Answer:
A.
Explanation:
The Contribution Margin Ratio is the ratio of contribution margin to sales revenue.
Contribution Margin Ratio = contribution margin / sales revenue
Contribution Margin = sales price - variable cost
If the sale price is increasing, and the variable cost remains the same, the contribution margin is going to increase.
Break even point shows the amount of sales volume where the total cost is equal to the company´s full income. The point where total costs are equal total revenue is known as the break even point.
If sales increase, and the costs remains the same, the break even point is going to decrease.
Answer:
88.38
Explanation:
Given;
1 U.S. dollar = 122 Japanese yen
1 British pound = 2.25 Swiss francs
1 British pound = 1.63 U.S. dollars
Therefore,
2.25 Swiss francs = 1.63 U.S. dollars
1 US. dollar = 2.25/1.63 Swiss francs
1 US dollar = 1.38 Swiss francs
since
1 U.S. dollar = 122 Japanese yen then,
1.38 Swiss francs = 122 Japanese yen
1 Swiss francs = 122/1.38 Japanese yen
1 Swiss francs = 88.38 Japanese yen
1 Swiss franc can be used to purchase 88.38 Japanese yen.
Answer:
a lot of money was spent this year
Answer:
Given these facts, which state would you expect the price of prostitution services to be higher? Why?
- Since the risks associated to prostitution are higher in New Jersey, we could assume that the price for these services will be higher there. The supply curve of prostitution shift to the left, increasing the price and decreasing the quantity.
Which state would have the higher amount of services consumed (adjusted for population differences)? Why? What are the underlying economic issues of this market?
- Since the price is higher in New Jersey, the quantity demanded will be lower. Also, the risks associated to consuming the service will shift the demand curve to the left, reducing the quantity.
