The management at MooseWoods Park is trying to decide whether to replace their portable toilets with flush toilets at the very popular MooseWoods Campground, as well as how many flush toilets to install, if they do choose to install them. They concluded that they will install flush toilets if the total surplus is greater than $ 50 in relation to the number of flush toilets at the equilibrium and the cost per campsite per night. Installing flush toilets will involve an increase in the cost per campsite per night. Researchers have calculated the demand and supply curves for flush toilets at this park and discovered that they are both perfectly straight lines. At $ 35 per campsite per night, no one will want flush toilets. At $ 0 per campsite per night, campers will demand seven flush toilets. Managers are willing to supply no flush toilets at the current campsite cost of $ 5 per night, but are willing to supply eight flush toilets at $ 25 per campsite per night. Please use the supply, demand and total surplus information to answer the three questions. What is the number of flush toilets desired at the equilibrium point?

Which of the following best describes the economic effect that results when the government increases interest rates and restricts the lending of money? a. borrowing money becomes more expensive and there is less investment in production. b. the economy grows as investments result in larger profits. c. government spending drives up prices because of greater competition for goods and services. d. consumers save more money and spend less buying goods and services.

As manager of kids skids, meghan wants to develop her relationship management skills. in order to do this, she learns how to

Fanning company is considering the addition of a new product to its cosmetics line. the company has three distinctly different options: a skin cream, a bath oil, or a hair coloring gel. relevant information and budgeted annual income statements for each of the products follow. skin cream bath oil color gel budgeted sales in units (a) 110,000 190,000 70,000 expected sales price (b) $8 $4 $11 variable costs per unit (c) $2 $2 $7 income statements sales revenue (a × b) $880,000 $760,000 $770,000 variable costs (a × c) (220,000) (380,000) (490,000) contribution margin 660,000 380,000 280,000 fixed costs (432,000) (240,000) (76,000) net income $228,000 $140,000 $204,000 required: (a) determine the margin of safety as a percentage for each product. (b) prepare revised income statements for each product, assuming a 20 percent increase in the budgeted sales volume. (c) for each product, determine the percentage change in net income that results from the 20 percent increase in sales. (d) assuming that management is pessimistic and risk averse, which product should the company add to its cosmetics line? (e) assuming that management is optimistic and risk aggressive, which product should the company add to its cosmetics line?