Answer:
The break-even point in economics, business—and specifically cost accounting—is the point at which total cost and total revenue are equal, i.e. "even". There is no net loss or gain, and one has "broken even", though opportunity costs have been paid and capital has received the risk-adjusted, expected return.
Explanation:
Answer:Please refer to Explanation
Explanation:
Cross Price Elasticity of Demand is a very useful tool in Economics to ascertain if goods are compliments or Substitutes.
Cross Price Elasticity of Demand (CPSD) measures the change in demand in one good due to a change in price is the other good.
If the CPSD is negative then the goods are Compliments meaning that they are used together which is why when the price of one good goes down, the demand of the compliment goes up because more of the original good will be bought due to the lower price.
If the CPSD is Positive, it means that they are Substitutes and a Decrease in price in one good leads to a decrease in demand for the other good because people will demand less of it and switch to the former (now cheaper) good.
The formula is,
= % change in Quantity Demanded of Product A /% change in Price of Product B
a. Splishy splashies and Flopsicles
CPSD = -18%/-1%
= 18%
The CPSD for both these products is 18% which is a positive figure. This means that they are Substitutes and <u>should not be marketed together. </u>
b. Splishy Splashies and Flopsicles
CPSD = 3%/-1%
= -3%
With the CPSD being a negative figure here, these goods are Compliments.
Splishy Splashies and Flopsicles <u>should be Marketed together</u> as they compliment each other.
Answer:
D works for a company and produces resources to make a prpduct
The buyer's agent is responsible for following up on issues identified in the inspection report to ensure that they are addressed.
<h3>What is a buyer's agent called?</h3>
Long story short: a buyer's agent can technically be called the “selling agent,” once a contract has been entered into.
A listing agent is referred to as the “seller's agent,” since they are representing the seller.
<h3>What is the difference between agent and buyer?</h3>
A seller real estate agent will work only for the seller and have only the seller's interest at heart.
A buyer's broker will work only for the buyer and have only the buyer's interest at heart.
Learn more about buyer's agent here:
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brainly.com/question/15026765</h3><h3 /><h3>#SPJ4</h3>
