances in open containers does the mass change in two of them (one loss mass; the other gained mass) but stays the same in the third when it is known that..
Illustrate what business risks does jetblue face : Illustrate what business risks does JetBlue face that may threaten the company’s ability to satisfy stockholder expectations? What are some examples of control activities that the company could use to reduce these risks?
How much must justin charge to avoid shutdown : A new contraption to help you eat yogurt easily while driving, autogurt, is now on the market. It costs Justin $2 in equipment per unit, and takes him approximately 6 min to make. Justin charges $20 per hour. Justin additionally pays an electricit..
How advanced accounting has affected : How "Advanced Accounting" has affected you in your professional development as a professional and as a person as well as encouraging you on your academic path.
What is the expected freezing point : What is the expected freezing point of a 0.50 m solution of Li2SO4 in water? Kf for water is 1.86°C/m.
How to conclude that mean weight is less than nine grams : A machine is set to fill a small bottlewith 9gram of a medicine. A sample of 8 bottles revealed the following amount (g) in each bottle. At the .01 sig level, can we conclude that the mean weight is less than 9 grams?
Direct materials purchases : The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased.

Reviews

Write a Review

Microeconomics Questions & Answers

  Compute the marginal profit function

Compute the marginal profit function and what is the profit maximizing price, what is the market demand function and what is each firm's supply function?

  Determine average fixed cost

If the total cost of producing 20 units of output is $1000 and the average variable cost is $35, what is the firm's average fixed cost at that level of output?

  Discussion on the federal government

Suppose as your company's lobbyist, what would you like to see done through Federal government that would be of help to your company? This could be what government could do or what they could stop doing this.

  The law of diminishing marginal productivity

What is the marginal cost associated with two units of production and the law of diminishing marginal productivity

  Preparation for the debate

Write down everything you would require durint your preparation for the debate.your preparation should include graphs and formulas.

  Describe what is meant by the gold standard

Describe what is meant by the Gold Standard and what were the problems with the gold standard?

  Explaining business strategy

Give an example of how you would use this information to set the price for your product in the market place and explain one factor in detail about how shifting demand and supply curves makes market demand estimation difficult

  Airline price discrimination

Airlines practice price discrimination by charging leisure travelers and business travelers different prices. Different customers pay varying prices for essentially the same coach seat because some passengers qualify for discounts and others do no..

  Production possibilities curve

The production possibilities curve represents the set of all and the opportunity cost of a glove in Panama - an airplane manufacturing consortium in Europe, which receives large subsidies from several European countries.

  Determining aggregate demand

For each of the following events, indicate whether the AD or the AS curve shifts. In brief describe the reasoning behind your choice.

  Decision by wal-mart

What does this decision by Wal-mart tell you regarding the price elasticity of the demand curve that it faces?

  Automation is the prime cause of unemployment

minimum wage legislation increases costs of production (and thus product prices) and creates an excess supply (unemployment) of unskilled labor.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd