Answer:
The correct answer is A. What goods will be produced, how will they be produced, and who will receive the goods?
Explanation:
- Questions about what goods and services should be produced have always overwhelmed entrepreneurs. There are very few guarantees that a new product, once it has entered the market, has in the case of a country and from an economic point of view, this question should be asked about the resources available instead of asking about some specific product.
- Knowing what is produced is half the battle won, but knowing how it is produced is the most important thing. This idea encompasses much more than the infrastructure and resources available.
Again, in developed economies the problem lies mainly with companies, but in many cases, companies depend on the government to create these conditions.
- If nobody buys the product, it makes no sense that it is produced. In a modern economy, thanks to communications, companies do not start to produce something until they are sure that there is a market that will buy it, but sometimes a company's product does not achieve success exactly like that. Therefore, the definition and importance of the economy must be taken into account, so future evils will be avoided.
Answer:
(B) False
Explanation:
In the circular flow, the raw material that is basic resource provider gets to increase his income which means that his profit margin is high thus sales value is high and therefore, the result will be higher cost for the producers using such resources.
Since the cost to producers is revenue to resource owner's, this means high revenue to owner's and high cost to producers.
Thus, above stated statement is
(B) False
The <u>Andromeda Galaxy</u>, a member of our local group, is moving toward us.
Our neighborhood galaxy, the Andromeda Galaxy, is moving closer. Since the beginning of the universe, which took place billions of years ago, it has been expanding.
Everything in the universe is drifting away from one another via space because there is no center to the universe. Our local group, which is bound together by gravitational attraction, includes the Andromeda galaxy.
The Andromeda Galaxy is our local group's biggest elliptic galaxy. It is larger than our own galaxy, the Milky Way, by more than thrice. The Local Group, one of many different groups of galaxies that are gravitationally connected to one another, includes both galaxies.
To learn more about the universe expanding
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Its has to be B, it gotta be B
Answer:
CVP Income Statement
Sales revenue 2,300,000
Less: Total variable cost <u>1,171,000</u>
Contribution margin
1,129,000
Less: Fixed cost <u>664,000</u>
Net Operating income <u>$465,000</u>
Note:
Cost of goods sold 936,000
Selling expenses 119,000
Admin expense <u>116,000</u>
Total variable cost <u>1,171,000</u>
Cost of goods sold
473,000
Selling expenses 71,000
Admin expense <u>120,000</u>
Total Fixed cost <u>664,000</u>