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3 years ago

Explain the importance of profit to the economy.

Business

1 answer:

Kay [80]3 years ago

4 0

Answer:

Explanation:

Profit is the surplus revenue after a firm has paid all its costs. ... In a capitalist economy, profit plays an important role in creating incentives for business and entrepreneurs. For an incumbent firm, the reward of higher profit will encourage them to try and cut costs and develop new products

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In the summer, ben often jogs during the middle of the day. when he exercises in these conditions, he sweats heavily. the recomm

stira [4]

In order for Ben to maintain his fluid balance, he should take huge amounts of liquid, and the best liquid that he should take is water. He should take and drink water when jogging, in order to keep himself hydrated as he sweats a lot and when he does not consume water with this behavior, he would likely be dehydrated as he loses the balance of maintaining liquid in his body.

3 0

4 years ago

Mauro Products distributes a single product, a woven basket whose selling price is $13 per unit and whose variable expense is $1

Ira Lisetskai [31]

Answer:

Break-even point in unit sales = 2,300 units

Break-even point in dollar sales = $29,908.97 (Approx)

New break-even point in unit sales = 2,600 units

New break-even point in dollar sales = $33,810.14 (Approx)

Explanation:

Given:

Selling price = $13 per unit

Variable expense = $11 per unit

Fixed expense = $4,600

Computation:

Break-even point in unit sales = Fixed expense / [Selling price - Variable expense]

Break-even point in unit sales = 4,600 [13-11]

Break-even point in unit sales = 2,300 units

Contribution margin = [(13-11)] / 13 = 15.38%

Break-even point in dollar sales = Fixed expense / Contribution margin

Break-even point in dollar sales = $4,600 / 15.38%

Break-even point in dollar sales = $29,908.97 (Approx)

New break-even point in unit sales = [4,600+600][13-11]

New break-even point in unit sales = 2,600 units

New break-even point in dollar sales = Fixed expense / Contribution margin

New break-even point in dollar sales = $5,200 / 15.38%

New break-even point in dollar sales = $33,810.14 (Approx)

4 0

3 years ago

The _____ tags must be at the start and end of an ordered list.

Ilia_Sergeevich [38]

Your answer would be, The <ol> and </ol> tags must be at the start, and end of an ordered list.

<OL> and </OL>

Hope that helps!!! Hope that was one of the choices given, since you haven't put any choices, so I'm guessing.

Hope that helps!!!! ( Answer: <ol> and </ol> )

8 0

4 years ago

Public provision..

LenaWriter [7]

I think it’s a and b are correct

3 0

3 years ago

David ricardo believed that:

inessss [21]

Trade will benefit countries when it generates gold and silver for the national treasury.

5 0

4 years ago