Cigarland is a Latin American country producing cigars. If the unit cost is 11 dollars and firms' mark up is 20 per cent, calculate the price of each cigar. Answer the question by providing just the appropriate number of dollars in the box below to one decimal place (eg 12.3). Do not enter a comma, space, letters, words or symbols (such as $). Failure to follow these instructions may result in your answer being marked as incorrect.

Cigarland is a Latin American country producing cigars. If the unit cost is 11 dollars and firms' mark up is 20 per cent, calculate the price of each cigar. Answer the question by providing just the appropriate number of dollars in the box below to one decimal place (eg 12.3). Do not enter a comma, space, letters, words or symbols (such as $). Failure to follow these instructions may result in your answer being marked as incorrect.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Similar questions

A broker notifies their Broker Company that they are moving to another firm at the end of the month. Which of the following statements is TRUE? The broker company needs to give the broker a copy of all of the listing files The broker shall turn over to the broker company all the names of their clients unless they have a written agreement to the contrary The broker shall turn over to the broker company any listing obtained unless they have a written agreement to the contrary The broker company needs to collect all the yard signs from the broker
The profit of a company, in dollars, is the difference between the company's revenue and cost. The cost, C(x), and revenue, R(x), are functions for a particular company. The x represents the number of items produced and sold to distributors. C(x)=-2300+40x R(x)=840x-x² a) Determine and simplify the profit function. Write your answer in descending order. P(X)-
I need the answer to four, but it requires number 3.
You own a company that produces helmets. You are currently selling 100 helmets per week. Your average total cost of producing these helmets is $100. Recall ATC=TC/Q. A customer comes to your store and says he needs a helmet and will pay you $95 for it. Thus you need to produce the 101st helmet if you make the sale. Your average total cost if you produce 101 helmets is $99.95. Do you sell the helmet to the customer for $95?
1-18 Katherine D’Ann is planning to finance her college education by selling programs at the football games for State University. There is a fixed cost of $400 for printing these programs, and the variable cost is $3. There is also a $1,000 fee that is paid to the university for the right to sell these programs. If Katherine was able to sell programs for $5 each, how many would she have to sell in order to break even?
Evaluate the differences between the hands based upon many factors a person cannot control. Include the following aspects in the assignment: Calculate each ‘self’s’ salary What type of job category would each ‘self’ be placed in? Determine how much money will be left after mandatory living expenses for each ‘self’ How will these finances impact your children, the next generation? Share your thoughts about the ethical impact of ‘stacked decks
Product Life Cycle Dollars 0 Introduction Growth Maturity Time Consumers have stopped buying the product. Price has been affected because competition has entered. Sales have peaked. The company is starting to innovate. Decline As you look at the Product Life Cycle shown above, you notice that the space between sales and profits starts to widen in the Growth phase. Why? (Choose all responses that apply.) Sales Profits
A company has established that the relationship between the sales price for one of its products and the quantity sold per month is approximately p=70 -0.2D (D is the demand or quantity sold per month and p is the price in dollars). The fixed cost is $700 per month and the variable cost is $40 per unit produced. a. What is the maximum profit per month for this product? b. What is the range of profitable demand during a month? a. The maximum profit per month for this product is $ (Round to the nearest dollar.)
this table is tricky
When the price of salad was $5, a cafeteria sold 50 packets of salad dressing a day at $0.50 per packet. When they increased the price of salad by 40%, but kept the dressing at the same price, they sold 50% fewer packets of salad dressing.
The time to assemble the first unit on a production line is 11 hours. The learning rate is 0.86. Approximately how long will it take for the fifth unit to be assembled? The number of hours needed for the fifth unit to be assembled is hours. (Round to one decimal place.)
A particular style of sunglasses costs the retaller $90 per pair. At what price should the retaller mark them so he can sell them at a 10% discount off the original price and still make 40% profit on his cost?