Often, this is referred to as an equilibrium.
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Answer:
Contribution Margin is 51.875%
Explanation:
Contribution Margin = Contribution/Selling Price × 100
<u>Contribution</u>
Contribution = Selling Price/ unit - Variable Costs/ Unit
Selling Price $80.00
<em>Less Variable Costs</em>
Raw Materials ($25.00)
Direct Labour (45mins/60mins×$18) ($13.50)
Contribution ($41.50)
<u>Contribution Margin</u>
$41.50/$80.00×100=51.875%
Answer:
Increase demand
Explanation:
Tastes and preferences of the consumers is one of the determinant of demand that would shift the demand curve rightwards or leftwards.
Now, if there is an increase in the taste of the consumers for a good then as a result this would increase the market demand for that particular good. This would also shifts the demand curve of that good rightwards.
If there is a positive change in the taste of the consumers for a good then they will buy more quantity of that good.
Answer:
B . Moody's
Explanation:
There are three major companies that provide credit rating services in the US. They are
- Standard and Poor (S&P)
- Moody’s Investor Services
- The Fitch Group
Each agency uses unique letter-based scores to indicate if a debt has a low or high default risk and the financial stability of its issuer.
Answer: Fall in revenue
Explanation:
A decrease in demand means a lower level of demand compare to the previous period. A price taking firm means that the firm cannot determine the price in the market. Profit maximising level of output means the output level that gives the highest profit.
A fall in demand without an increase in price at a profit maximising level of output will lead to a fall in revenue and profit all things being equal.