Answer:
&175
Explanation:
Breakeven price is the minimum price a product or service must be sold to cover the cost of producing it. Its aim is to ensure that items are not sold at a loss.
In the scenario given ,
Cost of room reservation = $3000
Cost of room / student = $3000/20 = $150
Course materials per student = $25
Total cost of course materials = $25 * 20 =$500
Total cost of training = $3,500
Target attendees = 20
Breakeven price = $3500/20 = $175
its not b. the periods net income to be understated
Answer:
C. Best use resources to maximize satisfaction of economic wants
Explanation:
Economics is a social science that studies human behaviour in relation to ends and scarce means resulting in alternative uses. This definition by Lord Robbins deals with the basic concept of economics.
Human wants are unlimited however, the resources available to satisfy these wants are limited hence choices have to be made in other of importance for the allotment of the limited resources in satisfying the unlimited wants resulting in scale of preference and opportunity cost.
The correct answer is 40 million additional visitors per year.
Suppose the first bill is passed, raising the probability of catching any given terrorist from 10% to 20%. However, this isn't enough for some. One representative introduces a bill that would increase security by an additional 10 percentage points, from 20% to 30%. Again, assume these measures do not change the position of the blue curve.
The opportunity cost of this additional measure is 40 million additional visitors per year.
Answer:
The correct answer is the option A: True.
Explanation:
To begin with, in the economics science field and the accounting theory the concept known as the balance sheet refers to a particular report that the managers have to do and understand in order to keep the control of everything inside the organization because it basically shows what the company posses, what it owns and to who it owns it with the characteristic of emphasizing it in a determine duration that could commonly be a year. Moreover it is separated in two main sides, the assets and financing, with this last one separeted in liabilities and owner's equity.
