<span>I believe the answer is D. Falls/decrease
Increase in aggregate price tend to discourage consumers to go out and make a purchase, which will lead to the fall of aggregate demand.
This will create an abundance of that product in the market, and the market will decrease the total output as a response.</span>
Answer: 1. $70,000
2. $202,000
3. $20,000
4. $69,000
5. $10,000
Explanation:
1. What is the total cost of research and development of the value chain?
The answer is $70,000. This is the salaries of research scientists that we have been given in the question. Salaries of research scientist is part of the total cost of research and development of the value chain.
2. What is the total cost for the production category of the value chain?
This can be gotten by adding the value of the assembly line workers wages, the caps for milk bottle, the depreciation on factory equipments and the plastic milk bottles. This will be:
= $72000 + $3000 + $75000 + $52000
= $202,000
3. What is the total cost for the distribution category of the value chain?
This can be seen in the question provided as delivery expenses is $20,000.
4. What is the total cost for the marketing category of the value chain?
This will be the salaries of the salespeople and the customer toll free order line. This will be:
= 63000 + 6000
= $69000
5. What is the total cost for the customer service category of the value chain?
The total cost for the customer service category of the value chain will be the value of the customer support hotline which is $10,000.
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Answer: The complete table is as follows:
Explanation:
The following are the formulas for calculating marginal product , total revenue and marginal revenue product:
Marginal product = ![\frac{Change\ in\ Total\ Product}{Change\ in\ Capital}](https://tex.z-dn.net/?f=%5Cfrac%7BChange%5C%20in%5C%20Total%5C%20Product%7D%7BChange%5C%20in%5C%20Capital%7D)
Total revenue = Price × Quantity
Marginal revenue Product = Marginal product × Price
By using these formulas, I have completed the following table:
Answer:
.E. sole proprietorship.
Explanation:
A sole proprietorship, also known as the sole trader, individual entrepreneurship, or proprietorship, is a type of enterprise that is owned and run by one person and in which there is no legal distinction between the owner and the business entity. Sole Proprietorship examples include small businesses, such as a single person art studio, a local grocery, or an IT consultation service. The moment you start offering goods and services to others, you form a Sole Proprietorship. It's that simple. Legally, there is no distinction between you and your business.