The answer would be a legal price above which a good/service cannot be sold at.
Answer:
the real GDP in 2019 is $200
Explanation:
The computation of the real GDP is shown below;
= Base year price × quantity produced in 2019
= $1 × 200
= $200
Hence, the real GDP in 2019 is $200
The above should be used to determine the real GDP in 2019 and the same should be relevant
Answer: See explanation
Explanation:
Economics is referred to as a social science that is concerned with how goods are produced, how they're distributed and how they're consumed. Economics is the social science that studies why human beings behave the way that they do.
It is difficult to consider Economics as a science because it lacks a hypotheses that's testable. Also, there is lack of consensus and the scientific method is not followed in Economics.
I think its all the above except for they might be trying to trick you because at sixteen a guardian or parent has to sign aswell.
Answer:
a) total revenue equals total cost.
Explanation:
The break-even point is the level of activity in which total revenue equals total cost. It can also be defined in terms of units sold for a year is as the fixed expenses for the year divided by the contribution margin per unit of product. Note that exactly at the break-even point, there is no profit or loss.
Therefore, the answer is alternative a).
