A Closer Look at Decision Makers) Appendix Checkpoint re 1 Popcorn (bags) Cola (

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A Closer Look at Decision Makers) Appendix Checkpoint re 1 Popcorn (bags) Cola (cans) . What is the relative price of nuts and what is the opportunity cost of a bag of nuts? Draw a graph of Sara's budget line with nuts on the x axis. What quantities of popcorn and nuts does Sara buy and what is her marginal rate o substitution of popcorn for nuts at her consumption point? Suppose that the price of nuts falls to $1.50 Sara's budget remain unchanged buy now? What are two points on Sara's demand curve for nuts? a bag and the price of popcorn and . What quantities of popcorn and nuts does Sara 45

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Milden Company Contribution format income statement for the next quarter Sales Revenue * 2257000 Variable expenses:    Cost of goods sold ** 1147000    Sales commission *** 135420    Shipping expense **** 148000 Total variable expenses 1430420 Contribution margin 826580 Fixed Expenses :    Advertising expense 181000    Shipping expense 63000     Administrative salaries 91000     Insurance expense 10100     Depreciation expense 61000 Total Fixed expenses 406100 Net income 420480 Workings: Unit sales 37000 Selling price 61 Sales Revenue * 2257000 Unit cost of goods sold 31 Total cost of goods sold ** 1147000 Sales commission (6% of sales ) *** 135420 Variable shipping costs ($4 per unit) **** 148000

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