I would say this type of arrangement between the two largest airlines could be considered a type of cartel whereby most or a high % of the airline passenger market is controlled mostly by two airlines so they think they can raise prices unilaterally.
The option B is the correct answer.
Answer:
A manager is an employee hired to oversee daily administration of the business. while the entrepreneur owns the business
The four core principles of economics: C. apply to this decision because Gilberto's vote is a marginal vote that could determine the outcome of the election.
<h3>What is economics?</h3>
Economics can be defined as a field of science that is focused on the analysis and examination of various principles that influence the production, cost, demand and supply of goods and services.
<h3>The four core principles of economics.</h3>
Generally, there are four (4) core principles of economics with respect to decision-making and these include the following:
- Rational people think at the margin.
- Everybody face tradeoffs.
- Incentives influence people's action.
- Opportunity cost.
In the context of the four (4) core principles of economics, we can reasonably infer and logically deduce that Gilberto's vote is a marginal vote and as such it can influence the outcome of the election.
Read more on core principles of economics here: brainly.com/question/13211353
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Answer:
Common Fixed Expense is $28,600
Explanation:
Given,
Contribution of Division A = $49,300
Computing Contribution of Division B as:
Contribution = Sales × Contribution margin ratio
where
Sales is $242,000
Contribution margin ratio is 25%
So,
Contribution = $242,000 × 25%
= $60,500
Therefore, Total Contribution is :
= $49,300 + $60,500
= $109,800
Computing Income before Common Fixed Expense as:
Income before Common Fixed Expense = Total Contribution - Traceable fixed expenses
= $109,800 - $51,600
= $58,200
Computing Common Fixed Expense as:
Common Fixed Expense = Income before Common Fixed Expense - Income after Common Fixed Expense (Net Income)
= $58,200 - $29,600
= $28,600