Answer: The equilibrium rate of interest in the market for money is determined by the intersection of the supply of money curve and the total demand for money curve.
Explanation: To determine the equilibrium rate of interest, it's necessary to study where the supply and demand curve points intersect. When supply and demand are equal, equilibrium has been achieved.
Answer:
Word of Mouth
Explanation:
As per the question company is enjoying its own business with the help of satisfied customers and customers are sharing their experience with the company because the Choco Central is a branded company and whoever (customer) is enjoying the brand tells their family, friends, and their relatives. So, automatically the company publicity is on top with the help of satisfied customers and providing the premium quality.
Therefore, the advertisement of the Choco Central is getting publicity from the customers through word of mouth.
One of the example of the commodities in which the sellers have little choice in setting selling price is books
In selling a books, all the price is usually arranged by the publisher and manufacturer and the seller could not really set the selling prices unless they have enough resource to self-publish
Answer:
$24,000
Explanation:
Product A Product B Product C
sales 70,000 97000
Variable cost 37000 51000
Contribution margin 33000 46000
Avoidable cost 10,000 20000
Unavoidable cost 7000 12000 9400
Operating income 16000 14000
Total operating income if product C is dropped is (16000+14000 +3400-9400)
=$24000
Please note that Giant company with still incur the unavoidable cost even if the product is dropped. This is assumed to be a portion of the fixed overhead expenses allocated to the product in the course of normal operation.However , the loss made of 3400 will be avoided as well
