Answer:
A. a dominant-business firm
Explanation:
A dominant - business firm -
It is the firm which which is responsible for controlling almost half of the market , where it functions and does not have any major competitor near by , is known as the dominant - business firm .
Hence , from the question , the Royal Motor Corp. is a dominant - business firm , being able to generate profit and revenues via manufacturing luxury cars .
Answer:
Total variable cost for the year = $241,920.00
Total fixed cost for the year = $279,520.00
Total cost for the year = $521,440.00
Explanation:
Note: See the attached excel file for the breakdowns of quarterly and the year calculation.
Answer:
Midpoint elasticity = 2.38
Supply of labor is Elastic
Explanation:
Midpoint elasticity = (Change in labor supplied / Average labor supplied) / (Change in wage rate / Average wage rate)
When Change in labor supplied= 19-10=9
Average labor supplied=(19+10)/2 =14.5
Change in wage rate=65-50=15
Average wage rate
=(65 + 50)/2=57.5
Midpoint elasticity = (9/14.5) / (15/57.5)
= 0.62/0.26
= 2,3846
= 2.38
Since elasticity is higher than 1, supply of labor is Elastic.
Answer:
Exchanged-traded funds
Explanation:
Exchanged-traded funds are forms of investment that are usually traded on stock exchange the way other securities are traded, but they have an underlying asset.
Unlike mutual funds ETF are traded on the stock exchange at all periods of the day.
Assets held by ETF includes, shares, currencies, bonds, and commodities like gold and oil.
Value of trade is kept close to the net value of the underlying asset.
Answer:
C. 23,000
Explanation:
Inventory currently as the warehouse $20,000: less damaged stocks $3000.00
= $20,000.00-$3,000= $ 17,000.00
Add inventory not in the warehouse: i.e., Consignee and transits goods
=$2000 + $ 4000= $6000
Total year end inventory = $17000+$ 6000
=$23,000.00