Answer: 0.33
Explanation:
A relative price is defined as the price of a product when its compared with another product. It is the ratio of the prices of two goods. A relative price involves opportunity cost as economic agents usually choose a good at the expense of another after comparing a good with another.
Since the price of good X and Y are $90 and $30 respectively, then relative price of a unit of good Y in respect of good X
= 30/90 = 0.33
Answer:
Paid circulation
Explanation:
A paid circulation magazine can be simply explained to be a magazine that requires payment to have access to. That is, the magazine is available to persons that have pre-odered the magazine by means of subscription. The subscription could be weekly, monthly, bi-monthly, quarterly or yearly.
For pallet enterprise magazine, it is available through subscriptions and that no persons without subscription can have access to the magazine except through another individual that receives the magazine.
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Answer: $390
Explanation:
Revenue for a merchandising business is realized when the business sells some of its goods to customers. This can either be in cash or on account which would mean that the customer did not pay cash but now owes them.
The business sold merchandise costing $350 for $390 on account so this is the amount that they will recognize as revenue.