Selling price = $4.50
Copies sold = $1 million
Fixed costs = $1 million
Unit variable costs = $0.50 per magazine
Sales = $4,500,000
Fixed costs = $1 million
Variable costs = $500,000
Revenue = Sales - fixed costs - variable costs
Revenue = $4,500,000 - $1,000,000 - $500,000
Revenue = $3,000,000
The above is an example of property rights facilitating exchange.
<h3>What is property right?</h3>
This refers to the legal right to own a property whether or not they are tangible or intangible.
Property rights enables one to do the following:
- A person has the authority to own a property.
- The property can be used within the law as he deemed fit.
- Receive any income that the property generates.
Hence, the above is an example of property rights facilitating exchange.
Learn more about property rights here: brainly.com/question/913138
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Repayment Limitation Table for 2017
Household Income Percentage of Federal Poverty Line Limitation Amount for Single Limitation Amount for all other filing statuses
At least 200%, but less than 300% $750 $1,500
At least 300%, but less than 400% $1,275 $2,550
400% or more No limit No limit
A commission agent works for businesses of all sizes as a middleman between companies and vendors. A person in this role can work in many industries, from real estate to sales and entertainment, and in many parts of the world. A commission agent can also work for more than one business at a time.
1. = A
2. = B
3. = D
4. = E
5. = C
Probably....