Answer:
Top 5 industries in Houston:
- Petroleum and coal products.
- Chemicals.
- Oil and Gas extraction.
- Construction and Mining machinery.
- Plastics.
Other sectors supported by Energy sector.
- Real Estate - oil workers are able to rent and buy houses.
- Finance and Insurance - due to investments in the Energy industry as well as salaries enabling investments in other finance products.
- Retail Trade - Employees in energy are able to afford goods and services offered by retail trade thereby supporting the sector.
- Government - Huge taxes generated from energy sector jobs contribute to both the Federal and State governments.
- Agriculture - As is the case in other sectors, energy sector employees spend a lot on food which props up the agricultural sector.
- Construction - With the massive construction projects needed in the energy sector, the construction sector gains massively from interacting with the energy sector.
That statement is False
Even though is true that export supply is a portion of the domestic supply, but the moment there's an export of products, the curve will curve above the no-trade equilibrium price ( which only stated the equilibrium price when there's no international trade)
Break-even point (in dollar sales):
Determine the monthly break-even point for the new toy in dollar sales as shown below:
Break-even point (in sales dollars) = Break-even point (in units) × Selling price per unit
=50,115 units $2.60 each
= $130,299
Thus, the break-even point (in sales dollars) is $130, 299.
The break-even point is the point at which total costs equal total sales. In other words, there is no loss or profit for small businesses. This means that we have reached a stage of production where the cost of production equals the revenue of the product. A breakeven point is used in multiple areas of business and finance.
Learn more about the break-even point at
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