Answer:
Variable costs vary with the volume of production and can be changed in the short run.
Fixed costs do not vary with the volume of production and cannot be changed in the short run. Only in the long run can they be changed.
Variable costs:
- Advertising expenditures
- Fuel
- Shipping charges
- Payments for raw materials
- Wage payments
- Sales taxes
Fixed costs:
- Interest on company issued bonds
- Real estate taxes
- Executive salaries
- Insurance premiums
- Rental payments on leased office machinery.
The answer is Mens Rea which literally translates from Latin as guilty mind. Establishing the mens rea of an offender is usually necessary to prove guilt in a trial. The mens rea requirement is based upon the idea that one must possess a guilty state of mind and be aware of misconduct. However, a defendant doesn´t need to know that their conduct is illegal to be guilty of a crime.
Answer: Including performance test polls or awards gives information on the product quality and listing lnames of satisfied users gives consumer confidence on the product.
Sending unwanted merchandise, since it's not related to the product will not add value to it. Using a celebrity name without authorization may bomerang if the celebrity goes about denying knowledge of the product.
Answer: Option D
Explanation:
A. In a perfectly competitive market the number of firms is so large that no individual firm can affect the price. Thus, A is correct.
B. All firms in a perfect competition sells same product without any differentiation thus no firm can charge extra price. Thus, B is correct.
C. There are no barriers to entry and exit in the market therefore no firm can earn abnormal profits in long run. Thus, C is correct.
Hence all the options given are characteristics of perfect competition.
Answer:
A
Explanation:
All the other responses are numerical, which is quantitative. Marital status is qualitative