Answer:
$337,500
Explanation:
Data provided in the question
Cost of an equipment = $500,000
Increased in sales = 25%
Currently number of tons made per year = 75 tons
Selling price per ton = $18,000
Based on the above information, the increased in revenue next year is
= Increased in sales × Currently number of tons made per year × Selling price per ton
= 25% × 75 tons × $18,000
= $337,500
By applying the above formula we can get the increased in revenue amount
Explanation:
They all have a cycle, and have something to do with money. The merchandisers promote the items, people sell them , and purchasers buy them. Simple.
Answer:
A.
Explanation:
Determining whether a good is normal or inferior depends on individuals. When there is a rise in the income of a person and he/she buy more of a good, it shows that good is normal. When there is a rise in a person income and there is a decrease in the demand for goods, then the product is inferior.
Therefore, it is an individual who determines whether a good is normal or inferior. Thus option A is correct.
Answer:
B. the reduction in economic surplus resulting from a market not being in competitive equilibrium.
Explanation:
Deadweight loss is inefficency in the market that occurs when demand and supply aren't in equilibrium. As a result of this inefficiency consumer and producer surplus falls.