Answer:
D. The demand for artichokes will increase.
Explanation:
Demand is the willingness of a consumer to pay for the goods and services so purchase.
One of the major determinants of demand is expectation of change of price in the future. Others are price of related goods, income of consumers, tast and preference, and expectation of change of price in future.
When consumers speculate increase in price of certain commodity, then there would be increase in demand for such commodity now.
It therefore follows that consumers tends to follow market trend in terms of demand. They would demand for certain commodity in anticipation of price increase thereby leading to scarcity of such commodity in the market.
Answer:
D. Contribution margin would be equal to total fixed costs
Explanation:
As we know that
break even point is the point at which the firm is earning no profit or no loss suffered
In equation, it is
Total cost = Total revenues
In addition,
The contribution margin = Sales - variable expenses
Therefore
The contribution margin = Fixed cost = break even point
If we subtract the contribution margin from the fixed cost the amount should be zero which implies the break even point
Answer:
The correct option is A
Explanation:
As the standard of living increases, the ecological footprint also incraeses which means that both are positively co-related with each other.
The amount of assets that number of people or population requires in order to produce the natural resources for its consumption is basically Ecological Footprint. the ecological footprint measures the portion of nature that human takes. In order to sustain the livelihood, the carbon footprint attempts to find out the estimation of usage of resources by an individual.
The source document that can be used in the recording of the costs that are incurred in the job order system is known as the<u> cost sheet.</u>
Job order cost system simply means a system that takes place when customers order unique and few batches of products.
It should be noted that the job order costing determines the price of each individual product and is also vital as it ensures that the cost for each product is reasonable enough for the customers to buy it. The cost sheet is required in this case for recording.
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