Answer:
A
Explanation:
If price of equipment which can be used as substitute for labour then company will prefer to buy that equipment which will decrease the demand for labour in a perfectly competitive labour market. Equipment will work as the replacement of labour.
Answer: $150
Explanation:
Breakeven point in units sold = 2,000
Variable expenses per unit = 500
Total fixed expenses = $150,000
The break even in units is calculated as:
= Fixed Cost / Contribution per Unit
Therefore,
1000 = 150000/ Contribution per unit
Contribution per Unit will now be:
= 150000 / 1000
= 150
It should be noted that after the break even point, every unit sold will lead to an increase in the contribution per unit to the net operating income. Therefore, the amount that'll be contributed to net operating income by the 2,001st unit sold is $150.
Answer:
The town should provide the additional mosquito control only if the marginal benefit generated for the residents of Falls Valley is equal to or greater than $100,000.
Explanation:
The town must use the same logic as any business, they only increase their activities when MR ≥ MC, in this case the marginal revenue equals the benefits generated by the mosquito treatment.
Answer:
<em>Corner offices in high-rise office buildings usually cost more to rent than other offices. This BEST illustrates the economic concept of: </em><em><u>scarce </u></em><em><u>resources</u></em>
