Revenue = $752,800
Cost of goods sold = $301,800
To solve for the gross profit:
Gross profit = revenue - cost of goods sold
Gross profit = $752,800 - $301,800
Gross profit = $451,000
The gross profit shows the profits a company has after taking their costs to make the product and subtract them from the sales they had.
Answer:
Option "D" is the correct answer to the following question.
Explanation:
A monopoly usually has all kinds of social costs. Price under monopoly is more than marginal cost, which also often means that society does not have the economic capacity.
In monopoly business, resources are usually used less and other businesses use more resources, which is why monopoly business is usually associated with social interests.
Monopoly businesses produce fewer goods but charge more on those goods because they are the sole producers of the services or goods they produce, so all three options are correct
Answer: irate
Explanation: In simple words, irate refers to the complainers who share their negative opinion about an organisation within a small group. They usually complain so that others could benefit from their review.
In the given case, Tom is complaining about the lousy service from his friends but not to any third party. Also, he is doing so with the intention of awaring others.
Hence from the above we can conclude that Tom is an irate kind of complainer.
Answer:
The perception of unfairness
Explanation:
The perception of unfairness
the feeling of unfairness come when one feel unjust and unequal. It is a feeling of inequality or partiality toward one.
In the above situation Jane feel unfairness due to the fact that in-spite of being at same level with the other colleagues and showing same performance, company decide to suspend her.
Answer:
all of the above are likely to occur
Explanation:
Import restrictions would limit the amount of goods imported into the US
as a result of the restriction, the amount of goods sold to the US by its trade partners would fall, as a result, the income of US trade partners would reduce.
Also, the quantity of goods available in the US would fall and consumption would fall.
Import restrictions might lead to US producing goods and services for ehuch it has no comparative advantage in its production. This would lead to ineeficent allocation of resources.
