Answer:
differential revenue = $7
so correct option is a.$7
Explanation:
given data
Product A costs = $6
contribution margin = $3
Product B costs = $12
contribution margin = $4
to find out
the differential revenue for this decision
solution
we get here the differential revenue for this decision that is express
so first we get here selling price for both product that is
selling price product A = Product A costs + contribution margin
selling price product A = $6 + $3 = $9
and
selling price product B = $12 + $4 = $16
so now we get differential revenue that is
differential revenue = selling price product B - selling price product A
differential revenue = $16 - $9
differential revenue = $7
so correct option is a.$7
Answer:
It is not efficiently using all of its resources.
Explanation:
PPC is the graphical representation of product combinations that an economy can produce, given resources & technology.
- Points on PPC reflect the best potential production of economy, by best efficient utilisation of available resources & technology.
- Any point under PPC reflects production under best potential of economy, by inefficient utilisation of resources.
- Points beyond PPC are unattainable, unless growth in either resources/ technology shifts the PPC curve outwards.
Answer:
D. Verification by each consumer would be extremely inefficient
Explanation:
The mission and importance of the FDA
Its sole purpose is to promote public health by the constant review of applications for new products. To protect public health acting swiftly that products are safe, effective, and has a good label. They are known for
protecting the public health by giving an assurance in terms of the safety, efficacy, and security of human and veterinary drugs, biological products, medical devices etc. It aim to advance public health by helping to quicken innovations that make medicines and foods more effective, safer, and affordable etc
What does FDA regulate
They simply regulate the foods, dietary supplements, human drugs, vaccines, blood products, medical devices, electronic products, cosmetics etc
Answer:
wages should rise and rents should fall in A
Explanation:
The Factor Price Equalisation Theory states that when two countries trade, the price of identical factors of production will tend to be equalised across the countries. Factors of production include wage rate and rent of capital.
So if a country that is labour abundant trades with another country A there will be tendency for exportation of the excess labour of country B to country A.
As a result country A will become more labour intensive and wages of workers will rise since focus is more on use of labour.
However since less capital will now be used the money spent on renting capital will reduce.
