A. Because grants and scholarships are free money and loans have to be repaid. 25% is the lowest amount of loans
Answer: Not change the quantity demanded.
Explanation: In a market demand is said to be perfectly inelastic, if the demand for commodities is not affected by price changes.
Therefore since the demand for natural gas in perfectly inelastic, the demand will not change regardless of the change in price of the gas.
Answer:
Contribution per unit of scare resource (in hour) = $24 per hour
Explanation:
The question falls under the limiting factor analysis
<em>When a business is faced with a problem of shortage of a resource which can be used to produced more than one product type, to maximize the use of the resource , the business should allocate it for production purpose in such a way that </em><em>it maximizes the contribution per unit of the scare resource.</em>
Therefore Santario Company should allocate the machine hours to maximize the contribution per unit of machine hour.
Contribution per unit of scare resource is determine as follows:
Contribution per unit of scare resource for Model K-3
Contribution per unit of Model K-3 = $6
Machine time per unit = 15 minutes
<em>Contribution per unit of scare resource in minutes</em>
=Contribution per unit/Machine time per unit
= 46/15 minutes
= $0.4 per minute
Contribution per unit of scare resource (in hour)
$0.4 per minutes× 60
= $24 per hour
Answer:
TRUE
Explanation:
The integration of countries from the same region into a trade bloc has the purpose of free movement of goods and services among lower-priced member countries. This is because from integration, countries give up tariffs and customs barriers, allowing products to be marketed to everyone at a lower cost, aiming at the common good. If countries use the same currency, the benefits of integration are even greater as they eliminate currency conversion costs.An example of this type of integration is the European Union, where products move freely between member countries and are sold in the same currency, the euro.