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Positioning. ...
Competitors. ...
Profit.
Answer:
A) The extra $100 million spent on health care will not provide as much benefit as the previous $100 million due to diminishing marginal benefit.
Explanation:
The understanding of this question is based on the explanation of Diminishing Marginal Benefit
Diminishing Marginal Benefit is a law that states the an increase in the consumption of a thing while all other factor remain constant will reduce the marginal benefit or utility derived from the increased or additional unit.
Utility represents the benefit or satisfaction derived from consumption.
Based on this law, since $800 million has been spent on healthcare, every additional amount spent will bring in some benefit but will be at a diminishing rate. This means it will not provide as much benefit as the previous $100 million.
Answer:
$
Material used 2,500
Direct labour 5,000
Overhead applied 200
Cost of goods sold 7,700
Explanation:
The overhead applied is the difference between cost of goods sold and cost of material used and direct labour. The cost of goods sold is $7,700 while the cost of material and labour is $7,500. The difference of $200 represents the overhead applied.
Answer: A
Explanation: Just passed the test:)
Answer:
2) perfectly vertical
Explanation:
When the price elasticity of demand is perfectly inelastic, the demand curve is perfectly vertical. This means that the quantity demanded will remain the same no matter what price.
In this scenario, the supply curve for oranges shifted to the left due to the early freeze, which results in a price increase at every level of quantity demanded. Since the demand is perfectly inelastic, the new equilibrium price will be determined by the how much the supply curve shifts.
