Answer: A service concession arrangement (D)
Explanation:
A service concession arrangement is an agreement whereby the government contracts with a private enterprise in order to operate, develop and maintain an infrastructural facility such as a tunnel, bridge, road, hospital, airport or prison. The government regulates and controls the kind of services the operator must provide, to whom the services are provided and at the price the services will be provided.
Concession agreements can also be between a non-governmental owner and a concessionaire, whereby the non-governmental owner gives the operator the exclusive rights to use and maintain the business for a stipulated period of time under specified conditions.
Answer:
All of the answers are correct.
Explanation:
The law of supply states that in a production process when the price of. Commodity increases the suppliers are more willing to supply more goods, while when price falls suppliers tend to supply less goods.
This is as a result of lower motivation to sell at a lower price where profit margins are low. The higher the price the more the profit made so they are more motivated.
Also when prices are too low the suppliers may barely cover their cost of production so they tend to supply less.
Attached is a diagram of the supply curve
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Answer:
E. increase by $5,000.
Explanation:
For computing the operating income, first, we have to compute the incremental revenue and then deduct the incremental cost, so that the operating income could find out
The incremental revenue would be
= Number of pounds sold × (Selling price per pound - Split-off sale price per pound)
= 5,000 pounds × ($25 - $20)
= 5,000 pounds × $5
= $25,000
And, the additional cost for processed further is $20,000
Now put these price to the above formula
So, the operating income would equal to
= $25,000 - $20,000
= $5,000 increase
