Answer: The customer cost for combined shipping and returns of Product 1 is <u>$6.25 per unit.(option c)</u>
We arrive at the answer as follows:
<u>A. Calculating cost of returns</u>
<u>B. Calculating Cost of shipments</u>
C.Calculate total cost of shipments and cost of returns
<u>D. Calculate cost per unit</u>
<u></u>
Answer:
price for a monopolistically competitive firm exceeds the marginal cost
Explanation:
Monopolistically competitive firms do not achieve allocative efficiency because the <em>"price for a monopolistically competitive firm exceeds the marginal cost"</em>
Allocative efficiency is known to be an economic concept which actually regards efficiency at the societal level. This usually refers to the production of the optimal quantity of some output. The quantity produced is actually the marginal benefit of one more unit which the society enjoys and which is equal to the marginal cost.
In a monopolistically competitive industry, they will produce a lower quantity of a good and then their prices will be higher than would a perfectly competitive industry. A monopolistic competitive firm’s demand curve actually slopes downward. This then means that it will charge a price that exceeds marginal costs.
Option C ($305 million) is the correct answer.
<u>Explanation:</u>
GDP<u> </u>= GNP - Net foreign factor income
GNP can be calculated by using the following formula
GNP (FC) = NNP (FC) + depreciation
NNP (FC) = 300, thus the depreciation is as follows:
Depreciation = Gross private domestic investment - Net private domestic investment
= 55 minus 40 = 15
<u>Now, we can calculate GNP (FC) by substituing the values into the formula </u>
GNP (FC) = 300 plus 15 = 315
<u>Now, we can calculate GDP by by substituing the values into the formula.</u>
GDP = 315 minus 10 = 305
Thus, the value of U.S. GDP is $305 billion
Therefore, the correct answer is option C
Had to look for the options and here is the answer. The statement that is true regarding paying both with a check and a debit card is that both are accepted by most people and most businesses. Both of these require getting some amount from your account as a form of payment. Hope this helps.