Answer:
c) $17.15
Explanation:
Normal retail price of fries: $0.99
Cost of the fries: $0.50
Margin= $0.99-$0.50=$0.49
Considering, that with the lunch special, the fries are sold at a price of $0.50 which is the same as the cost of them, the margin lost per fries order is $0.49. If you sell 35 of the lunch specials, the total margin lost is:
$0.49*35= $17.15
Answer:
As of December 2019, the total amount of currency in the US economy was $1,700 billion, while total checkable deposits as of December 2019 was $2,300 billion.
Explanation:
Total M1 money supply in the US economy as of December 2019 was $4 trillion (as stated by the federal reserve)
M1 money supply includes checkable deposits, paper bills and coins (currency) and travelers' checks.
Answer:
Price, Speed, Gas type, Quality, and Reliability
Explanation:
Answer:
B. will be horizontal
Explanation:
A type of market where output is identical to the output of any other firm in the market and the market has many firms and transaction costs are low is the perfect competition.
The demand curve is horizontal because in this type of market, price is set by the forces of demand and supply. Buyers are sellers are price takers and they don't have any influence over prices. At the going market price, sellers sell all the quantities of their products.
But if they attempt to increase price, quanitity demanded would fall to zero as consumers would easily shift to other sellers. Also, there would be no incentive to reduce price because they would be earning a loss.
I hope my answer helps you
The United states, have a good day!