Answer:
[2] goods market and factor market.
Explanation:
The circular flow of income shows how exchange of money, goods and services occur in an economy.
the two flow circular income model consists of an household and a firm.
The household buys factors of production from the household in exchange for money (firms buys from the factor market). In return, households receive payment.
households then go to the goods market to purchase goods and services.
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When you purchase an item in a store you may be charged by Sales tax. It is <span>a tax on sales or on the receipts from sales.</span>
Alright, well look like this:
Public goods are goods that are open to anyone. They can’t turn down customers, and they can’t turn down even people who don’t pay.
Excludable goods means the people CAN turn away those who don’t pay. So, this is wrong.
Goods for a profit means that no matter what, they make money. Meaning those who can’t pay can still be turned away.
Privately owned goods can be turned away to and from anyone. This is also wrong.
Nonexcludable goods means that ANYONE can use this good or service, they aren’t for profit, they are non-rivalrous, etc. This is your answer.
<span>~Hope this helps!</span>
Answer:
$275,700 Decrease
Explanation:
Calculation to determine what The impact on Granfield's operating income for eliminating this business segment would be:
Using this formula
Impact on Operating income=Saving in Relevant fixed cost -Loss of Contribution Margin of backpack division
Let plug in the morning
Impact on Operating income=($530,000*40%)-($965,700-$478,000)
Impact on Operating income=$212,000-$487,700
Impact on Operating income=$275,700
Decrease in net Operating income
Therefore The impact on Granfield's operating income for eliminating this business segment would be:$275,700 Decrease
