Answer:1 B. Cost Center
2.A. Revenue Centre
3D. Investment Center
4 C. Profit Centre
Explanation:
The duty and power of a centre determined is responsibility centre a unit that is basically involved in production will be responsible for cost, a unit that is involved in sales will be a revenue centre, a unit that combines sales, production and asset will be an investment center and a unit that combines revenue and cost is a profit center.
Answer:
c. This increases only U.S. net capital outflow.
Explanation:
The net capitaloutflow is determinated by comparing the investemnt abroad with the investment of other countries in the national economy.
investment in foreing countries - investment from foreing countries.
In this case the US firm is investing abroad, therefore inceasing the net capital outflow of the US.
The Korea net capital outflow will decrease. because it is receiving investment.
Financial and economic stability is controlled and enforced by the European Central Bank (ECB).
<u>Explanation:
</u>
The main goal is to control markets and to promote economic growth as well as the development of jobs.
Specifies the inflation it loans to the Euro-zone financial institutions, thus regulating money supply and prices.
- Managed financial assets of the euro and the sales and acquisition of assets to align market prices.
- Secure the European financial framework and maintain its sustainability.
- Controlling market trends and assessing controlling inflation threats.
- Authorizes Euro coin manufacturing by Euro area countries.
Answer:
<u><em>Part 1. </em></u>
- <em>Average cost per day of a three-day pass</em> = $53.33/day per person
- <em>Marginal cost of adding the third day </em>= $190 - $160 = $30 per person
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<em><u>Part 2.</u></em>
- <em>Group's marginal cost of switching from the two-day pass to the three-day pass</em> = $180
Explanation:
The total <em>cost</em> is the <em>admission charge</em> ($60) plust the cost of the pass ($100 or $130).
For a <em>two-day pass</em> that is: $60 + $100 = $160, per person
For a <em>three-day pass</em> that is: $60 + $130 = $190, per person
<u><em>Part 1. The average cost per day of a three-day pass per person. </em></u>
The <em>average cost</em> is the total cost divided by the number of days.
- <em>Average cost</em> = $160/3days = $53.33/day per person
The <em>marginal cost of adding the third day</em> per person is found by subtracting the total cost for two days from the total cost for three days:
- <em>Marginal cost of adding the third day</em> = $190 - $160 = $30 per person
This says that althoud the average cost for the three days is $53.33 the cost of adding the third day is $30, which is much lower; thus, it is a good deal to buy a three-days pass, as they are interested in spending a lot of time there.
<u><em>Part 2. The group's marginal cost of switching from the two-day pass to the three-day pass</em></u>
<em></em>
Since the <em>marginal cost of switching from the two-day pass to the three-day pass</em> is $30 per person, the marginal cost for the 6-person group is 6 times $30:
- 6 persons × $30/person = $180.
Answer:
what are products that consumers demand less of when their income rises
Products that consumers demand less when their income rises are referred to as inferior goods
Explanation:
It is a natural phenomenon in economics that when there is an income rise from the consumers end, it changes their taste for a higher one which makes demand for some goods less and tagged them as being inferior
