Answer:
$100,000
Explanation:
Operating expenses refers to the expenses incurred by the firm at the time of starting the business.
Total amount of annual operating expenses for this income-producing property:
= minor roof repairs + property taxes + maintenance + janitorial + security
= $20,000 + $30,000 + $25,000 + $15,000 + $10,000
= $100,000
Answer:
c. quotas
Explanation:
Quotas refer to minimum criteria to be fulfilled to meet the requirement.
Accordingly in the given instance Rita is given certain quotas to fulfill to meet the job. For this she has to sell at least 5 television sets, which shall be flat screen.
Also she must identify at least 10 potential customers who shall buy flat screen sets in near future.
These are basic conditions which are called quotas.
D. They are both types of civil law
Answer:
The price of trucking services would fall until equilibrium prices are reached. Only normal profit would be earned in the long run
Explanation:
A perfect competition is characterized by many buyers and sellers of homogenous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry.
In the long run, firms earn zero economic profit. If in the short run firms are earning economic profit, in the long run firms would enter into the industry. This would drive economic profit to zero.
Also, if in the short run, firms are earning economic loss, in the long run, firms would exit the industry until economic profit falls to zero.
Answer:
could likely result in a notable loss of sales to competitors
Explanation:
In the case of the perfect competitive market wheen the price of the firm is increased from $179 to $199 as compared to the prevailing market price so this means that there should be the loss with respect to the sales for the competitors or rivalrs as this would result the firm to lose its overall shares to its rivalry
Therefore the above statement should be considered true
