<span>This is part of the concept of involvement. Being involved in the hunting sport makes sure that people are responsible for their actions in the future, makes people aware of the needs and requirements of those who do undertake the activity, and gives people the information they'll need in order to be successful at the activity.</span>
Answer:
a.
Break even in units = 8750 units
b.
Break even in units = 10000 units
Explanation:
The break even in units is the number of units that a business must sell in order to for its total revenue to be equal to total costs and for it to break even. The break even in units is calculated as follows,
Break even in units = Fixed Costs / Contribution margin per unit
Where,
Contribution margin per unit = Selling price per unit - Variable cost per unit
a. Past Year
Break even in units = 70000 / (40 - 32)
Break even in units = 8750 units
b. Coming Year
The property taxes which are a fixed cost will increase by $10000. Thus total fixed cost for coming year will be = 10000 + 70000 = 80000
Break even in units = 80000 / (40 - 32)
Break even in units = 10000 units
It is not possible that she spent $320 for the second purchase, this is because the prices of the books and the video games did not change.
In her first purchase, Marrillia bought 4 books and 3 videos and in her second purchase, she bought double of the products she bought in the first purchase, that is, 8 books and 6 videos. Since there is no price change in the products, Marilla must have spend $360 [$180 * 2] in her second purchase.
Answer: Perfectly elastic; Downward sloping
Explanation:
<em>The demand curve for the product of a firm in a competitive market is </em><em><u>Perfectly elastic</u></em><em>, and the demand curve for the product of a monopolist is </em><em><u>Downward sloping.</u></em>
The demand curve for products in a perfectly competitive market is a horizontal line indicating that it is perfectly elastic. The reason for this being that the demand curve is also the price that the market has decided to sell a product at and if any seller was to deviate from this price, their demand would drop.
In a Monopoly however, the demand curve to downward sloping to indicate that customers will demand more products if prices are lower. This is why monopolies usually have to reduce prices to make more revenue.
