If a business had sales of $4,000,000 and a margin of safety of 25%, what was the break-even point?

Demand is inelastic when a price ________ results in total revenue ________.

Sue’s Surfboards is the sole renter of surfboards on Big Wave Island. Sue does not price discriminate. For Sue’s Surfboards, the change in total revenue from each additional surfboard rented is

The luster of a mineral describes the way its surface reflects light.

              Milkshakes                              Sodas Quantity Totalutility Quantity Totalutility 0 0 0 0 1 600 1 240 2 1000 2 360 3 1300 3 460 4 1540 4 520 5 1590 5 570 6 1636 6 590 7 1676 7 602 8 1708 8 610 9 1728 9 616 10 1738 10 620 The table above shows Tom’s total utility from milkshakes and sodas. Tom’s total budget for milkshakes and sodas is $10.00 per week. Milkshakes cost $2.00 each and sodas cost $1.00 each. What quantity of sodas does Tom purchase at his consumer equilibrium?

A tax is imposed on the sellers of a product. The consumer will pay the full amount of the tax if

Effective rent controls

What is the name of a group of general education classes you take at a college that exposes you to a number of broad areas of study — natural sciences, communication, technology, math, languages, humanities, and social and behavioral sciences?

Matt’s allowance is $20 per month. In order to determine his budget line, you also need to know

The condensed income statement for a business for the past year is presented as follows: Products: F G H Total Sales $300,000 $220,000 $340,000 $860,000 Less variable costs 180,000 190,000 220,000 590,000 Contribution margin $120,000 $  30,000 $120,000 $270,000 Less fixed costs 50,000 50,000 40,000 140,000 Income (loss) operations $70,000 $(20,000) $80,000 $130,000   Management is considering the discontinuance of the manufacture and sale of Product G at the beginning of the current year. The discontinuance would have no effect on the total fixed costs and expenses or on the sales of Products F and H. What is the amount of change in net income for the current year that will result from the discontinuance of Product G?