I guess the correct answer is Scientific Law.
Scientific Law is rule of nature that tells you what will happen under certain conditions.
Answer:
alienation
Explanation:
Marx argued that the development of the 'culture' and 'history' was the result of the 'human labor' and not vice-versa. He added that the alienation from oneself is the product of becoming a mechanistic part of society. An individual starts to become alienated when the social class dominates their life. He estranges the person away from their humanistic part.
Answer:
e. the expected marginal benefit exceeds expected marginal cost
Explanation:
Rational decision making refers to deciding in favor of those decisions which yield favorable results. The decision making process takes into account rational, unbiased objective thinking before opting for a course of action.
Marginal benefit refers to how much a consumer is willing to pay to consume an additional unit of output.
Marginal cost refers to the additional cost incurred when another unit of an output is produced.
A rational decision maker makes a change only in the scenario wherein, the marginal benefits derived from consuming a product exceed the marginal cost associated with the product.
Answer:
B
Explanation:
Conversion costs are those costs incurred in converting raw materials to finished products and includes costs of direct labour(wages and salaries paid to workers who are directly involved in production process).
Since costs of production comprises of direct material costs,direct labour costs ,direct expenses(costs of packaging for instance) and all indirect costs ,it would be safe to say costs of conversion is only a part of costs of production
Given:
projected revenue of each event: 90,000
cost of each event: 40,000
weekly events: 52 events per year
Profit = Revenue - Cost
P = 90,000 - 40,000
P = 50,000 per event
Annual Profit = 50,000 per event * 52 events per year = 2,600,000
