Answer:
The answer is $36.00
Explanation:
Contribution margin per unit is when variable cost per unit is subtracted from selling price per unit. Contribution is that part of revenue that was not used by variable costs and was used to cover fixed costs
selling price per unit = $76.00
variable cost per unit = $40.00
Therefore, contribution margin per unit is $76.00 - $40.00
= $36.00
I'd go with Agribusiness, that sounds like it would be the most helpful, since Agribusiness deals with both produce and services.
A strength of the market economy is that resources are used efficiently.
<h3>What is a market economy?</h3>
- A market economy is an economic system in which all suppliers and consumers are unhindered by price controls or restrictions on contract freedom and where decisions regarding investment, production, and distribution to consumers are guided by the price signals created by the forces of supply and demand.
- The existence of factor markets that control the distribution of capital and the elements of production is a key feature of a market economy.
<h3>What are a market economy's four characteristics?</h3>
- A market economy is characterized by private property, freedom, self-interest, competition, and minimal government involvement.
- In a market economy, supply and demand are the driving forces.
Learn more about the market economy here:
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Answer: Option (d) is correct.
Explanation:
Option (d) - Raises the quantity of labor supplied and reduces the quantity of labor demanded.
When a union raises the wage above the equilibrium level, this will lead to increase the quantity of labor supplied because at this wage more labors wants to work and take the advantage of the higher wages.
At the same time, quantity demand for labor decreases in the economy. This is due to the higher wages which increases the firm's cost of production. So, at this wage firm's demand for labor decreases.
The correct options are B, C and E.
Starting a business can be a risky move because of some elements which are involved in creating a new business. For instance, large amount of capital is needed to start a typical business and the uncertain conditions which prevails in the business world can make one to lose one's capital in no time at all. The extent to which assets can be converted to cash is also one of the risks that one must considered.
