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3 years ago

Fixed cost per unit is inversely proportional to the volume of units produced.

1 answer:

5 0

True. Fixed cost per unit is inversely proportional to the volume of units produced.

Fixed costs per unit are inversely proportional to the volume produced because depending on the amount of units made, the amount spent on fixed costs is then based. Because they are related to one another, this statement is true.

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The point that each glass of lemonade consumed on a hot day brings lower and lower levels of satisfaction is known as the princi

givi [52]

Answer:

decreasing marginal benefit.

Explanation:

A consumer measures the amount of satisfaction gained by consuming a product in making a buying decision.

When a person comes a product his satisfaction increases up to a point, and from that point as consumption increases the satisfaction derived reduces.

Consumption after this point is known as decreasing marginal benefit to the customer.

This affects the customer's willingness to buy more of this product. Patronage of lemonade will reduce as the customer looks for another product to satisfy his needs.

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3 years ago

$1500 for supplies to sell at a football game. Total receipts for the venue was $3,700. What were her expenses as a percentage o

topjm [15]

Answer:

$\large\boxed{\large\boxed{41\%}}$

Explanation:

You need to assume that the total expenses were equal to the cost of the supplies, i.e. there were not other expenses but the $1,500 for supplies to sell.

The total income or revenue was $3,700.

The percentage of the expenses to the revenue is:

$Percentage=\dfrac{expenses}{revenue}\times 100\\\\\\ Percentage=\dfrac{\$1,500}{\$3,700}\times 100=40.5\%\approx41\%$

4 0

3 years ago

What are business letters

vichka [17]

Professional letters for business

8 0

3 years ago

1. What are reserves held by banks?

Paraphin [41]

Answer:

This is what I found!

Explanation:

Bank reserves are the cash minimums that must be kept on hand by financial institutions in order to meet central bank requirements. The bank cannot lend the money but must keep it in the vault, on-site or at the central bank, in order to meet any large and unexpected demand for withdrawals.

7 0

2 years ago

Assume all markets are in long-run equilibrium. Market price in a duopoly would be ________ the market price in a monopoly, and

Vladimir [108]

Answer:

Assume all markets are in long-run equilibrium. Market price in a duopoly would be greater than or equal to the market price in a monopoly, and less than or equal to the market price in a competitive market.

Explanation:

That is the logical answer to the question about markets that are in long-run equilibrium.

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3 years ago