A product market focuses on finished goods purchased by consumers, businesses, the public sector and foreign buyers.
Answer:
The correct answer is option A.
Explanation:
A perfectly competitive market has large number of sellers producing homogenous products. As a result, no single firm is able to affect the price level. So all the firms have their individual demand curves as a horizontal line at the price level.
This demand curve also represents marginal revenue. The firm is able to maximize profit when the price and marginal revenue is equal to the marginal cost.
Here, the revenue earned from the last unit of product is equal to the cot incurred in producing the last unit.
The total income of the company will be 114.400$ after a month. Hence, to find the net operating income, we need to subtract from it the various costs. The cost per product is 4.20$. Hence, since we have that 10000+1000 products are sold (+1000 through ads), the total cost of these is 11000*4.20=46.200$. We also have that there is a fixed monthly cost of 10.400$ and a budget for advertisement of 4.400$. Hence, the total cost is 46.200+10400+4400=61000$. Now, we need to subtract this total cost from our income. NOI=114.400-61000=53.400$ where NOI stands for Net operating income.
The Industrial Revolution was characterized by the increased emphasis on production which resulted to a longer hours and less job security for most workers.
<h3>What is an
Industrial Revolution?</h3>
This was a period that experienced a rapid development of industry because of the introduction of machinery.
The Industrial Revolution was characterized by use of steam power, growth of factories, mass production etc
Therefore, the Option A is correct.
Missing options "A. increased emphasis on production, resulting in longer hours and less job security for most workers.
B. migration of manufacturing jobs from the Midwest and Northeast to the South as firms began locating in areas where labor costs were lower.
C. rapid improvement in the wages and working conditions of most workers, resulting in a decline in the need for labor unions.
D. movement away from scientific management, and a greater acceptance of the ideas of Herzberg and Maslow."
Read more about Industrial Revolution
<em>brainly.com/question/13323062</em>
Luxury items in a budget come from : D. Saving
People tend to buy luxury items after the other crucial needs are met, which means that it will be most likely that the budget came from the income that is intended for saving
hope this helps
