Hidden lines in a drawing represent the edges where surfaces meet but are not directly visible. Hidden lines are omitted from pictorial drawings unless they are needed to make the drawing clear
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The profit per unit is $5 and the total profit is $2,500.
Given in the Question:
Number of units = 500
Average cost per unit = $9
Market Price = $14
The profit per unit is calculated using formula:
= Market price - Average cost
= 14 - 9
= $5
The total profit is calculated using formula:
= Profit per unit x Number of units sold
= 5 x 500
= $2,500
Hence, The profit per unit is $5 and the total profit is $2,500.
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Answer: The given statement is false.
Explanation:
Immigrants give a boost to the average wages of Americans by increasing the overall productivity and help in investment. Immigrant workers are more advanced in skill sets and knowledge which helps the native Americans to improve their productivity. This process has boosted the investment which in turn increased the demand for labor and increased the pressure on improving wages of labor.
In this video, Steve means that the people who discuss the "buyer for outdoor" and the "buyer for running, are the people who determine the product mix for each of the categories. Product mix is also known as product assortment. The product mix is the total amount of product lines a company offers its customers.
The consideration that marketers must give to marginal revenue versus marginal costs is to ensure that <u>marginal revenue</u><u> exceeds </u><u>marginal costs</u>.
<h3>What are marginal revenue and marginal costs?</h3>
Marginal revenue refers to the price or the amount of revenue from selling one additional unit.
Marginal cost refers to the cost of selling one more unit.
Unless marginal revenue were greater than marginal cost, selling one more unit would not bring in additional revenue than the cost of production and sales.
Thus, the consideration that marketers must give to marginal revenue versus marginal costs is to ensure that <u>marginal revenue</u><u> exceeds </u><u>marginal costs</u>.
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