Answer:
to determine her income level, we must add Mary's net salary during the first 3 months + total unemployment benefits for the first 13 weeks (April, May and June) + unemployment benefits for the next 13 weeks (July, August and September) + her normal income received during the last part of the year
total income = ($40,000 x 1/4) + ($947 x 13 weeks) + ($347 x 13 weeks) + ($40,000 x 1/4) = $10,000 + $12,311 + $4,511 + $10,000 = $36,822
total spending = normal spending level during 6 months + reduced spending level for the other 6 months
total spending = ($39,000 x 1/2) + ($39,000 x 1/2 x 9/10) = $19,500 + $17,550 = $37,050
Answer: Economies of scale pertain to the long run only.
Explanation:
Economies of Scale is a long run phenomenon and is defined as the cost advantage that a firm experiences as a result of an increase in its output. The benefit arises as a result of the inverse relationship between quantity produced and per-unit fixed cost. The higher the quantity of output that are produced, the lower the per-unit fixed cost.
Economies of scale leads a fall in the average variable costs with an increase in the level of output. This is as a result of synergies and operational efficiencies which comes into place due to the increase in the scale of production. Economies of scale is a vital concept as it shows the competitive advantages big firms have over the small firms.
Answer:
The correct answer is letter "C": Pay $250 per month until it’s paid off.
Explanation:
While paying a debt on a credit card, it is recommended for the cardholder to <em>select the shortest length for payoff</em> possible because choosing the largest implies adding more interest and fees to the debt.
In the example, if the principal -the quantity of debt without interest- is $1,000 and the cardholder decides to make $250 payments, it implies the debt will be paid off in 4 months ($1,000/$250 = 4). Then, that is the choice to select if the intention is paying less.
