The accessory designer is required to actually design accessories with their knowledge of fadhion, while the sales representative only needs the ability to sell the accessory.
The average cost curve and the variable revenue curve are two lines which intersect at level of output when the firm is supplying and that business is earning zero economic profits.
If the price which the firm is charging from customer is higher than its average cost of production for the quantity of the goods produced, then the firm will earn profits to a large extent.
Conversely, if the price which is charged by the firm is lower than its average cost of production, the firm will suffer losses.
Thus when the cost is equal to the revenue of the firm it means there is no profit at all. At this level the average cost curve will intersect the revenue curve.
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Answer: Option A
Explanation: In a free market structure, the majority of resources in the economy are owned and controlled by the private owners. The prices of commodities produced in such a market structure are determined by the market forces of demand and supply.
The rules and restrictions imposed by the govt. in such a market structure exists but at a very small extent. The govt. in such a market structure controls only those industries which are important for national security and development.
Answer:
3. retained earnings.
Explanation:
When a company earns profit, taxes are deducted to find the net profit or net earnings. From these, it pays dividends at a certain dividend payout ratio; which is usually dividends/ net profit. Whatever remains is reinvested back into the company for funding potential profitable projects and other expansions and are referred to as retained earnings. This gives the retention rate which is basically (1 - payout ratio).
Answer:
1 camouflage
2 thick layers of fat and fur to keep warm
Explanation: