At a price of $13, quantity demanded is 120 units<span>, quantity supplied </span>is 130 units; therefore,<span> excess supply</span> has occurred. This is also called as economic surplus. This is the effect when the price set to the product is above its equilibrium level which is determined by its supply and demand.<span> </span>
The answer for this question is: <span>would leave the market first if the price were any lower
Marginal seller is a type of seller whose main goal is to obtain as much profit as possible within a short period of time. These type of sellers usually spent their resource in order to find out the current trend in the market and create products according to that trend</span>
C. Industry Description
Industry description should include information about the market, target customers, similar businesses, and future industry growth opportunities
Answer:
40% and $400
Explanation:
For computing the change in net operating income, first we have to determine the contribution margin ratio which is shown below:
Contribution margin per unit = Selling price per unit - Variable expense per unit
= $4 -$2.4
=$1.6
And, Contribution margin ratio = (Contribution margin per unit) ÷ (selling price per unit) × 100
So, the Profit volume ratio = (1.6) ÷ (4) × 100 = 40%
Since the sale is increased by $1,000, so the change would be
= $1,000 × 40%
= $400
Answer:
Yes it is very necessary to avoid plunging into a mess of bankruptcy. Every business needs to be planned before venturing into, and if a clear process is not observed then there is a huge danger by the corner.