If the returns are constant to scale, the output increases by the same as the increase in inputs, therefore, it would double.
Answer:
Option (B) is correct.
Explanation:
Unit of account:
There are some functions of money or we can say that characterstics of money:
(a) Medium of exchange
(b) Store of value
(c) Unit of account
(d) Standard of deferred payments
Sea shells are precious items but one cannot properly split divide those sea shells into small denominations like money does. Money is easily storable, people use as a medium of exchange and unit of account.
By unit of account we mean that we can easily measure the value of goods and service and many things in monetary terms but we cannot measure in terms of sea shells.
That's why sea shells unfit to act as money today.
Leaving Your Mail Unguarded. ...
Throwing Sensitive Documents into Your Trash. ...
Losing Your Wallet or Smartphone. ...
Falling for Cyberscams. ...
Using an Insecure Internet Connection.
Answer: $230,000
Explanation:
Gross profit to be earned from project:
= Construction price - cost of construction
= 6,000,000 - 5,500,000
= $500,000
Percentage of costs incurred in 2017:
= 2,530,000 / 5,500,000 * 100%
= 46%
The Gross profit for 2017 is therefore:
= Percentage of cost incurred * total gross profit
= 46% * 500,000
= $230,000
Answer:
Effective follower
Explanation:
An Effective follower is employee in a business who often go to leadership positions, who are always motivated and keen to take responsibility and who exceeds expectations and achieves business goals just like Sarah
