Answer:
a. Inefficiencies created by a quantity exchanged that is less than the equilibrium quantity.
Explanation:
Dead weight loss created by a quantity exchanged that is less than the equilibrium quantity .Inefficiencies created by a quantity exchanged that is less than the equilibrium quantity.when the total surplus is larger at the equilibrium quantity and price than it will be at any other quantity and price. Deadweight loss is loss in total surplus that occurs when the economy produces at an inefficient quantity.
Answer:
a. Breakeven point: 1,500 units.
b. Kid´s Corner would have to sell 2,333.33 units to earn $10,000 in operative income.
Explanation:
a. breakeven point in units
breakeven point= 
b. Operating income = Total revenue - direct costs-indirect costs
$10,000=$25*X-$13*X- 18,000
Where X is the amount of units to sell
Isolating X from the equation, we have:
12X=28,000
X=28,000/12
X= 2,333.33
Answer:
Command
Explanation:
In the command economic model, the government determines the level of economic productions in the country. It decides what will be produced, its quantity, and the cost price. A central authority or the government owns all the factors of production.
The command economy is also the planned economy. The government plans and produces all goods and services. The private sector is not present in the command economy.
Answer:
Answers are: Option b, i.e. Faculty Advisor/ Research mentor
Option d, i.e. IRB Office
Explanation:
IRB, also known as Institutional Review Board, is an ethical review board or committee whose main purpose is to protects the rights of various human subjects who are someway or the other are involved in the research activity. Various additional resources related to IRB approval process can be found with the Faculty Advisor/ Research mentor and also at IRB Office.
