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Hatshy [7]
3 years ago
9

1. Formulate a unique business idea and state the mission and vision statements

Business
1 answer:
vaieri [72.5K]3 years ago
7 0
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Third-Party Woes. Trudy owed Sam $40 for a book she purchased from him. Trudy mowed Betty's yard for $40 and agreed with Betty t
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Refer below.

Explanation:

Answer is intended both & Done.

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Which principle of design is used to make one element of a design stand out?
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Mikail's perfectly competitive camera memory card–producing factory is making positive economic profits. If the price of memory
irina1246 [14]

Answer:

B. $6000

Explanation:

Given that

Price = $9

Average total cost (ATC) = $7

Output (Q) = 3000

Two methods can be used in calculating profit in this case.

The first method is

Profit = (price - ATC) × Q

= (9 - 7) × 3000

= 2 × 3000

= $ 6000

The second method is

Profit = Total revenue (TR) - Total Cost (TC)

Where TR = Price × Q = 9 × 3000 = $27000

TC = ATC × Q = 7 × 3000 = $ 21000

Therefore,

Profit = 27000 - 21000

= $6000

Any method used will result to the same answer.

NOTE THAT,

ATC = Total cost / Q.

So change of formula was used to obtain Total cost from this formula.

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3 years ago
Price elasticity of demand is defined as: a. the slope of the demand curve. b. the slope of the demand curve divided by the pric
Mandarinka [93]

Answer: Option D

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