<u>Solution and Explanation:</u>
GDP is calculated as follows:
Y = C + G + I + NX
where
C = Consumption
G = Government Expenditure
I = Investment
NX = Net Exports
It is mentioned that in 2015, GDP was 50 million and in 2016, it was 48 million without any change in the factors except NX. It means the net exports that is the difference between export and the import of the country has changed and it has fallen by 2 million.
Answer:
Less than average total Cost
Explanation:
Average total cost can be estimated as
(total fixed cost as well as variable costs )/ ( total units produced). It has a great impact on how a business is going to set up the price of their products. Marginal cost is can be regarded as alteration in total cost as a result of increase in unit of quantity produced. It should be noted that If a firm's average total cost decreases as the firm increases its output, the firm's marginal cost must be Less than the average total cost
Answer:
<u>Advertiser</u>
Explanation:
Advertising refers to promoting a product or a service with an objective to enhance it's sales and identify the prospective buyers of a product.
Advertisement medium may include , print media advertisements such as journals, newspapers, catalogs, posters, magazines, etc.
Advertising may also utilize visual space and audio means such as advertisements on radios, televisions, internet, etc.
The process begins with the advertiser who is usually the seller, refers to a person or an organization desirous of selling it's products. The seller decides the method of advertisement as per the kind of products he/she deals in and the cost he/she is willing to bear, since advertisements can be very costly.
The advertiser can be simply defined as the payer for the advertisement.
Music and memories™ is best classified as a<u> "non-profit" </u>organization.
A non-profit organization (NPO) is one which isn't driven by benefit yet by commitment to a given reason that is the objective of all wage past what it takes to run the association.
Non-profit organizations are regularly utilized for trusts, cooperatives, backing, philanthropy, natural and religious gatherings.
Numerous however not all NPOs have paid staff in administration positions; all utilization volunteers. NPOs have no proprietors for surplus benefits to go to and any surplus subsequent to working costs are utilized to encourage its objectives as opposed to being conveyed between individuals or representatives of the organization.
