Answer: add this flight because marginal revenue exceeds marginal costs.
Explanation:
Since the total cost of the flight would be $1,100, of which $800 are fixed costs already incurred, then the variable cost in this case will be )$1100 - $800) = $300.
Since the expected revenues from the flight are $600, thus implies that the total revenue exceeds total variable cost and therefore Dash should add the flight because total revenue is more than total variable cost and the marginal revenue exceeds marginal costs.
Answer:
(B) False
Explanation:
In the circular flow, the raw material that is basic resource provider gets to increase his income which means that his profit margin is high thus sales value is high and therefore, the result will be higher cost for the producers using such resources.
Since the cost to producers is revenue to resource owner's, this means high revenue to owner's and high cost to producers.
Thus, above stated statement is
(B) False
Purchasing power parity is basically the value of money in terms of what can be bought irrespective of market or region.
In the current scenario, Starbucks are expected to cost the same whether in Paris or Seattle. What matters here is the exchange rates.
If Starbucks costs $5 in Seattle and 4 Euros in Paris, the exchange rate is,
Exchange rate = Cost in Seattle/ Cost in Paris = $5/4 Euros = $1.25 per Euro or 4 Euros/$5 = 0.8 Euros per dollar. This means that Euro has more value than the dollar.
The correct answer is c.
Given a 7 percent interest rate, compute the present value of payments made in years 1, 2, 3, and 4 of $1,000, $1,300, $1,300, a
PolarNik [594]
Answer:
$4,199.29
Explanation:
Year 1 Payment value = $1,000
Year 2 Payment value = $1,300
Year 3 Payment value = $1,300
Year 4 Payment value = $1,400
Present value of Payments = [(FV year 1 / (1+r)^1)+(FV year 2 / (1+r)^2)+(FV year 3 / (1+r)^3)+(FV year 4 / (1+r)^4)
Present value of Payments = [(1000/(1+0.07)^1)+(1300/(1+0.07)^2)+(1300/(1+0.07)^3)+(1400/(1+0.07)^4)
Present value of Payments = $4,199.29
The primary goal of an effective training program should be to provide the skills or knowledge for high performance
