Answer:
(b) purchase contract with no contingencies.
Answer: 22,000.
Explanation: 105,000-83,000 Is 22,000
Answer:
a) the demand curve for freeway space shifts leftward.
Explanation:
If more people join the carpools, there will be less car on the roads since they travel together, so less freeway space needed. Because the situation is not the change in price, at the certain level of price, people need less freeway space. Thus, the demand curve for freeway space shifts leftward.
Answer:
$506,000
Explanation:
The gross profit of a company is the balance left after the deduction of costs associated with producing or selling of the company's goods or cost associated with providing services from the net revenue
The gross profit is simply calculated as
= Net revenue - Cost of goods sold
= $870,000 - $364,000
= $506,000
Therefore, Callie's gross profit is $506,000
Answer:
C. They produce most available goods and services.
Explanation:
In A free market economy, the production of goods and services is done by the private sector. The government's participation in economic activities is limited. The private sector owns and controls the majority of the factors of production. The private sector owns factories, manufacturing, and other businesses in the economy.
In the free market economy, profits are the primary motivating factors to engage in business. The private sector produces goods and services that will generate profits for the businesses.