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Romashka-Z-Leto [24]
4 years ago
7

Describe a product, and then give an example of a time when the demand for this product night be high and the demand for this pr

oduct night be low.
Business
1 answer:
Yakvenalex [24]4 years ago
7 0
Icecream, the demand for icecream increases as the temprature becomes hotter but decreases as the temprature cools down
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Samuel's Mexican Restaurant incurred salaries expense of $ 64,000 for 2018. The payroll expense includes employer FICA​ tax, in
barxatty [35]

Answer:

SAMUEL's MEXICAN RESTAURANT

Date                Description                                 DR                        CR

2018               Salaries expenses                    64,000

                       Decduction                                                     15,000

                       cash                                                                 49,000

                Employee benefit                             8,180

               Health insurance                                                   2100

               Life Insurance                                                          320

             Retirement benefit                                                   5760                      

Explanation:

8 0
3 years ago
What are each individual’s opportunity costs of producing fish and rabbit? Which person has an absolute advantage in producing f
Anna007 [38]
<h2>The following are each individuals opportunity cost, absolute advantage, and comparative advantage in producing fish and rabbits: </h2>

<h3><u>Opportunity cost: </u></h3>
  • The individual who is producing rabbits pays the opportunity cost for not producing fish, whereas, the individual who is producing fish pays the opportunity cost for not producing rabbits.

<h3><u>Absolute advantage: </u></h3>
  • The individual who bears the lowest marginal cost in producing rabbits has an absolute advantage in producing rabbits and the one who bears the lowest marginal cost is producing fish has an absolute advantage in producing fish.

<h3><u>Comparative advantage: </u></h3>
  • The individual who has the lowest opportunity cost in producing fish instead of rabbits has a comparative advantage in producing fish and the one who has the lowest opportunity cost in producing rabbits instead of fish has a comparative advantage in producing rabbits.
6 0
3 years ago
Annalise received financial aid offers from two universities.
kogti [31]

Answer:

Option A will save her $4,500

Explanation:

Calculation to determine Which statement about the costs per year is true

First step is to calculate OPTION A cost per year

Option A Costs per Year

Work-Study $4,000

Tuition & Fees $10,000

Scholarship & Grants $7,000

Room & Board $11,500

Total $18,500

Second step is to calculate OPTION B cost per year

Option B Costs per Year

Work-study $4,000

Tuition & Fees $28,000

Scholarship & Grants $18,000

Room & Board $9,000

Total $23,000

Now let determine Which statement about the costs per year is true

Costs per year= $23,000-$18,500

Cost per year=$4,500

Therefore the statement about the costs per year that is true will be: Option A will save her $4,500 because the cost per year for OPTION A is LESS COSTLY than that of option B by $4,500.

7 0
3 years ago
How is a checking account different than a savings account?
mars1129 [50]
A checking account is used for like buying groceries and stuff and a savings account is used for place for money that you want to save for a later basis<span />
3 0
3 years ago
Read 2 more answers
Two types of cars (Deluxe and Limited) were produced by a car manufacturer last year. Quantities sold, price per unit, and labor
soldier1979 [14.2K]

Answer:

See answers below

Explanation:

The formula for labor productivity = Monetary value of goods and services produced / Total number of hours worked.

• Deluxe car = (2,600 × $7,600) / 19,000 hours × $13

= $80

5 0
4 years ago
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