Answer: c. decrease.
Explanation:
If the cost of operating airplanes increases on account of gasoline prices rising, it means that running an airline service would be more expensive.
In the long-run, there is zero economic profit as companies keep entering and exiting the market. If costs increase as they have done here, there will be an economic loss. Several firms will therefore exit in order to avoid these costs which would lead to the number of airlines decreasing.
When they decrease, prices will then go up till the economic profit is zero once more.
Answer:
Top level managers
Middle level managers
First level mangers
Explanation:
Management involves the process of planning, organizing, directing and controlling. These functions are carried out by the top level managers, middle level managers and first level managers.
Top level managers are those in charged of setting the long term goal of a company, they are basically the board of directors of a company.
The middle managers are the engine of a company, they push the line managers to work and supervices their work.
The first level managers are also known as floor managers, they oil the engine of the company.
Answer:
Option (E) is correct
Explanation:
Given that,
Anticipated unit sales = 31,600
Selling price = $20,
Variable cost per unit = $8,
Total fixed costs = $360,000
Break-even point:
= Total fixed costs ÷ (Selling price - Variable cost)
= $360,000 ÷ ($20 - $8)
= $360,000 ÷ $12
= 30,000 units
If Santa Fe’s unit sales are 300 units more than anticipated, then as a result the break even point remains the same because increase in the unit sales will not impact the break even point.
Mariam should scan those articles. Skimming and scanning are two diverse reading aptitudes. Skimming implies taking a gander at a content or section rapidly with a specific end goal to have a general thought of the substance (read it quickly) while scanning implies taking a gander at a content to locate some specific data.
Answer:
Laissez-faire capitalism
Explanation:
Laissez-faire capitalism allows very little room for the national government to regulate trade or restrict the use of private property, even in the public interest. Americans strongly embrace capitalism, but they do endorse some restrictions in the interest of protecting the public.