<u>Answer:
</u>
The given chart shows the link between interest in a product and the price a consumer pays.
<u>Explanation:
</u>
- The more the interest a person has in a product, the more willing he is to pay any demanded price for the product.
- On the other hand, if a person is not at all interested in a specific product, he would not buy it even if it is available at the cheapest price in the market.
Answer:
Rhonda would like to sell her existing digital camera to upgrade to a more sophisticated one by advertising on the bulletin board in the student center. She decides against it because the used digital cameras listed on the board are underpriced. This describes the problem of__Adverse selection______.
Explanation:
Adverse selection is the situation whereby one party in a negotiation process has the relevant, important, and necessary information that the other party lacks about product and services, usually in favor of the seller.
Answer:
Categorization of Statements
Promotion of Economic Growth:
- clear laws regarding the transfer of property from one person to another
- the enforcement of trademarks
- A nation's central bank declares it will print money to pay for government expenditure.
- the use of competitive markets to allocate goods and services
Inhibition of Economic Growth:
- the creation of a price floor on sugar
- the development of regulations that make creating small businesses difficult
- a corrupt government
Explanation:
Economic growth can be increased by the reduction of the borrowing costs and interest rates and encouraging consumer spending and business investments.
The factors that inhibit economic growth also create market inefficiencies. They include lack of basic infrastructure, healthcare, and education, capital flight and economic uncertainties, ageing population, political instability, and rampant corruption.
Answer:
the company's markup percentage would be computed on the basis of: $45
Explanation:
Absorption Costing Treats Both the <em>Variable</em> and <em>Fixed</em> Manufacturing Costs as Product Costs.Non- Manufacturing Cost are treated as Period Costs or Expenses in period in which they are incurred.
Absorption manufacturing-cost pricing formulas establishes the <em>selling prices</em> of items by adding a <em>mark-up </em>on top of the absorption cost.
<u>Absorption Cost Calculation for Product Costing is as follows</u> :
Variable manufacturing cost $30
Fixed manufacturing overhead $15
Total Cost $45
Answer:
B. $1,728
Explanation:
Data given in the question
Number of computer equipment purchased = $30,000
So, by considering the above information the maximum depreciation expense is
= Number of computer equipment purchased × depreciation rate under MACRS for 5 years property × half year basis
= $30,000 × 11.52% × 0.5
= $1,728
Refer to the MACRS table to find out the depreciation rate
