Subjects
PRICING
COURSES
SIGN IN
Start Free Trial
Vishal K.
Working for Leading Investment Bank
Tutor Satisfaction Guarantee
Economics
TutorMe
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?

Vishal K.
Answer:

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

Statistics
TutorMe
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.

Vishal K.
Answer:

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.

Finance
TutorMe
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.

Vishal K.
Answer:

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

Send a message explaining your
needs and Vishal will reply soon.
Contact Vishal
Ready now? Request a lesson.
Start Session
FAQs
What is a lesson?
A lesson is virtual lesson space on our platform where you and a tutor can communicate. You'll have the option to communicate using video/audio as well as text chat. You can also upload documents, edit papers in real time and use our cutting-edge virtual whiteboard.
How do I begin a lesson?
If the tutor is currently online, you can click the "Start Session" button above. If they are offline, you can always send them a message to schedule a lesson.
Who are TutorMe tutors?
Many of our tutors are current college students or recent graduates of top-tier universities like MIT, Harvard and USC. TutorMe has thousands of top-quality tutors available to work with you.