Answer: When economists say that a good is no -rival in consumption, More than one person can enjoy the good at the same time
A good is excludable if someone can be prevented from using it. A good is rival in consumption if one person's use reduces others' ability to use the same unit of the good. Markets work best for private goods, which are excludable and rival in consumption. Markets do not work well for other types of goods.
Alright, so we start out with $12000, and we'd add from there. Since we add 1$ for every passenger, our equation with p being the number of passengers would be 1*p (e.g. for 1 passenger we have 1*1=1, 2 passengers we have 1+1(2 times)=2). Substituting 50,000 for p, we have 1*50,000=50,000. Next, we have to add 12,000 to that (as that's a flat fee) to get 50000+12000=62000
Yes. Road bike sales in Germany are significantly higher than in the US.
<h3>What is revenue?</h3>
Revenue can be defined as the income or money generated from the sales of goods and service.
Since the average revenue of Professional Road Bikes in the United States is market was $17,362 while that of Germany was $19,669 , this implies that road bikes sell more in Germany than United States.
Hence, the likely reason for the difference in revenue may be because their are high number of people that make use of rode bike in Germany compare to US.
Learn more about revenue here:brainly.com/question/23706629
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Answer: Quality
Explanation:
High-performance teams refers to the teams, or organizations which focuses on their goals and therefore achieve superior results and outperform other similar teams.
The component of effective high-performance teams that is represented by the use of real-time feedback devices is quality.
Answer:
The Eric's self-employment tax is $10109
Explanation:
The computation of the Eric's self employment tax is shown below:
= Net Self employment income × OASDI tax rate + Net Self employment income × MHI tax rate
= $132,150 × 6.2% + $132,150 × 1.45%
= $8,193.30 + $1,916.175
= $10109.475
The OASDI tax rate is also called social security tax and the self employment tax comprises of OASDI tax and MHI tax.
