Ice Cream. E<span>lasticity is higher when the good are luxuries and ice cream has </span>to actually be made.
Answer:
Economic profit will be $40
So option (d) will be correct option
Explanation:
We have given number of units produced = 20 units
Price of per unit = $10 per unit
So revenue = 20×$10 = $200
Revenue :20 units * $10 = 200
Fixed cost is given $100
Variable cost: 20 units ×$3 = 60
So total cost= Fixed cost + Variable cost = 100 + 60 =$160
So economic profit = Revenue - Total cost = 200 - 160 = $40
So option (d) will be correct answer
According to Marxist-socialist tenets, law is strictly subordinate to prevailing economic conditions, such fundamental propositions as private ownership, contracts.
Marxists contend that compared to a capitalist society, a socialist one is far better for the majority of people. "The socialization of production is bound to result in the conversion of the means of production into the property of society," wrote Vladimir Lenin before the Russian Revolution.
The core tenets of the Marxist worldview hold that social class is the most significant category of people and that the economic circumstances of a society form its foundation. Another tenet states that community ownership of the means of production will replace private property as the primary institution of capitalism.
Learn more about Marxist-socialist tenets here
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Answer:
62,000 units
Explanation:
Calculation to determine how many units did the Forming Department start and complete in the current month
Total units completed and transferred 84,000 units
Less Inventory at the beginning of this month 22,000 units
Units Forming Department started and completed in the current month 62,000 units
(84,000 units-22,000 units)
Therefore The number of units that the Forming Department started and completed in the current month is 62,000 units
The ability to telecommute has come largely from the development of f<span>aster and more reliable internet capabilities</span>. Telecommuting allows people to work remotely and travel while working. This gives more flexibility to various lifestyles and also allows more people who benefit from working from home. Internet has greatly changed how people connect with one another.
