Answer:
$13.85
Explanation:
Calculation for what the contribution margin per unit sold is closest to:
Selling price $27.70 per unit,
Less Direct materials ($ 7.30)
Less Direct labor ($ 3.45)
Less Variable manufacturing overhead ($ 1.35 )
Less Sales commissions ($ 1.10)
Less Variable administrative expense ($ 0.65)
Contribution margin per unit sold $13.85
Therefore the contribution margin per unit sold is closest to: $13.85
Other countries may have a faster growth rate than the US.
Answer:
C. Found by dividing total unemployment by the size of the labor force.
Explanation:
The rate of unemployment measures the unemployed people in an economy in relation to the total labor force. The labor force is the total number of those who are employed and those who are unemployed. The labor force only comprise of those who are willing and able to work.
It is this labor force that is taken as the base in which rate of unemployment is measured.
Unemployed
The formula is given below: ____________ X 100
Total Labor Force
Answer:
A monopoly is a company that can control the market. For example the government could put a hight import tax on shoes so no one would ship shoes into the countryman this means that the only shoe brand in the country can adjust there prices of their shoes and people would still buy them because there is no other shoe brand. This shows that they have control over the market (Or sitting at at monopoly position)
Answer:
The answer is C. Income Effect
Explanation:
Economists refer to income effect as an increase in purchasing power.
It is the change in quantity demanded for a commodity when income changes
For example, consumers tend to buy more of goods and services when their income rises or tend to buy more of a good and service when the price of a goods falls while the income remains constant. This causes the purchasing power (which is the amount of goods that can be purchased with a unit of currency) to rise.
Option A is wrong because substitution effect states that when the price of a good rises, consumer tends to purchase less. This centers on price while income effect centers on income