Based on the scenario above, it is likely that Professor
Plum’s salary that is considered to be at its highest was at 1970 whereas the
lowest was during the 1990 and this could be based from CPI in which will
evaluate his salary from where it became highest and lowest.
Answer:All
Explanation:All would have to be the same as they are calculated by the bank with every transaction except your own register which should match if you are keeping it up to date.
Answer:
Prime cost= $61,000
Explanation:
Giving the following information:
Direct materials $33,000
Direct labor $28,000
<u>The prime costs are the sum of direct material and direct labor.</u>
Prime cost= direct material + direct labor
Prime cost= 33,000 + 28,000
Prime cost= $61,000
3 scenarios are applicable :
The value of babysitting services, when the babysitter is paid in cash and the transaction isn't reported to the government.
The quality of goods available to consumers
Federal government paychecks to soldiers
Explanation:
GDP is not known things outside the books like babysitting, which, but do not disclose to the government, add value to society. The satisfaction perception of households as a function of the wide range of products available to customers is not taken into account.
At last, the disappointment of pleasure people incurred by land converts into business applications are not known by GDP. All of that would be even more hard to measure correctly, although significant when determining the true standard of living in one region.
Soldiers are paid by federal government inspections in GDP when government transactions are taken into account.
Answer:
Minimum Selling Price = $3
∵ MR = P , MR ≥ MC (for sale). ∴ P ≥ MC
Explanation:
Special Order of 11000 arc printers has been recently received by Zena. Additional (marginal) cost per printer = $3 , needed for new product. Fixed manufacturing cost is constant irrespective of production level.
Price equal to Marginal Cost is the minimum condition for seller (Zen) to sell. As; in case of constant prices, price is equal to Marginal (additional) Revenue per unit sale. And, Marginal Revenue should be more than or at least equal Marginal cost to incentivise sale. If Marginal revenue from increased output unit is less than its marginal cost, the sale of that unit is loss making, & wont be done.
