The answer: Kelly owns a massage studio and is offering free 15-minute massages to the participants of a popular 5K race event. This is an example of advertising
Answer:
$15.30
Explanation:
Given that,
Fixed costs = $1,800,000 per year
Variable cost = $3.30 per unit
40% of its business is with one preferred customer.
Total units sold in a year = 150,000
Unit cost per item:
= (Fixed cost ÷ Total units sold) + Variable cost per unit
= ($1,800,000 ÷ 150,000) + $3.30
= $12 + $3.30
= $15.30
Therefore, the unit cost per item is $15.30.
Answer:
1. d. All of the above are true.
2. c. GDP refers to production within the nation while GNP refers to production by domestic factors no matter where they are located.
Explanation:
1. The ratio of country's exports to GDP is known as trade-to-GDP ratio or the index of openness. This ratio main objective is to measures the importance of international trade in an economy and its usually remain high for developing countries.
2. The only difference between GDP and GNP is that of net factor income from abroad. While GDP only takes into account production of goods and services within the country's borders; GNP takes into account production of all economy owned identities, no matter where they are located.
Answer:
Option (c) is correct.
Option (d) is correct.
Explanation:
1. Under the market structure of natural monopoly, its cost of production states that initially there is a need of large amount of investment and after that the marginal cost of producing output becoming so low that the average total cost keeps on falling until the point at which whole market being served.
2. Municipal Power Light, the local supplier of electricity is an example of natural monopoly. In this type service, there is a need of large amount of investment in setting the cables infrastructure and grid and after that the marginal cost of providing each additional unit of electricity is so low that the average total cost keeps on falling which is represented by the downward sloping average total cost curve.
The answer to this question is Simple;informal
Simple contracts usually will be used if the transaction happens in small scale (it held small amount of value)
Which means that both parties either believe in one another or they simply do not care enough about the contract to care about the legal precautions.
