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# Tutor profile: Vishal K.

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Vishal K.
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## Questions

### Subject:Economics

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Question:

Ernie's Earmuffs produces 200 earmuffs per week at a total cost of \$2000 and \$400 of this cost is fixed. What is Ernie's average total cost?

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Vishal K.

The average total cost is cost per unit of production . It is given as ATC= {TC}/{Q} If total cost is \$2000 and Q is 200, the ATC is ATC={2000}/{200}=10

### Subject:Statistics

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Question:

Four different beverages are sold at a fast food restaurant : soft drinks, tea, coffee and bottled water Explain why the type of beverage sold is an example of a categorical variable.

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Vishal K.

For the different items sold at the fast food restaurantL soft drinks, tea, coffee, and bottled water we do not have any base to assign numerical values to compare them we can only categorize them. Wehn we have to make a decision about which one is best to consume we can only categorize them in different categories like goods, better, worse, bad, best or other. Hence from the definition of categorized variable, the type of beverages sold is an example of categorical variables.

### Subject:Finance

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Question:

A married couple ﬁling jointly have a combined total adjusted gross income of \$75,000. They have computed that their allowable itemized deductions are \$4,000. Compute their federal income tax.

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Vishal K.

Answer: Adjusted gross income = \$75,000 Exemptions = -(2)(\$3,650) = - \$7,300 Deductions = -\$11,400 Taxable income = \$56,300 Federal taxes = \$1,670 + (\$56,300 - \$16,700)(0.15) = \$7,610

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