Answer:
The answer is A) Rational self-interest because he is attempting to increase his own income by identifying and satisfying someone else's wants.
Explanation:
Traditional economic theory is based on three fundamentals, the first one being we are all rational consumers or suppliers.
Alex is trying to earn some money, completely rational and intelligent. He is able to do it by satisfying his neighbors´ need for lawn mowing.
Is he greedy? Probably yes, but he is still rational. No one is forced to pay his fee, so his also rational neighbors will decide if the price is correct or not. Those who believe the price is correct will hire him. If someone believes his is charging too much and that they can offer the same service for a lesser price, should show up and offer their cheaper services.
Can people who buy a 25 million dollar car be considered irrational? No they can´t, because for them is probably an investment or they simply have tons of money and like extremely expensive cars. What one person considers expensive may be considered cheap by someone else.
[A] To handle the day to day operations of the project.
In order to help the
student expand his/her knowledge I will help answer the question. This in hope
that the student will get a piece of knowledge that will help him/her through
his/her homework or future tests.
The efforts to recruit
members of subordinate groups for jobs, promotions, or educational
opportunities are called affirmative action. The correct choice is letter
b. affirmative action
I hope it helps,
Regards.
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Canada is by tar the most popular target for american franchisors seeking to establish franchises in other countries. Canada is a great market for franchisors because it's close/easy to travel to. They have a large market and are similar to the U.S. with their expansion and growth as an economy.
Answer:
5,300
Explanation:
Given that,
contribution margin per unit = $7
selling price = $45 per unit
Fixed costs = $35,000
Total fixed cost after increase:
= $35,000 + $20,650
= $55,650
contribution margin per unit after increase:
= $7 + (50% × $7)
= $7 + $3.5
= $10.5
Therefore,
New Break even point:
= Fixed cost ÷ Contribution per unit
= $55,650 ÷ $10.5
= 5,300
