Answer:
The correct answer is letter "B": Grants are typically needs-based while scholarships are typically merit-based.
Explanation:
The main difference between a grant and a scholarship is that a grant can be received by different types of institutions and individuals -e.g. non-profit organizations, businesses or veterans- based on their needs, but scholarships are provided to students only based on their scores from school.
Answer:
The correct answer is A.
Explanation:
Giving the following information:
Unitary variable cost= $10
Total fixed costs= $15,000
Selling price= $12
The break-even point analysis shows the number of units required to cover for the fixed costs.
To calculate the break-even point in units, we need to use the following formula:
Break-even point= fixed costs/ contribution margin
Break-even point= 15,000/ (12 - 10)= 7,500 units
Answer:
Explanation:
a) since MR=MC, then 15-2Q=3+Q. So, the monopolist produce Q=4
price P=15-Q=10-4=6
profit=6*3-TC=18-(3+4+0.5*4^2)=3
b)since the P=6=6, domestic production will stay the same. The domestic consumption will stay the same. For Wilknam, it will import soccer balls.
c)yes, it holds that Wiknam will be an importer. Because the price for domestic production is 6 which is same as the world price 6.
d)Since the price within country is the same with price out of country, and also, MC=3+Q=7>6, Wiknam will import soccer balls. The monopolist market will become a competitive market.Even though the price won't change,the product will be of high quality and so on. The market will become more equilibrium.