Ad cost which is commercial cost that every franchise pays the corporate and royalty fees.
Answer: Option (D) is correct.
Explanation:
A good is said to be rival in nature if the consumption of that good by one individual will impact the availability of good for the others. This means that less quantity will be available for the others.
For instance, if a city has only one fire station, two fire trucks and four firefighters then it is characterized as rival in consumption because consumption of fire protection by one individual will make the fire protection unavailable for the others, due to its limited availability.
Suppose if there is an emergency call received from about 15 houses then the fire protection have to choose 3 or 4 houses among them because of limited resources. This shows that fire protection is unavailable for others.
Answer:
Matthew's opportunity cost of production is $200000.
Explanation:
An opportunity cost is the earning from the best alternative available.
Matthew was working as a computer analyst where his salary was $200000 which is his best alternative this means that the opportunity cost of the opening bakery for Mathew is $200000.
Therefore, Matthew's opportunity cost of production is $200000.
A characteristic of demand for a good, service, or resource other than its own market price is a non-price determinant.
<h3>What are
non-price determinants?</h3>
Non-price determinants are factors that affect the demand for a good other than the price of the good. Change in the non-price determinant lead to a change in demand. Changes in non-price determinants lead to a shift of the demand curve.
Non-price determinants include:
- Income of the consumer
- Weather
- Change in the price of other goods
- Change in consumer taste.
To learn more about non-price determinants, please check: brainly.com/question/17139199
#SPJ1
