Businesses and entrepreneurs are more willing to take up projects with high relative profit because they are looking for profits.
Explanation:
The government sponsored projects which are on offer do not generate as much revenue for a firm that they can earn for a similar project in which the per unit cost of production will be covered better as the consumer will be paying them more.
In government funded projects, they will not receive enough benefits from the government to cover their costs and justify the price drop which comes with people expecting lower rates from products associated with the work of the government.
Thus is it viable to work on private projects more.
Answer:
a. Equilibrium quantity: 40 units; Equilibrium price: $40.
b. Quantity demanded: 10 units; Quantity supplied: 30 units; Surplus: 20 units.
c. Quantity demanded: 9 units; Quantity supplied: 31 units; Shortage: 22 units.
Explanation:
a. The equilibrium quantity occurs when the demanded and supplied quantity are the same, the price for which this situation happens is:
At an equilibrium price of $40, the equilibrium quantity is:
b. At a price of $50, the quantity demanded, the quantity supplied, and the magnitude of the surplus are, respectively:
c. At a price of $29, the quantity demanded, the quantity supplied, and the magnitude of the shortage are, respectively:
Answer:
C. $125,550
Explanation:
Given that
At beginning = 7200unit at $12 each
During = 3000unit at $13
= 12000 unit at $13.50
Sold = 12900 unit.
Therefore, USING FIFO
Unit sold
= (7200 × 12) + (3000 × 13) + (2700 × 13.50)
= 86400 + 39000 + 36450
= $161850.
Thus, inventory remaining
= (12000 - 2700) × 13.50
= 9300 × 13.50
= $ 125,550
Ending inventory = $125,550
One advantage of training is that it can enhance employees' skillset within the organisation overall. A disadvantage is that training can be costly especially if employees leave taking their skills elsewhere.
Answer:
5) everyday low
Explanation:
An everyday low pricing policy (or strategy) refers to simply selling your products at a cheaper price than your competitors.
For example, bargain stores usually sell their products at a lower cost than the competition, Walmart, Target and Kmart are supposed to be bargain or discount stores. Another common type of retail store that uses this pricing strategy are outlet stores, specially clothing outlet stores.
