The unit cost per service is calculated by dividing the total operating cost of services by the number of service units.
In the given problem, the operating expenses are $9,000 which shall be considered the cost of services provided. And the number of the service unit is given 46 units.
Hence, unit cost per service shall be $9,000/46 = <u>$195.65</u>
Note: We have rounded off the final answer to the nearest cent or two decimal places.
the answer is: it helps prevent people from keeping their cash out circulation
After collecting the money from the saver, Banks will provide loans to other business who needs a capital injection and put an interest rates from the total loan. This is the main way Banks obtain their profit.
This means that <em>The more cash kept out of circulation , the more profit the Banks can potentially get.</em>
Because of this, they offers various incentives for the saver to kept their money in the banks rather than using it somewhere else through interest, deposit insurance, maximum withdrawal, etc)
Answer:
Option (B) is correct.
Explanation:
Given that,
Percentage increase in price = 5%
Percentage decrease in quantity demanded = 15%
Therefore,
![Elasticity\ of\ demand=\frac{percentage\ change\ in\ quantity\ demanded}{percentage\ change\ in\ price}](https://tex.z-dn.net/?f=Elasticity%5C%20of%5C%20demand%3D%5Cfrac%7Bpercentage%5C%20change%5C%20in%5C%20quantity%5C%20demanded%7D%7Bpercentage%5C%20change%5C%20in%5C%20price%7D)
![Elasticity\ of\ demand=\frac{15}{5}](https://tex.z-dn.net/?f=Elasticity%5C%20of%5C%20demand%3D%5Cfrac%7B15%7D%7B5%7D)
= 3.0
Hence, elasticity of demand facing Billy Bob's Barber Shop is 3.0
<span>Gregory's rules of thumb, which he uses in decision making, are known as heuristics.
Heuristic refers to a solution to a problem - it is something you employ in order to achieve the best results possible. These methods you use may not be perfect, but they will help you do what you intended to do properly.
</span>
Answer:
This statement is "TRUE".
Explanation:
In this business model the cab drivers are dealing directly with the company itself hence eliminating the middlemen which use to take their cut previously.