Answer:
maybe he earned 5000 more
Explanation:
5000+5000=10000
Answer:
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Answer:
23%
Explanation:
The computation of the contribution margin ratio is shown below:-
Selling price per unit = $4,900,000 ÷ 4,025 units
= 1217.39
Contribution margin ratio = Contribution margin ÷ Selling price
= $280 ÷ 1217.39
= 23%
Therefore for computing the contribution margin ratio we simply divide selling price by contribution margin.
The answer to this question is <span>5% and the quantity supplied rises by 7%.
A product is considered as elastic if the change in prices will also affect the changes in total supply.
Usually, this type of products are not considered unique or rare and there are a lot of substitute for this product in the market</span>
Merging and milking brands are examples of creating brand extensions.
Brand extension refers to the process in which a firm markets a new product by using its established brand names. It is a way to take advantage of the company’s already established brand equity to increase the market and reach of the new product.
The assumption is that consumer loyalty, familiarity, brand popularity and reputation of the producer will ensure that the product is readily integrated into the market. Product extension can further help in expanding the reach of the product to new markets and consumer base, and increase overall profit margins as a result.
To learn more about brand extensions: brainly.com/question/13949619
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