<span>If you cause a car accident, which type of insurance will require you to pay the least out of pocket? A low deductible plan. When you have a low deductible plan, you are going to pay less out of pocket because you will likely meet your out of pocket max in a short timeframe. When you meet your out of pocket max, you hit your deductible amount that needs to be paid by you and then your insurance will handle the rest. </span>
A producer supplies an income-type rent at the same time as an independent leasing business enterprise gives an instantaneous.
Unbiased humans have a mind of their very own. it's far due to this exceptional that their ideals and principles are nicely-rooted and can't be easily swayed with the aid of the critiques of others. Any selection they take is primarily based on what they believe and not on the expectations or judgments of society.
It promotes self-belief and in addition to motivation and perseverance in college. It fosters self-reliance, permitting your toddler to feel they've been manipulated over their existence. A girl who supports herself on her own entirely and is proud in order to achieve this could be seen as being impartial. An independent woman is aware of what she feels, says what she actually believes, and lives real to her personal values. She owns her very own power and looks out for herself.
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The three basic questions in Economics are all of these,except When to produce
Answer:
A) By product pricing
Explanation:
If you are able to sell your companies by products it is a great way to make more money and to reduce costs. Imagine if the cheese factories needed to throw away all that brine. They would need to develop some waste disposal facility which obviously costs money to build and operate. Instead they are lowering their costs by selling it and at the same time are getting more money. They would probably even give it away for free if no one was willing to pay for it.
Answer:
1. Apart from helping to know the average cost of a product, analyzing fixed and variable cost will help to derive the break even point.
2. Profit will go down
Explanation:
1. The size of the selling price and the variable cost determine contribution per unit of a product. Contribution per unit is Price minus variable cost. This shows the contribution of sales revenue towards covering the fixed cost of a product.
2. Relevant range is the estimated or budgeted activity level which defines a business volume of production or operation, it is both maximum and minimum threshold within which the entity must operate to expect certain level of cost and revenue.
Sometimes fixed costs are fixed within a relevant range of activities and outside such range, fixed cost may become variable, which will all things being equal impact negatively on the price.
Also, within relevant range volume discount may be achieved and outside such range, this may be forfeited which, will also reduce profit all things being equal.
