Two Firms, C and D, Both Produce Coat Hangers

question 39

Multiple Choice

Two firms, C and D, both produce coat hangers.The price of coat hangers is $1.20 each.Firm C has total fixed costs of $750,000 and variable costs of 30'per coat hanger.Firm D has total fixed costs of $400,000 and variable costs of 50' per coat hanger.The corporate tax rate is 40%.If the economy is strong, each firm will sell 2,000,000 coat hangers.If the economy enters a recession, each firm will sell 1,400,000 coat hangers. If the economy is strong, the total revenue of firm C will be

• A)$1,680,000.
• B)$1,400,000.
• C)$2,000,000.
• D)$2,400,000.

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Definitions:

Data Warehouse Framework

A data warehouse framework is the structured set of technologies and methodologies used to store, manage, and retrieve large volumes of data for analysis and reporting purposes.

Metadata

Data that provides information about other data, often used for describing contents, quality, condition, and other characteristics.

Data Quality

Refers to the condition of a set of values of qualitative or quantitative variables that are accurate, reliable, and relevant for making decisions.

Relational Database

A relational database is a type of database that organizes data into tables which can be linked—or related—based on data common to each.