Because it is very easy to spend money that you do not have by using a credit card. Most think they can pay it off the following month, but that rarely happens.
Answer: C
Explanation: $39,746 made each year over two years would be over $54,000
Let the additional number of units, babymart need to sell be x, then
Revenue = $315(400 + x)
New fixed cost = $50,000 - $5,000 = $45,000
Thus, Total cost = $115(400 + x) + $45,000
Net income = Revenue - Total cost = 315(400 + x) - 115(400 + x) - 45,000 = 40,000
⇒ 200(400 + x) = 40,000 + 45,000
⇒ 80,000 + 200x = 85,000
⇒ 200x = 85,000 - 80,000 = 5,000
⇒ x = 5,000 / 200 = 25
Therefore, the additional number of units babymart needs to sell to maintain the same level of income is 25 units.
Answer:
The market price is determined by the combined actions of both the buyers and sellers
Explanation:
In other words, the market price is determined by the <em>clash of supply and demand</em>, which are the two basic economic determinants. Although Ulla is affected by a drought, she knows she cannot raise the sugar beet price, as her competitors would beat her. On the other hand, they could increase the price if all of the beet sellers throughout the US were affected by a drought.
Answer: D. The state law violates the principles of intergovernmental immunity as applied to the manager
Explanation:
Based on the information given, the manager's best defense against the imposition of the fine is that the state law violates the principles of intergovernmental immunity as applied to the manager.
We should note that unless Congress agrees to a particular regulation, the state doesn't have the power to regulate federal government activities and therefore cannot interfere with federal functions. Therefore, the regulation in this case isn't applicable to the manager.
