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The answer is Business Districts
Answer:
The variable and fixed cost elements of the annual cost of the truck operation is 0.073 and $9,720 respectively.
Explanation:
The computation of the fixed cost and the variable cost per hour by using high low method is shown below:
Variable cost per hour = (High operating cost - low operating cost) ÷ (High kilometers driven - low kilometers driven)
= (135,000 km × 14.5% - 90,000 km × 18.1 %) ÷ (135,000 km - 90,000 km)
= ($19,575 - $16,290) ÷ 45,000 km
= $3,285 ÷ 45,000 km
= 0.073
Now the fixed cost equal to
= High operating cost - (High service hours × Variable cost per hour)
= $19,575 - (135,000 km × 0.073)
= $19,575 - $9,855
= $9,720
Answer: Option (d) is correct.
Explanation:
Correct option: All of the above are correct.
In a perfectly competitive market, there are large number of buyers and sellers. Price and demand of the commodities are determined by the market forces. All the firms in a competitive market are price taker.
Any single firm cannot influence the market price. If a single firm tries to increase their price by a small amount, will lose all of its product demand to other firms. This is because of the competition among the firms.
As a licensed foster mom, the answer is F. All of above