Answer:
Option (a) is correct.
Explanation:
Alland can produce 32 units of food per person per year or 16 units of clothing per person per year:
Opportunity cost of producing a unit of food = (16 ÷ 32)
= 0.5 units of clothing
Opportunity cost of producing a unit of clothing = (32 ÷ 16)
= 2 units of food
Georgeland can produce 36 units of food per year or 18 units of clothing:
Opportunity cost of producing a unit of food = (18 ÷ 36)
= 0.5 units of clothing
Opportunity cost of producing a unit of clothing = (36 ÷ 18)
= 2 units of food
Therefore, the Georgeland has a absolute advantage in producing both the goods because it can produce more quantity of both the goods with the same resources as Alland. But the Georgeland has not having comparative advantage in producing either of the goods.
Answer:
a) gross impressions
Explanation:
First of all, impressions are the times an individual member of an audience is exposed to a certain advertisement.
Gross impressions refer to the total amount of times a group of individuals (or households) that are exposed to a certain advertisement during a given media schedule or program.
A single individual might be exposed several times to the same advertisement, therefore the number of gross impressions may exceed the total audience of the media.
Gross rating points measure the audience of a media while gross impressions measure the number of times the audience is exposed to a certain advertisement.
Answer:
Break-even point (dollars)= $362,400
Explanation:
Giving the following information:
Unit sales 50,000
Units Dollar sales $500,000
Fixed costs $204,000
Variable costs $187,500
<u>First, we need to calculate the contribution margin ratio:</u>
Contribution margin ratio= total CM / Sales
Contribution margin ratio= (500,000 - 187,500) / 500,000
Contribution margin ratio= 0.625
<u>Now, the break-even point in sales dollars:</u>
Break-even point (dollars)= fixed costs/ contribution margin ratio
Break-even point (dollars)= 204,000 / 0.625
Break-even point (dollars)= $362,400
