Answer: is realizing an economic profit of $40
Explanation:
The total cost involved in the production will be:
Fixed cost = $100
Variable cost = $3 × 20 = $60
Total cost = $160
The selling price will be:
= $10 × 20
= $200
The economic profit will then be;
= Selling price - Cost price
= $200 - $160
= $40
Answer: A balanced economy generally has neutral economic stance.
Explanation:
A balanced economy generally has neutral economic stance. This means a balanced economy is one in which the finance of the economy I.e both the imports and exports are in equal proportion.
Answer:
Break-even point in units= 1,860
Explanation:
Giving the following information:
Selling price= $250 per uni
Fixed costs= 109,900 + 290,000= $399,900
Unitary variable cost= 29 + 6= $35
<u>To calculate the break-even point in units, we need to use the following formula:</u>
Break-even point in units= fixed costs/ contribution margin per unit
Break-even point in units= 399,900 / (250 - 35)
Break-even point in units= 1,860
Answer:
Structural frame
Explanation:
Structural frame of an organisation is how the systems are structured including goals, technology, roles of different staff, and relationships. All other frames are dependent on the structural frame, the manager should make sure it achieves the business goals efficiency.
The four frame business model is made up of: structural frame, human resource frame, political frame, and symbolic frame.
Answer: In this particular case we can reason that this scenario represents <em><u>monopolistic-ally competitive market.</u></em>
Both coffee house are offering a similar product and commodity, with only little differentiation in their design.
i.e. The Starfire Coffee chain provided consumer with peppermint coffee and the experience of sitting in front of a roaring fire, chatting with friends.
whereas Reindeer provided consumer with a mug of hot cocoa and a similar community experience.
