Answer:
Graph file is attached
Explanation:
Point A, and B are the bundles available for Katrina to buy on this budget. Since she has already bought one unit of each she only has $60 left to spend. With these $60 she could either choose to buy 3 DVDs or 3 CDs or she could choose from point A and B. L represents budget line and point A and B represent bundles.
Answer:
C. manufacturing or processing-plant arrangement.
Explanation:
According to my research on the different types of relationships between companies and their manufacturers, I can say that based on the information provided within the question this relationship is known as a manufacturing or processing-plant arrangement. Which is basically (liked described in the question) when a franchiser provides the individual stores with the ingredients necessary to run the store.
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Answer:
Long term liability
Explanation:
Long term liability is defined as the amount of money a business owes that is due above a year. It is liabilities that do not affect the current liquidity of the business and its ability to do business.
In this scenario Chestelle Corporation has borrowed a large amount of money that is due in 4 years. It is due in over a year so it is a long term liability.
Long term liabilities are usually used to purchase capital assets or to make long term investment
Answer:
The three primary characteristics of perfect competition are (1) no company holds a substantial market share, (2) the industry output is standardized, and (3) there is freedom of entry and exit. The efficient market equilibrium in a perfect competition is where marginal revenue equals marginal cost.
