Answer: The Production Possibilities Curve (PPC) is a model that captures scarcity and the opportunity costs of choices when faced with the possibility of producing two goods or services. Points on the interior of the PPC are inefficient, points on the PPC are efficient, and points beyond the PPC are unattainable.
Answer: Joint Venture
Explanation:
Joint Venture is a form of business whereby two parties will have to come together and utilize their resources and put their skills together as well in order to achieve a common goal.
Zen Corp, an Australian company, and Pluto Inc, an American company, entered into a one-time contract to build an elevated expressway in Florida. The contract was for a period of five years and both companies were equally liable under their agreement. This is a form of joint venture.
Answer:
$234,615.38
Explanation:
The computation of the break-even in sales dollars for Division Q is shown below:
Contribution Margin Ratio for the Division Q is
=Contribution Margin ÷ Sales × 100
= $187,720 ÷ $361,000
= 52%
ANd, Traceable fixed expenses = $122,000
Now
break-even in sales dollars for Division Q is
= Traceable Fixed Cost of Division Q Contribution Margin Ratio for the Division Q
= $122,000 ÷ 52%
= $234,615.38
Equipment//Supplies, Inventory, Insurance, Office Space, License, Permits, Employee Salaries, Advertising and Marketing.
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Answer:
The description including its given issue is discussed in the following subsections on the explanation.
Explanation:
The opportunity cost asserts that whenever the quantity of a commodity falls, it's as though the earnings of that same purchaser including its good started going up. The substitution hypothesis notes because as the rate of a decent increase, buyers will replace the cheapest good with products that seem to be comparatively more costly.
Throughout the cases of common goods, the substitution effect becomes negative, meaning that even if the alternative price decreases, the market for the same commodity increases.
Income influence also becomes negative throughout the case of typical goods, i.e., unless the cost of healthy food declines, it implies the buying power Rises because.
If Package of Chewing Gum's price drops, the income as well as substitution result would be the following factors:
- Substitution effect: Chewing cost reduces the market for gum even though it is comparatively cheaper nowadays. Moreover, even though chewing gum, as well as a lollipop, become ideal replacements for one another and, it would provide that customer with the same benefit such that the reduction in price would lead to higher demand.
- Income effect: Benefit of income: reduction in Chewing price change would raise the customer's buying ability because for the same earnings, nowadays the customer will afford more.
Currently, the need for chewing would be increasing due to increased customer productive capacity.
