Answer:
The four components of gross domestic product are personal consumption, business investment, government spending, and net exports. 1 That tells you what a country is good at producing. GDP is the country's total economic output for each year. It's equivalent to what is being spent in that economy.
Explanation:
Answer:
c.Rents occur at the beginning of each period of an annuity due.
Explanation:
First, know the difference between Ordinary annuity and Annuity due.
In Ordinary annuity, recurring payments occur at the end of the payment period; for example at the end of every month, end of ever year , end of every quarter etc.
On the other hand, in the case of Annuity due, the recurring payments occur at the beginning of the period like at the beginning of the month, beginning of the year;Jan 1st, or beginning of every quarter
In the case of rent, tenants pay rent at the beginning of each month making this type of payment an Annuity Due.
Answer:
The answer is C. Electrowhip operates in a market with many competitors.
Explanation:
First, let re-visit to the penetration pricing strategy definition. It is the strategy where price is set low so that firm can gain market share as quick as possible on the selling point of low price.
With the above definition, a. is not relevant, b. is not correct, d. is not correct because if the market is not price-sensitive, the low price will not be the selling point for them to gain market share, e. is not correct as low pricing is not an appropriate strategy to approach elite level.
With C, when there are many competitors in the market and Electrowhip is unable/ unwilling to design a unique product toward a pre-determined sub-section in market share, penetration pricing strategy seems to be the most appropriate strategy for Electrowhip.
Answer: D) B
Explanation:
The Producer Surplus refers to the area below the Price Floor but above the Supply Curve and left of the new Quantity supplied. It comprises of areas B and E.
Before the Price Floor was introduced, area A, B and C were the Consumer Surplus as they were above the price but below the Demand Curve.
After the Price Floor was introduced however, area B has become a Producer Surplus.
Answer: c. 27%
The purpose of markup percentage is to find the ideal sales price of a product. For example, if the CD costs $11 each, and the selling price is $15, then the store’s markup on the unit cost is 4/11 or 37% while store’s mark up on selling price is 4/15 or 27%.
