Buy the car if it is good quality... or if he has enough money
Answer:
c. discretionary income.
Explanation:
There are various incomes which are explained below:-
a. Net Income: The income which is calculated after considering all expenses is called gross income.
b. Disposable income: The income which is computed after deducting the tax expenses is known as disposable income. It is not meant for basic necessities that means it considered only tax expenses.
c. Discretionary income: The income which is computed after considering the income, government taxes, other business expenses and day to day expenses is called discretionary income.
d. Gross income: The income which is calculated before considering all expenses is called gross income.
e. Earned income after taxes: The income which is earned after deducting the tax expenses is called earned income after taxes.
In the given situation, the most appropriate option is C.
Answer: Option (d) is correct.
Explanation:
Correct Option: Marginal revenue equals marginal cost.
Pure monopoly is a market situation in which there is a single firm who are producing the goods and these goods are the close substitute. There is no other firm in the market. So, the monopoly firm is the price setter.
The output level that is produced by the profit maximizing monopoly firm is at a point where marginal revenue is equal to the marginal cost. It is the same profit maximizing condition that a competitive firm also utilize to find their equilibrium level of output.
C the geographical location of a business
A company's operating cycle refers to the average time that is required to go from cash to: cash in producing revenues.
<h3>What is an
operating cycle?</h3>
An operating cycle can be defined as the average time that it takes a company or business organization to buy goods, sell these goods and generate revenue (cash) from the sales of the goods.
This ultimately implies that, an operating cycle is simply the average time that is required to go from cash to cash in producing revenues, especially from the sales of the goods.
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