Answer:
Experience an inward shift of its production possiblity curve.
Explanation:
Production possiblity curve is a graphical representation of the maximum number of products that a company can produce, if it produce only two product using all the resources efficiently. The maximum production possiblity of one product is shown on one side graph and another product on other side to compare which product can be produced to reduce cost and wastage while maximizing the profit. This also help the management to know the effecient use of resources or factor of production; Land, labour, capital and entrepreneurship. Therefore, lack of resources to Cuba have lead it´s economy to decline.
Despite that 4Ps helped to remember the basics components of the <u>marketing mix</u>, they do not reveal all the components in the marketing process.
<h3>What is Marketing 4Ps?</h3>
The Marketing 4Ps is an economic model that enhances the components of a firm "marketing mix", that is, they enhance the way firm take a new product or service to market.
The Marketing 4Ps includes price, product, promotion and place.
However, the marketing mix does not reveal all the components in the marketing process.
Read more about Marketing 4Ps
<em>brainly.com/question/859394</em>
Answer:
Variable Cost -$448,000
Explanation:
The contribution margin formula it's : Net Sales - Variable Costs: Contribution Margin
The contribution margin indicates how much money the company has to cover its expenses not included in the cost of the goods or the variable costs, it is the remaining amount that is used to pay the administrative and sales expenses.
In this case:
Sales : 16.000 x $40 (price) = $640,000
Contribution Margin 30% which means 30%*$640,000 = $192,000
The difference it's the Variable Costs = -$448.000
Answer:
C. Company A is not bound by the contract because of illegality
