Answer:
b
Explanation:
The Gross Domestic Product measures the value of economic activity within a country. Strictly defined, GDP is the sum of the market values, or prices, of all final goods and services produced in an economy during a period of time. GDP is a number that expresses the worth of the output of a country in local currency.
<span>Free enterprise is more likely to be observed in "mixed" economic system.
A mixed economic system refers to a financial framework that highlights qualities of both private enterprise and communism. A mixed economic framework secures private property and permits a level of financial flexibility in the utilization of capital, yet additionally takes into account governments to interfere in economic exercises to accomplish social points.
</span>
Answer:
either the selling price decreases or the total output decreases
Explanation:
The firm's income statement:
total sales revenue = $120,000
minus total variable costs = ($72,000)
<u>minus total fixed costs = ($15,000) </u>
net profit = $33,000
The long run equilibrium for a monopolistically competitive firm occurs when the firm is making no economic profit since it is charging a price = average total cost.
In this case the average total cost per unit = $6 per unit + ($15,000 / 12,000 units) = $7.25 per unit
Since the firm is currently charging a higher selling price than average total cost ($10 > $7.25), one or two things might happen in the long run:
- selling price will decrease
- output will decrease
Answer:
The correct answer is letter "C": Functional currency.
Explanation:
Functional currency is the monetary medium of exchange a company usually generates and expends money with. Functional currency represents the primary currency a firm uses for its operations which is likely to be the official currency of the region where it handles business but that does not always happen.
<em>For book-keeping purposes, a subsidiary's parent uses the functional currency of their operational functional environment.</em>
We are generally considered : a tertiary consumer in the food chain
tertiary consumer is the top consumer on the top of the food chain. We basically have the capabilities to consume all other organism that exist in this biosfer
hope this helps