Answer:
The correct answer is C
Explanation:
Demand for business products is referred to as the derived demand, which means that the firm or business bought the products to be used while producing the products of customer.
And a small decrease or increase in the demand of the consumer could produce the larger change in the demand for the manufacturing equipment and facilities required to make the product for consumer.
So, the needs of the customer states that the demand for the business product is derived.
Answer: Option C
Explanation: Manufacturers refers to the entity producing a good while wholesaler are the second in supply chain who procures the product from manufacturer in bulk.
The retailer is the entity that deals with the final consumer in the market. The retailer creates value to the customer by making the product available in small distance, and in timely manner.
Thus, the retailer is sued by manufacturer and wholesaler as they create value to the customer.
I would find the maximum amour U would get for the job and the lowest. Then add the both values and divide by 2.
Answer:
The correct answer is option b.
Explanation:
The number of units of output sold is 8,000
.
The sales revenue is $9,600,000
.
The variable costs are $6,000,000
.
The fixed costs are $2,600,000.
The price of the product
= 
= 
= $1,200
The average variable cost is
= 
= 
= $750
Profit = TR - TC
Profit = 
$1,270,000 = $1,200Q - $750Q - $2,600,000
$3,870,000 = $450Q
Q = 
Q = 8,600 units
Answer:
The income the firm must provide to resource suppliers to attract resources from alternative uses.
Explanation:
Economic cost refers to the cost that is attached with the goods and it is attach by one of the individual. It takes into account various factors such as time, money and other costs.
Economic cost is differ from the accounting cost because accounting cost only includes explicit costs but economic cost includes both explicit costs and implicit costs (opportunity costs).
