Answer:
Other flavors of ice cream are good substitutes for this particular flavor.
Explanation:
The other flavor of ice creams is the truly good substitution of Chocolate chips, in the ice cream industry there is a lot of flavors that substitute Chocolate chips So, the Demand for chocolate chips are elastic.
If there is a substitute for any commodity we can say that the other commodity demand is elastic.
Answer:
$44,800
Explanation:
For computation of capital balance we need to find out first total capital, shares, gain and Orton shares which is shown below:-
Total capital = $60,000 + $40,000 + $20,000
= $120,000
Shares = Total capital × Interest rate
= $120,000 × 0.10
= 12,000
Gain = Investment - Shares
= $20,000 - $12,000
= $8,000
Orton Shares = Gain × 3 ÷ 5
= $8,000 × 3 ÷ 5
= $4,800
Capital = Given capital balance + Orton Shares
= $40,000 + $4.800
= $44,800
So, We have applied the above formula.
Answer:
Explanation:
Revenue is $150 per semester credit hour
Materials cost = $21*45=$945
Labor cost = $4500
Overhead cost = $27,000
Total cost=$945+$4500+$27,000=$32,445
Multifactor probability = Revenue/Total cost = (150+80)*45/32,445=10,350/32,445 = 0.32
Answer:
The employees in Mexico can either produce 2 cars or 50 bushels of wheat.
This means that the opportunity cost of producing 50 bushels of wheat is 2 cars.
For 1 bushel of wheat therefore;
= 2/50
= 0.04 cars
Opportunity cost of producing a car in Mexico will be;
= 50/2
= 25 bushels of wheat.
The opportunity cost of producing a car in Mexico is 25 bushels of wheat, and the opportunity cost of producing a bushel of wheat in Mexico is 0.04 cars.
Answer:
d. selling products that appear to be locally adapted.
Explanation:
Localization:It refers to products which is locally adapted by the end-users. It is that thing which is easily adapted by the peoples and along with it, it can meet the needs of the people.
It overall impacts the customer buying behavior which includes their taste and preference, bargaining power, affordability, reasonable price, etc
By going throughout the options, the most correct option is D. So, other options are incorrect.
