What is a Cloud-first strategy?
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At Moss’ target net income the sales revenue will be $227, 500
<u>Solution:</u>
Sales revenue required to attain target net income of $35,000 will be as follows,
Fixed Cost of $56,000 + target net income of $35,000 / Contribution margin ratio of 40% = $227, 500
$227, 500 - Most must generate sales of $227,500 to earn a net income of $35,000
Answer:
under
above
Explanation:
Consumer surplus is the difference between the willingness to pay of a consumer and the price of the good.
Consumer surplus = willingness to pay – price of the good
For example, if the willingness to pay for a book is $100 and the price of the book is $50.
Please check the attached image for a diagram showing consumer surplus
Consumer surplus : $100 - $50 = $50
C.
Allocative efficiency in simple terms basically means there is no wastage, therefore if producers produce at price equals marginal coat, they are producing at the point where consumers are willing to pay that final price. Refer to the poorly drawn diagram for reference.
Allocative efficiency in simple terms basically means there is no wastage, therefore if producers produce at price equals marginal coat, they are producing at the point where consumers are willing to pay that final price. Refer to the poorly drawn diagram for reference.