Same as with Canada which is where both my grandfathers came from. Let's see how many reasons I can come up with just off the top of my head and just for those two.
- They enjoyed the freedom of the First Amendment (speech, press, religion, assembly -- Canada has the same provision) that was not granted in the country they left. They never exercised those rights, I don't think, but their children and grandchildren did.
- They were free to raise their children so that they had the chance of being productive. My father was an MD, but he owed that piece of good fortune to his father. The country from which they came would never have allowed him to get all that education.
- They were able to eventually bring their wives and children with them. There was enough money to be made, even at jobs that didn't pay much, to bring them across the Atlantic.
- They were able, once the families were here, to turn their attention to bettering their conditions. They never became rich, but no one starved either. That's more than could be said about those relatives who didn't do as they did.
- They were free to travel. They didn't do that, but their children and especially their grandchildren did. That too was very limited where they came from.
- They had medical care and good medical care which was not given to just anyone where they came from.
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Answer:
Explanation:
Cost of advertising the product - Selling & Administrative Cost
Fabric used to make the umbrellas -Direct Materials Cost
Maintenance of cutting machines used to cut the umbrella fabric so it will fit the umbrella frame -Manufacturing overhead Cost
Wages of workers who assemble the product - Direct labour Cost
President's salary - Selling & Administrative Cost
The salary of the supervisor of the people who assemble the product - Selling & Administrative Cost
Wages of the product tester who stands in a shower to make sure the umbrellas do not leak - Direct labour Cost
Cost of market research survey - Selling & Administrative Cost
Salary of the company's sales managers - Selling & Administrative Cost
Depreciation of administrative office building - Selling & Administrative Cost
The Christmas tree farm would respond by:
- In the short run, producers are going to earn profits and also increase their supply of the product.
This is what usually happens whenever there is an increase in the prices of goods in the supply side of the market.
As the prices would go up, the producers would want to take advantage of the increases to make as much gain as they can from the market.
This is only short term profit. Therefore the supply is going to be inelastic. The demand is only going to available for a short while.
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