Answer:
Break-even point= 15,000/ (5 - 3)= 7,500 units
Explanation:
Giving the following information:
Each unit of output can be sold for $5, variable costs are constant at $3 per unit, and if the fixed costs are $15,000.
We need to use the following formula:
Break-even point= fixed costs/ contribution margin
Break-even point= 15,000/ (5 - 3)= 7,500 units
The majority of the quinoa sold in the u.s. is imported from Peru and Bolivia. These two nations have a comparative advantage in the production of quinoa. A country <span>is said to have a </span>comparative advantage<span> in the good that has the lowest opportunity cost. That is, it has a </span>comparative advantage<span> in whichever good it sacrifices the least to produce. Example, Peru & Bolivia has a </span>comparative advantage<span> in the production of Quinoa.</span>
Liz Meija is emplayed as a social worker in a host setting. She is mosy likly employed in an agency.
Answer:
C. Movement to the left along a given aggregate demand curve
Explanation:
Demand is the quantity of a good or service consumers are willing to buy at a given price over a given period of time. Price and demand tend to have a negative relationship. As price of a product increases, demand decreases as it is now more expensive and less affordable. On the other hand, when price decreases, demand increases as it is now cheaper than before.
To answer the question, as the price of a product increases, the quantity demanded falls, hence causing the leftward movement along the demand curve. A fall in price on the other hand, will cause a rightward movement along the demand curve.
Any other factor other than price such as a change in population, availability of substitutes and price of complementary products can cause a shift in the demand curve. If the factor is favorable, it causes a right-hand shift and if it is unfavorable, it causes a left-hand shift.
Answer: Know the prices of all goods they might buy.
Explanation: Assets not acquired become property precisely because their use by one person means that others cannot use them. When a good has no owner (for example, in a state of nature), the question of acquiring it and making it the property of one is a matter, as with all actions, of choosing a course of action over another. However, given a system of property rights that determines how goods can be acquired fairly, interactions with others do not necessarily arise.