Answer: True
Explanation:
The decision to purchase a good or service or a customer benefit package is totally based on the price of that package or a good and on the benefits that a consumer will received after the purchase. A rational consumer will compare the price of a good with the perceived benefits. If the perceived benefits worth greater or equal to price then a consumer may purchase that product otherwise not. Therefore, a consumer's decision is largely depend upon the ratio of price and benefits.
Answer:
Buy government bond
Explanation:
Ideally, a government would implement expansionary fiscal policy if it is aimed at making more money available in the economy. Expansionary fiscal policy includes increase in spending of governments on her projects, reduction in tax payments, tax rebates, transfer payments etc.
With regards to the above, the central bank of a country would buy government bond in order to maintain stable interest rate whilst implementing expansionary fiscal policy. The aim is to maintain a stable availability of money in the economy.
The industry is currently in long-run equilibrium. The economy now goes into a recession and average incomes decline. The result will be an increase in output, but not in the price, of the product. This is further explained below.
<h3>What is a
product?</h3>
Generally,
In conclusion, The market is in a state of long-term balance. There is currently a drop in typical salaries and the economy is entering a recession. As a consequence, production will rise without corresponding increases in cost.
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Answer:
$16.26
Explanation:
The break-even point is the level of sales at which the business incur no profit no loss.Fixed and variable costs are covered at this level of sales. Use following formula of break-even to calculate the fixed cost.
As we know that
Break-even price per unit = Variable cost per unit + Fixed cost per unit
Break-even price per unit = ($987,493/84,000) + ($378,674/84,000)
Break-even price per unit = $16.26 (Rounded to 2 decimal places )