Answer:
Net profit is more important to consider because it accounts for all the costs associated with making and selling the product and it includes the operating expenses that are excluded from gross profit. Gross profit is the profit made after deducting costs associated with making and selling its products, or the costs associated with providing its services.
Answer:
c. progressive tax
Explanation:
Progressive tax can be regarded as one of the tax structure whereby the tax payer that receive higher incomes in the state pay a higher share of taxes from the income they made, which is different from those that receive Lower income. It is a tax system whereby when there is increase in tax rate then the taxable amount increases too. It should be noted that the tax structured where people with the same income pay the same percentage of their income in taxes is reffered to as progressive tax. wealth/property tax is one of the example of progressive tax.
Answer:
In six months, Linda will pay : $480
Final payments :$819
Explanation:
The monthly payments are $80 for six months.
For six months, Linda will have paid $80 times six months
=$80 x 6
=$480
The amount for her final payments will be the total of the two items minus the installment payments
=$1,299 - $480
=$819
Buying products produced in another country is known as importing.
Exporting is selling products done in the country abroad.
Trade protectionism is a State's disposition that interferes with free trade in order to protect and encourage local production. It consists of barriers to importation, like heavy duties or prohibition of importing certain products.
Comparative advantage is the specialization in the production of a certain good that has lower opportunity costs of production than competitors. For example, a country with plains and grasslands has a comparative advantage for specialization in agriculture.
As you can see, importing is the correct answer, because it consists of buying goods and services abroad for consumption in one's country.
Learn more in the link below:
brainly.com/question/4126723
#SPJ4
Answer:
A. Yes, it should continue to produce because the firm's revenues cover the total variable cost of $16,000.
Explanation:
A perfect competition is characterised by many buyers and sellers of homogenous goods and services. Market prices are set by the forces of demand and supply. Market participants are price takers.
In the short run ,if price is less than average variable cost, the firm should shutdown.
Also, if total revenue is less than the total variable cost, the firm should shutdown into the short run.
Total revenue = $10 x 3000 = $30,000
Total cost = Fixed cost + variable cost
$36,000 = $20,000 + variable cost
Variable cost = $16,000
Total revenue is greater than total variable cost, so the firm should continue operations in the short run.
I hope my answer helps you
