Fixed cost : The type of cost that will stay the same regardless how much products you created.
Cost per unit for 80 widgets : 8000/80 = $1,000
Cost per unit for 100 widgets: $10,000/100 = $1,000
In this case, the fixed cost is 0.
Marginal Cost
Change in Total Cost / Change in Quantity produce
= ($10,000 - $ 8,000) / (100 -20)
= $ 2,000/20
= $1,000
Answer:
b) The progressive income tax system
Explanation:
The tax is compulsory contribution levied by the authority in a territory on goods, services, income and profit.
Proportional income tax :Income tax is said to be proportional where the same tax rate is paid by all irrespective of their income bracket.
A progressive income tax is that where the tax rate becomes higher for those income earners in the high income bracket. The tax rates on every dollar earned becomes higher with increase in income.
The regressive income tax is where a lower percentage is paid as tax as the income income increases. Lower rate is paid on additional dollar earned.
The scenario in the question falls under the concept of progressive income tax system
They are considered to be functional managers—a functional
manager is those people with authority that are given to them in a way of
controlling a certain department, business or organization, in other words,
they have to manage an organizational unit.
Answer:
Yes. Firms that sell products that depend partly on demographic factors are more likely to be affected by business cycle.
Explanation:
Businesses whose demand depend partly in demographic factors (population based on race, sex, age, etc) such as homebuilders are affected by business cycles/seasons.
Demand for new houses can depend on some business seasons. A family that wants to move to a new location will consider age of the kids, parents before moving to a volatile neighborhood. Older people tend to prefer quieter areas, while younger people may prefer a more lively place to meet new friends.
Members of a race might want a new house because the vicinity is within a community of people of same race or social disposition.
The answer is D it makes the most sense
