Answer:
D. The supply of a product increases as its price increases
Explanation:
Supply is the volume of a product or a service that sellers are willing to sell in the market at a stated price. The law of supply explains the relationship between price and the quantity suppliers are willing to sell.
The law asserts that as the price increases, suppliers will supply more quantities of a product. A price decrease will cause suppliers to supply a lower quantity. Suppliers are profits motivated. A price increase results in higher profits hence more supply.
Answer:
B) contrast effect
Explanation:
The contract effect generated by this situation refers to Samantha obtaining a higher job interview rating because the interviewer compared her performance to the very mediocre performance of the previous candidate.
In other words, since the previous guy or girl was such a bad candidate, that Samantha was considered a great candidate by comparing her to the previous guy or girl.
Answer:
Contribution Margin= $140,000
Explanation:
Giving the following information:
Cross Creek Clinic has revenue totaling $200,000. The clinic has costs totaling $100,000. Of this amount, 60% is a variable cost and 40% is fixed cost.
To calculate the contribution margin we need to use the following formula:
Contribution margin= total sales - total variable cost
CM= 200,000 - (100,000*0.6)= $140,000
