Answer:
franchisee , franchise.
Explanation:
Franchisee is a company or an individual that holds the franchise for the sale of the products .
Franchise is a company whose product are being sold by the franchisee.
So franchising lets a company to to set up a small business quickly because the franchisee is associated with a brand and a franchise reaches a break-even point a lot quicker than an independent business.
Answer:
an increase in prices.
Explanation:
When there is too much money in the economy due to high oil prices, prices tend to go up because surplus cash is pursuing few goods.
It is easy in this scenario to have prices double for some goods.
This is why where in areas where there is economic boom all prices go up from real estate to petty goods. This trend becomes the norm as residents take new price regime as normal.
Answer:
267 output
Explanation:
The computation of the output produced in the short run is shown below:
As it is given that
AVC i.e average variable cost function = 4.0 - 0.0024Q + 0.000006Q^2
And,
FC i.e fixed cost = $500.
Plus we know that
Total variable cost i.e TVC = AVC × Q i.e Quantity
So,
AVC × Q = TVC
= 4Q - 0.0024Q^2 + 0.000006Q^3
And,
The total cost = Total variable cost + Fixed cost
So,
TC = TVC + FC
= 4Q-.0024Q^2 + .000006Q^3 +$500.
And, the MC i.e marginal cost is
= Total cost ÷ Quantity
MC = 4 - 0.0048Q + 0.000018Q^2
MC = 4
So,
Price = MC i.e 4
4 - .0048Q + .000018Q^2 = 4
So after solving this Q is 266.67 i.e 267 output
Answer:
The correct answer is letter "C": no country can produce enough products to satisfy everybody's economic wants
.
Explanation:
Scarcity is the basic economic problem by which individuals have unlimited wants but have limited resources to fulfill them. Scarcity drives individuals to allocate their resources efficiently so most of their needs can be satisfied.
Because of scarcity, people are forced to make <em>trade-offs</em> implying part of their needs must be sacrificed so other needs can be covered. Thus, <em>we could say that there is no country able to produce enough products to satisfy everyone's wants.</em>
Answer:
$1,560
Explanation:
The computation of the depreciation expense for the second year of its useful life is shown below:
First depreciation rate is
= 1 ÷ 5 ×2
= 40%
Now the depreciation expense for one year is
= 40% of $6,500
= $2,600
Now the depreciation expense for the second year is
= ($6,500 - $2,600) ×40%
= $1,560
