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The answer to Incremental Profit
Incremental Costs. Fluff Rite, Inc., manufactures stove top popcorn poppers that it sells to distributors, who then customize and distribute the products to retailers as house-brand poppers. The yearly volume of output is 100,000 units. The selling price and cost per unit are shown below:
Selling price $20Costs:Direct material $2Direct labor 5Variable overhead 2Variable selling expenses 3Fixed selling expenses 1 13Unit profit before tax $ 7
Management is evaluating the alternative of performing the necessary customizing to allow Fluff Rite to sell its output directly to retailers for $26 per unit. Although no added investment is required in productive facilities, additional processing costs are estimated as:
Direct labor $2 per unitVariable overhead $1 per unitVariable selling expenses $1 per unitFixed selling expenses $50,000 per year
Calculate the incremental profit Fluff Rite would earn by customizing its poppers and marketing directly to retailers.
When 50 employees are used, the average product of labor is 50 and the marginal product of 50th worker is 75.
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All firms in a Cournot monopolistically competitive industry have the same cost function C(q) = 25 +10q. Calculate the equilibrium price, firm output, total output and number of firms in the industry.
Price comparison services on the Internet (as well as shopbots) are a popular way for retailers to advertise their products and a convenient way for consumers to simultaneously obtain price quotes from several firms selling an identical product.
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Taxi fares in New York recently were increased by nearly 50%. Predict the effect on the price of taxicab medallions, the earnings of taxicab drivers and congestion in New York streets.
During the late 1990s, several mergers among brokerage houses resulted in the acquiring firm paying a premium on the order of $100 for each of the acquired firm's customers.
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