Answer:
$10 for 200 units which means $0.05 per unit.
Explanation:
The firm will only survive in a perfectly competitive market if its average cost is at minimum level which we can see in the figure. The lowest average cost is $10 for 200 units which means average cost per unit is $0.05 per unit. At this stage the company will be able to produce higher profits because its average cost per unit is at minimum level.
Answer:
C. An auction market
Explanation:
Option A is wrong because merchant wholesalers purchase any products directly from the manufacturers and sell those to the retailers, or consumers. In that case, buyers and sellers do not need to come together to complete a transaction.
Option B is incorrect as the warehouse club is recognized as a retail store where customers can purchase bulk products to reduce the expenses. In that case, only sell is the motive.
Option D is wrong because drop shippers cannot hold the inventory to their stocks. Therefore, customers and manufacturers will not come together.
<u><em>Option C</em></u> is correct because, in an auction market, the buyer and the seller have to come at the same time to complete a transaction. In that market, the buyer will directly negotiate with the seller to purchase a product or something else.
Answer: investigate the opportunity cost of the types of transport you can use to get to Florida
Explanation:
Answer:
$1,679.
Explanation:
In the beginning they payed 4,600 dollars for their stocks. They made 6,200 dollars after one year. You will need to subtract the amount they payed from what they made. this comes out to be $1,600. Then subtract the brokers commission (32+41). Once you do this the amount is $1,527. Finally add the dividend (152) which gets you to 1,679 dollars.
<h2>Goods & services is an example of "economic activity".</h2>
Explanation:
Economic activity is basically an action pertaining to production, distribution and consumption of goods.
Any activity which involves money for which we get products are called "economic activity".
Exchange of Product / services which involves money can be considered as economic activities.
Out of box information:
In the ancient days, people get product for another product and this was going on when the currency was not invented.
The word economy was coined by "Aristotle".
