Gross profit is net sales minus the cost of goods sold. It reveals the amount that a business earns from the sale of its goods and services before the application of additional selling and administrative expenses.
Answer:
b. works better at correcting inflationary gaps than recessionary gaps.
Explanation:
The self correcting mechanism is a automatic process in which the aggregate market eliminates an inflationary gap created by a short-run equilibrium that is greater than full employment through increases in wages and other resource prices.
Answer:
19 is added to the gdp
Explanation:
6 (bag of oranges) + 6(bag of oranges) + (12-6)(juice) + (7-6)(bag of oranges) = 19 is added to the gdp
In this case I'm using the income approach to calculate GDP, which includes the income earned by wages to labor (not present), rent by land (you may say that the original bag of oranges), the return on capital (interest, not present),and entrepreneur’s profits (juice and grocery store)
Answer:
The correct answer is: choose.
Explanation:
According to the Consumer Protection Act of 1986, the consumers' right to choose allows them to have access to different types of certain goods at fairly established prices. For this scenario to take place, the only market condition necessary is competition.
Answer:
The correct option is A,safety needs
Explanation:
The fact that Gabriel Farms pays a living wage that is higher than minimum wage shows that the employer is not only interested in ensuring employees satisfy their psychological needs by having access to basic necessities alone.
In other words, by paying them something extra they are placed in the safety needs hierarchy where they are also able to look after personal security,comfort,good health as well as acquisition of property.As result,there is no doubt that the living wage satisfies the safety needs' hierarchy in Abraham Maslow's hierarchy of needs
