Answer:
Equilibrium quantity of X increases and that of z decreases.
Explanation:
If two goods are substitutes then 1 can be used in the place of the other. As supply of Z falls, we would have market demand to be greater than supply. This brings about a price rise. The price rise will make consumers of Z to want it less and opt for a cheaper good X. Increase in the demand for X causes its supply to rise in the market.
So we would have increase in equilibrium quantity of X and that of Z would fall.
Answer:
Option (C) is correct.
Explanation:
Exchange rate refers to the rate at which various countries exchange goods and services in the world market.
For example, the exchange rate between India and United States is as follows:
India's currency is in Rupees and United states' currency is in dollars,
So, the exchange is; $1 = Rs. 69
If the cost of goods for an Indian resident is 20 US dollars then he have to pay:
= 20 × Rs. 69
= Rs. 1,380 in rupees for purchasing the product.
Answer: A. Controlling inflation
Explanation: It controls inflation to avoid a recession.
Answer:
d. product structure.
Explanation:
Product structure is designed for larger companies. In this flowchart, different products are separated into mini-companies while the management remain unique.
Answer:
Option (C) is correct.
Explanation:
Contribution per unit:
= selling price - variable cost per unit
= $225 - $90
= $135 per unit
Break-even in (Units):
= fixed expense ÷ Contribution per uni
= 354,060 ÷ 135
= 2622.67
So, Break-even in Sales:
= Break-even units × selling price
= 2622.67 × $225
= $590,100
Therefore, the break-even in monthly dollar sales is closest to $590,100.