Answer:
a. multiplying total income by the APC.
Explanation:
The income model is also known as a revenue model and it is a spreedsheets formula used by individuals or organizations to identify the best income source to explore, what goods and services to offer, pricing of these goods and services, and who is the target audience (consumers).
Total income can be defined as the overall amount of money that is being earned by an individual or a household before any deductions such as tax.
One can determine the amount of any level of total income that is consumed by multiplying total income by the average propensity to consume (APC).
An average propensity to consume (APC) is a measure of the amount of money as a percentage that is being consumed by an individual or household rather than being saved.
Answer:
scarcity
Explanation:
Based on the information provided within the question it can be said that this scenario is causing the economic concept of scarcity to be applied. In the context of economics, this term refers to something that is being limited and thus creating a gap between the limited resource and the possible limitless wants/demand that may exist.
Answer:
cost = 214528
Explanation:
the cost of the asset includes
. purchase price
. directly attributable cost and
. certain future costs
in the given scenario
purchase price = 196022
direct. attributable cost :
commission cost = 16158
net removal cost (4993-2645) = 2348
total cost of land = 214528
<span>The largest cattle rancher in a given region will be unable to have a __________ when sufficient numbers of smaller cattle ranchers provide sources of competition.
Monoply
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