Answer:
Results are below.
Explanation:
Giving the following information:
Eastern Tour Western Tour
Projected revenue $ 11,000 $ 13,000
Variable costs 2,000 6,000
Fixed costs 3,000 3,000
Profit $ 6,000 $ 4,000
Western Tour provides a higher projected revenue ($2,000 higher), but also higher variable costs. The variable cost of Eastern Tour is $4,000 lower, making it the more profitable option, as fixed costs are equal.
Answer:
(a) Assumption
(b) Cause and Effect
(c) Cause and effect
(d) Assumption
Explanation:
(a) People behave rationally: Assumption
Rational behavior refers to a decision-making process that is based on making assumptions that result in an optimal level of benefit or utility.
(b) Cause and Effect
If a price of goods falls that is a cause and the effect is that people will consume more of the good.
(c) Cause and effect
As the population grows faster than food supply (cause), mass starvation is predicted to occur which is the resultant effect.
(d) Assumption
The maximization of profit is based on the assumption of theory of production and costs.
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The correct option is B. A country can produce beach balls at a lower opportunity cost than any other country. It has a comparative advantage in producing beach balls.
The capacity of an actor to create an item or a service for less money than a rival.
<h3>
What is a comparative advantage in economics?</h3>
Developed by British economist David Ricardo in the 19th century, comparative advantage is an economic theory that links differences in relative opportunity costs, or the price paid for providing a given item, between nations, to the causes and benefits of international commerce.
If someone can create something for less money than anyone else, they have a comparative advantage. Comparative advantage is different from superiority in a given field.
The best choice is B. A nation can create beach balls for less money than any other nation. In terms of making beach balls, it has a comparative advantage.
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To record a sales transaction, use create invoices- receive payment- make deposits.
<h3>What is sales transaction?</h3>
Sales Transaction means transactions consummated between a company and subscriber of its capital stock. It is the transfer of a company's asset to another after sales have been completed.
Hence, to record a sales transaction, use create invoices- receive payment- make deposits.
Learn more about sales transaction here : brainly.com/question/25347238
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