Answer: The supply curve will shift ot the left if wages paid to milkshake makers increase.
When the wages paid to workers increase, the cost of producing a product also increases.
If the supplier continues to sell at the price before the wage increase, he will earn less profits than before, so he will not be motivated to produce as many units of the product as he was producing before.
In order to produce as many units as he was producing before the wage increase, he will look achieve the at least the same amount of profit as before. So, he’ll be willing to supply the same quantity of goods only at a higher price per unit. Hence the supply curve will shift to the left.
Answer:
d. 9,200 units.
Explanation:
The computation is shown below for break-even points in units:
= (Fixed expenses ) ÷ (Contribution margin per unit)
where,
Fixed costs = $260,000 + $11,400 = $271,400
Contribution margin per unit = Selling price per unit - variable cost per unit
= $50 - $20.5
= $29.5
Now put these values to the above formula
So, the units would equal to
= $271,400 ÷ $29.5
= 9,200 units
Answer:
The answer is D.
Explanation:
A sole proprietorship is a one man business( it is owned and run by one man). Sole proprietorship is not a distinct business entity i.e there is no legal distinction between the owner and the business entity.
Because the business is not separated from its owner, he or she can be liable for the debt of the business. The sole proprietorship can be sued directly for any bad debt the business incurs. This is what unlimited liability means and it is the main disadvantage of of sole proprietorship.
Answer:
$6.50
Explanation:
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