Answer:
Which of the following is true if the production of a good gives rise to a positive externality?
The demand curve for the good shifts to the right in the presence of positive externalities.
Explanation:
Explanation: Denial letters are very sensitive communications that must be structured to make the customers understand why the claim is being denied. The letter must be direct and objective in all moments to make that understanding easier. Ambiguous or preachy phrases or must be avoided. If applies and necessary, we could let the customers know they were at fault with the facts that lead to that conclusion but not subliminally implying they were dishonest.
Answer:
A. $5,884,200
B. $5,992,200
C. If the company's aim and objective is for them to maximize their sales revenue then they should go ahead and lower the selling price of lead tests in 2018
Explanation:
a. Preparation of 2018 sales budget for Hart & Sons assuming that Hart holds prices at 2017 levels
Sales budget
For the year ended December 31, 2018
Selling price Units sold Total Revenue
Radon tests
$260 *11,970 =$3,112,200
(11,400 x 1.05 = 11,970)
Lead tests $210*13,200= $2,772,000
(15,000 x 0.88 = 13,200)
(100%-12%=88%)
Total $5,884,200
$3,112,200+$2,772,000
b. Preparation of 2018 sales budget (lower price)
Sales budget
For the year ended December 31, 2018
Selling price Units sold Total Revenue
Radon tests
$260 *11,970 =$3,112,200
(11,400 x 1.05 = 11,970)
Lead tests $200*14,400= $2,880,000
(15,000 x 0.96 = 14,400)
(100%-4%=96%)
Total $5,992,200
$3,112,200+$2,880,000
C. If the company's aim and objective is for them to maximize their sales revenue then they should go ahead and lower the selling price of lead tests in 2018
Answer:All the alternatives are correct except (C) to remain independent without having to rely on others for goods and services
Explanation:
Specialization is the act of a firm or country concentrating is resources, efforts and skills in the production of few relative goods or services.
It leads to increase in production, quality and supply, which invariably leads to lower price, higher demands, higher profits,consumer satisfaction and improved standard of living.