General revenues fund budget is a budget for a nondedicated revenue account that functions as the state's primary operating fund.
A general fund is defined as general purpose and restricted revenues in finance, it is reflected as the major share of the state
Answer: Kansas City with a profit of $256,000
Explanation:
Omaha
Profit = Revenue - Fixed expenses - Variable expense
= Number of units * (Revenue - variable expenses) - Fixed cost
= 8,000 * (185 - 36) - 1,200,000
= -$8,000
Kansas City
= 12,000 * (185 - 47) - 1,400,000
= $256,000
Answer:
The correct answer is option b.
Explanation:
Oligopoly is the form of market where there are few firms which are interdependent on each other. The price and output decisions of a firm affect its competitor firms in the market who are likely to react accordingly.
That's why an oligopoly firm takes into account the reaction of its rival in making price-output decisions.
Answer
The answer and procedures of the exercise are attached in the following archives.
Step-by-step explanation:
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