Answer:
B
Explanation:
I think you've already figured this out for yourself, but I thought I'd answer anyway and maybe clarify some things.
Supply is the total amount of a <u>good or service</u> that is available to consumers.
- Think about it: goods are physical things bought and sold, like apples. Services are actions done for another person, like taxi driving or renting a used car.
- None of the other answers make sense: a "device" is not a strictly defined term in economics; an "industry" can't be available to consumers, and a "warranty" isn't applicable.
Answer:
Deregulation can describe either removing government control of the price of a good or the removal of government control of quantities.
Explanation:
Deregulation is the removal of government control , regulation or power in a particular sector or industry. An example of deregulation is the mail delivery. The government had a monopoly on the royal mail for many years
Deregulation can involve :
- removal of government control on price
- Removal of control on quantities
Advantages of deregulation
- It increases the rate of innovation and competition. This increases consumer choice.
- Efficiency of corporations are increased and this lowers cost
Disadvantages of deregulation
-
Customers are more vulnerable to high risk-taking by companies.
Answer:
29,771 units
Explanation:
The break-even indicates the number of units that you have to sell to cover your costs. The break-even point is calculated by using the formula:
Break-even point in units= Fixed costs/(selling price per unit-variable cost per unit)
Break-even point in units= $195,000/($14.95-$8.40)
Break-even point in units= $195,000/$6.55
Break-even point in units= 29,771 units
The break-even point in units is 29,771.
Answer:
Check screenshot attached below
Explanation:
