Answer:
c. dairy farming
Explanation:
Free entry can be defined as the situation in which business firms such as sellers of goods or service providers can enter into the market freely and start selling to consumers.
This ultimately implies that, there are no legal barriers or just a minimum barrier, if any for new firms starting the same business as others.
Hence, dairy farming is the industry which is most likely to exhibit the characteristic of free entry.
A diary farming is one of such industries that allows new agents to come into the business without any barrier because it simply involves the production of essential commodities such as milk, beef etc which are usually required on a large scale in an economy.
The factor that contributes to the popularity of cable TV advertising is "wide reach."
Unlike the normal print, newspaper, radio, or local television stations, cable TV advertising can reach a larger audience.
This is evident in the fact that Cable TV adverts can be viewed anywhere in the country and across the globe.
Also, another advantage is that it can easily be tied to a particular program, such as sports programs and other exciting programs.
Hence, in this case, it is concluded that the correct answer is option A. "Wide Reach."
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Answer:
B, In response to low crop prices and overproduction, it is being replaced by intensive subsistence farming.
Explanation:
A market economic system is one in which laws of demand and supply determine the production of goods and services. Agriculture in market economic systems is not being replaced by subsistence farming because subsistence farming is low scale farming that meets the needs of a family and as such is not affected by any laws of demand and supply as in commercial farming.
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Answer:
You will earn $52.96 in interest
You have $1,052.96 in total.
Answer:
option A
Explanation: A firm cannot avoid paying taxes on previous profits as these profits were earned before the shutting down period and generally the taxes on profits for current period are paid at a later period. Thus option B is incorrect.
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Revenue is the total income that a business gets from its normal operations and variable cost is the cost that changes with the level of output. Thus, there will be no revenue and also variable cost. Hence option C is incorrect.
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Sunk cost are the costs that cannot be recovered and are already been incurred.So a company can avoid its variable cost by shutting down but not its sunk cost. Hence option D is incorrect.
.
Fixed costs are the costs that are independent of the level of output. Therefore, a company after shutting down will not receive revenue but will have to bear fixed cost. Hence option A is correct.
