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3 years ago

The price of a good or service must ____.

Business

1 answer:

monitta3 years ago

6 0

Answer:

c. cover the cost of producing and selling the product

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Find the dimensions of a rectangle with the area 170 sq. ft.

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One side could be 85 and the other could be 2.

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3 years ago

Margo spends $30,000 on one year's college tuition. The opportunity cost of spending one year in college for Margo is:

Tju [1.3M]

Answer:

Purchases she could have made with $30,000 plus the earnings foregone

Explanation:

Opportunity cost refers to the benefit obtained from the next best alternative.

Here, the opportunity cost of spending a year in the college is the purchases worth of $30,000 that she would have do it and the money income that she would have earned it.

Opportunity cost can be represented in terms of monetary and non monetary.

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4 years ago

GDP: Is It Counted and Where? For each of the following items, write one of the following in the space provided: C if the item i

Salsk061 [2.6K]

Answer:

Check the following solutions.

Explanation:

(1) C

Money spent for movie ticket is personal consumption.

(2) I

Purchase of new residential house is included in GDP under fixed residential investment.

(3) NC

Purchase of used good is not counted (to avoid double counting).

(4) C

Money spent for suit is personal consumption.

(5) G

Defense spending is included in government purchase of goods and services.

(6) NC

Social security, being a transfer payment, is excluded from GDP.

(7) NC

Purchase of stocks is excluded from GDP.

(8) I

Unintended inventory is included under Gross private domestic investment.

(9) NC

Unpaid services are excluded from GDP since market value cannot be precisely computed.

(10) I

The robots are physical capital for Ford's business.

(11) C

Rental payment is personal consumption.

(12) I

Building new factory is fixed non-residential business investment.

(13) NC

Transfer of corporate ownership is excluded from GDP.

(14) NX

Purchase of Japanese car is an Import, included under NX.

(15) C

Tuition payment is personal consumption.

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3 years ago

P7j, a chain of discount stores across the united states, has many store brands including wire, a line of sports shoes. wire is

Hunter-Best [27]

<span>A reduction in pricing does not necessarily increase overall revenue earned from a product.

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8 0

3 years ago

You and a friend have developed a weight loss supplement that speeds weight loss by 20%. You plan to form a business to manufact

igor_vitrenko [27]

Answer:

1. I would choose a limited liability company (LLC).

2. A LLC is a hybrid between a partnership and a corporation. The firm is a pass through entity, meaning that the owners are taxed directly (no corporate tax). But it also provides limited liability, so the owners are not personally liable for the firm's obligations.

Explanation:

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3 years ago