Relationship of the firm to other economic agents.
Explanation:
Economics is a branch of social science where it shows the relation between the firm as well as other economic agents. The economic agents can interact individually as well as in an aggregate way. An economic agent is referred to as decision maker that can effect the economy at the time of selling, producing, buying. The various examples of economic agents are firm, households, individuals as well as business.
In this context NYC is a firm and the rent guideline boards as well as the landlords are various economic agents. In this context a relationship is shown between the firm and the economic agents.
Answer:
Net Sales = $100,100
Sales Return and allowances = $4,500
Net income = $33,700
Explanation:
Cost of goods sold 48,200
Gross Profit 51,900
Net Sales 100100
Sales Return and allowances = Sales - Net sales- Sales discounts = 107800-100100-3200 = 4500
Selling Expenses = Total operating expenses - General and Administrative Expenses = 18200 - 10400 = 7800
Net income = Gross profit - Total operating expenses
=51900-18200
= 33700
Answer:A
Explanation:
A joint ventures is a business entity created by two or more parties, generally characterized by shared ownership.
Answer:
A. Decrease in supply
B. Increase in quantity supplied.
C. Increase in supply
D. Decrease in supply
Explanation:
If the price of paper increases, the cost of production increases and supply falls.
If the price of economics textbooks increases, the quantity supplied increases in line with the law of supply.
If the number of publishers increase, the supply would increase.
If there are expectations that prices would rise in the future, suppliers would decrease supply now and increase it in the future in order to earn a higher revenue.
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