Answer:E. POLICYMAKERS WILL TAKE ACTIONS THAT ARE LIKELY TO RESULT IN THEIR BEING RE-ELECTED
Explanation: Public choice model suggests that public officials like political office holders will most likely use ECONOMIC POLICIES to ensure they achieve a personal desire or desires such RE-ELECTION.
Public office holders have come to realize that Voters choice are influenced by Government policies,they always want to implement policies that will influence the choice of voters.
Answer: The value customer relationship over short term profits.
Explanation:
The home repairs men and building supply businesses place a high value on their relationship with customers and therefore try to support them in their period of challenge even if it comes at a cost of losing out on making a higher profit.
Answer:
0.6 or 60%
Explanation:
The contribution margin ratio is calculated by the formula below.
Contribution margin ratio = <u>contribution margin</u>
sales revenue
= For Dairy D's
Contribution margin per unit = sales - variable expenses
=$5-$2
= $3 per unit
Contribution margin = <u>Contribution margin per unit</u>
sale price per unit
=3/5
=0.6 or 60%
The true statement out of all is
B) Georgeland has both an absolute and a comparative advantage in producing clothing.
Explanation:
This is because Absolute advantage is when one firm or a producer is able to produce more of a product using less resources or less time or more of the product in the same resources or same time as the other.
Comparative advantage is found out at the added bonus of having the product be as viable as it is advantageous which means that the producer could also be making another product and would have the advantage in that too so either one of them is equally profitable.
