In quick need of Microeconomics homework help! *10 points*?

Posted on 2014-04-11 10:20:00 in Economics by BRITTANY

I have an online assignment due tomorrow and I'm having trouble with my last question. This is the information I was given:



"Life’s two certainties are death and taxes. Some day, it could be just as certain that Service Corp. International will handle your funeral.

The Houston-based company will handle 1 in 10 funeral services in the United States this year, or about 230,000. In just 32 years, the company has grown from a single funeral home into the world’s biggest death services provider with 2,631 funeral homes, 250 cemeteries, and 137 crematoria in North America, Europe, and Australia. . . .

SCI’s sheer size provides big advantages over competitors. SCI is able to get cheaper prices on caskets and other products from suppliers.

Its funeral homes clustered in the same markets cut costs by sharing vehicles, personnel, services, and supplies. That helps give SCI a profit of 31 cents on every dollar it takes in for a typical funeral, versus 12 cents for the industry as a whole, SCI says.



Funeral directors “don’t want to think of (death) as big business,” says Betty Murray of the National Foundation of Funeral Directors. “But we’re in the era of acquisitions and consolidations.”



**TASK**



What is the ATC per dollar of sales at



((Instructions: Enter your responses to two decimal places.))



(a) The largest funeral home?



$



(b) Smaller funeral homes (based on the industry as a whole)?



$



Any explanation would be appreciated!! :)

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