Hello User
Answer: All options are required
(I took this test last year and this was my answer
Hope I helped
-Chris
Answer:
the net income would be decreased by $3,000
Explanation:
The computation of the net income is shown below;
Total cost is
= $14 + $5
= $19 per unit
And, the Selling price is $18 per unit
Now
Income = Revenue - Cost
= $18 - $19
= -1 per unit
And, finally
Total Income = 3000 units × (-1)
= -$3000
Hence, the net income would be decreased by $3,000
Answer:
intermediate goods or consumer goods
Explanation:
Answer:
explicit cost is kept down, but not the implicit
Explanation:
As we know that there is two cost i.e. explicit cost and the other one is implict cost. The explicit cost is the cost that are spent like out of pocket expenses i.e. salaries & wages, etc. On the other hand the implicit cost is the cost that are spent on diversifying the business
Now as per the given situation, the above is the answer and also the explicit costs are classified into fixed and variable costs while doing the business
The correct answer to this is B) a designer handbag. This is not a commodity. A commodity is anything that is considered a raw material.
