Answer:
See the excel spreadsheet attached.
Anticipated profit/(loss) is ($20,000).
Explanation:
The net profit/(loss) is the difference between the total sales and total cost. The total sales is computed as the product of the sale of each book and the number of books sold. The total cost is the sum of the variable and fixed costs.
The total variable cost is the product of the variable cost per book and the total number of books sold.
Alternatively, sales less variable cost gives contribution margin. Contribution margin less fixed cost gives the net profit. As shown in the spreadsheet attached.
Answer:
tuition is typically less and it does not earn any degree or certificate
A pure market economy in a theoretical concept in that it has never really existed. In a pure market economy producers create what they want at a price consumers will pay. Consumers pay what they want. The key is no regulation.
Answer:
The correct answer is option (C).
Explanation:
According to the scenario, the given data are as follows:
Base year basket price = $5,000 billion
Year 2 basket price = $5,500 billion
So, we can calculate the consumer price index by using following formula:
Consumer price index = (Year 2 basket price ÷ Base year basket price ) × 100
By putting the value, we get
Consumer price index = ( $5,500 ÷ $5,000 ) × 100
= 1.1 × 100
= $110 billion
