Answer:
B. a decrease; a decrease
Explanation:
Substitutes' goods are products that can be consumed in place of each other. If one product is missing, consumers will be ready and willing to buy its substitute. An increase or fall in the price of a good or services will cause the demand for its substitute to move in the opposite direction.
Equilibrium quantity is when supply matches the demand. If the price of Tuna fish decreases, its demand will increase as more customers will afford it. Tuna and chicken are substitutes, should the price of Tuna decrease, customers will prefer to consume Tuna over chicken. Consequently, the demand for chicken will reduce w leading to a decrease in its price.
Answer: -$85
Explanation:
If Valerie does not get a ticket then she would have a positive payoff of $15 because she avoids the cost of finding parking.
Should she get a ticket however, she will have a payoff of;
= Cost of finding a legal parking - ticket charge
= $15 - $100
= -$85.
<span>d. want to provide the opportunity for interested parties to express opinions and provide feedback (I THINK)</span>
Answer: Business motive
Explanation:
The primary motive for setting up private enterprises is strictly for profit , it equally believe in profit maximization in which it's a
market price taker i.e it takes the highest price available in the market.
Public enterprises can have diverse reasons for it's establishment, sometimes it's to provide essential services to the populace and it does not normally takes it's price from the market.
This explains some of the reasons for the price difference in the above analysis.
Answer:
$3.35 per unit
Explanation:
The computation of the fixed cost per unit is shown below:
Given data
Total fixed cost = $764,000
Total cost i.e fixed cost + variable cost = $1,040,000
Total units produced = 200,000
The units is 228,500
So, the fixed cost per unit is
= Total fixed cost ÷ Number of units
= $764,000 ÷ 228,500 units
= $3.35 per unit
By dividing the total fixed cost with the number of units we can get the fixed cost per unit
