Answer:
The correct answer is option C.
Explanation:
The real GDP of a nation was $250 billion in 2015, its population was 122 million.
In 2016, its real GDP was $265 billion and its population was 125 million.
The real GDP per capita in the year 2016 is
= 
= 
= $2,120
The GDP per capita in 2016 is $2,120.
Answer:
The answers is: B) 5 apples; 2 apples
Explanation:
The opportunity cost is how much of one product you are giving up when you decide to take a different product.
In this case, for every pair of shoes an American worker decides to make, he is not growing 5 apples (100 apples / 20 pairs of shoes).
And for every pair of shoes a Canadian worker decides to make, he is not growing 2 apples (20 apples / 10 pairs of shoes).
Answer:
increase
Explanation:
Break-even calculation is use to determine the minimum number of units a company needs to sell in order to cover the fixed costs. The formula for break-even point is as follows;
Break- even = Fixed cost/ (Selling price - Variable cost)
If you increase variable cost (VC) while keeping the selling price and fixed cost constant, the denominator amount will be smaller making the break- even point to increase.
<span>Management by exception holds that only those issues that are significantly deviating from the normal course of action need to be looked at. If the deviations are minor or are likely due to random chance, then management does not need to worry about it at the time. None of the choices presented properly give this definition.</span>
