Answer and Explanation:
The capital expenditure is the expenditure which is held for a capital asset i.e fixed assets for improving life, production, etc. It is a one-time expenditure
While on the other hand the revenue expenditure is the expenditure which is incurred on daily basis i.e frequently like repairs, maintenance
So based on the above, the classification is as follows
a. Capital expenditure
b. Revenue expenditure
c. Revenue expenditure
d. Capital expenditure
The computation shows that the amount that will be made will be $420.
<h3>How to compute the value?</h3>
From the information, it was stated that a particular plot of land can produce 700 kg of beef per hectare. beef sells for $4/kg.
It was then stated that if that land is converted to producing corn, which sells for $0.15/kg, approximately how much will the farmer make selling corn.
The amount made will be:
= 700 × 4 × 0.15
= 700 × 0.6
= $420
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It is number D because if there’s an increase in supply but not change in demand then the equilibrium price will rise and the quantity will increase
Answer: Monopolistic competition
Explanation:
This is a market in which large numbers of producer sells differentiated products in terms of quality or branding. The ability to differentiate the products makes it possible for the different firms to practice price discrimenation which is further strengthen through advertising of the product, the price differences may force a firm out of the market if the demand for it's products falls significantly.
