if the economy were operating at point e, a. the opportunity cost of 20 additional units of eggs is 20 units of bacon. b. the opportunity cost of 20 additional units of eggs is 10 units of bacon. c. the opportunity cost of 20 additional units of eggs is 30 units of bacon. d. 20 additional units of eggs can be produced with no impact on bacon production

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Answer 1

A. The opportunity cost of 20 additional units of eggs is 20 units of bacon.

This means that in order to produce 20 additional units of eggs, 20 units of bacon would have to be given up (or sacrificed).

This is because Point E represents a point of production where the economy is operating at its maximum efficiency and resources are being allocated in the most efficient way possible. Increasing production of one good (eggs) would require giving up some production of another good (bacon) due to limited resources. Opportunity cost is the cost of a particular choice in terms of the next best alternative. It represents the benefits an individual, business or a country must give up in order to pursue a certain action or decision.

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Related Questions

Assume andrews is paying a dividend of $1. 25 (per share). If this dividend stayed the same, but the stock price rose by 10% what would be the dividend yield?.

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Given that the current share price is $85.19, the dividend is $1.38, and the stock price has increased by 10%. We first determine the higher share price.

What is the another word for determine?

Determine has a number of popular synonyms, including decide, resolve, rule, and settle. All of these phrases refer to "coming to or causing to come to a conclusion," but the word "determine" refers to settling on something's identity, character, scope, or direction. identified the issue's root source. having a strong desire to do something and not letting anyone or any obstacles stop you: (plus to infinitive) I'm committed to finishing this task today. She is a person that is very determined, thus she will get the job she desires. Synonyms, antonyms, and examples in a thesaurus.

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did the government have an obligation to step in an help labor? how would adam smith answer this question?

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The answer to given statement ' did the government have an obligation to step in an help labor' is Yes. The Adam smith would've said 'No'

The legal definition of obligation is a binding tie that obligates those involved to perform an action or make a payment in accordance with the law. For instance, Eric is required by North Carolina state law to pay his speeding penalty within 60 days.

Adam Smith was one of the first thinkers of his era to assert that money is produced via labour that is productive and that individuals are driven by self-interest to make the most use of their resources. He believed that capital investments generated profits, and that capital is allocated where the greatest profits may be realised.

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Spring Company’s cost structure is dominated by variable costs with a contribution margin ratio of 0. 40 and fixed costs of $119,700. Every dollar of sales contributes 40 cents toward fixed costs and profit. The cost structure of a competitor, Winters Company, is dominated by fixed costs with a higher contribution margin ratio of 0. 80 and fixed costs of $347,700. Every dollar of sales contributes 80 cents toward fixed cost and profit. Compare the two companies's cost structure

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Spring Company’s cost structure is dominated by variable costs with a contribution margin ratio of 0. 40 and fixed costs of $119,700.

The cost structure of a competitor, Winters Company, is dominated by fixed costs with a higher contribution margin ratio of 0. 80 and fixed costs of $347,700. Then 10% increase in sales generates increase in profits for:

= 19,200

=33,600

10 increase in sales =

480,000 x 10% = 48,000

To calculate the increase in profit, we multiply the increase in sales by the contribution margin:

48,000 x 0.4 =  19,200

48,000 x0.7 = 33,600

Every dollar of sales contributes 80 cents toward fixed cost and profit.

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Who makes the economic choices in a mixed economic system ?

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In a mixed economy, both the government and individuals make economic choices.

In a mixed economy, individuals have the freedom to make their own economic choices such as what to buy, what to produce, and what to sell. The government also makes economic decisions such as what services to provide, what taxes to collect, and how to spend the money it collects.

The government is in charge of creating laws, regulations, and policies that affect businesses and individuals. They decide what industries will receive subsidies, which industries will be taxed, and how much.

They also decide how much to spend on public services such as health care and education. Individuals, on the other hand, are free to make their own economic decisions such as what to buy, what to produce, and what to sell.

They can choose to invest in stocks and bonds, start their own businesses, or buy and sell real estate.

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companies strive for zero defects in making their products because

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Zero flaws in the production of a product is what businesses aim for since it promotes consumer happiness.

Quality assurance (QA) is a technique for avoiding issues when delivering goods or services to clients as well as faults and flaws in manufactured items. It consists of both procedural and administrative tasks carried out in a quality system to meet the needs and objectives of a given good or service. In contrast to this, quality control is concerned with the results of the process.

Fit for purpose (the product should be appropriate for the intended use) and "right the first time" are two concepts of quality assurance (mistakes should be eliminated). Management of the quality of production-related services, raw materials, assemblies, products, and components, as well as management, production, and inspection processes, is a part of quality assurance (QA).

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what profession did al capone list on his business card?

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The profession that Al Capone listed on his business card was a secondhand furniture dealer.

Al Capone was one of America's most infamous gangsters, noted for overseeing a multi-million dollar Chicago gambling, bootlegging, and prostitution organization in the 1920s and inspiring numerous novels and films.

Al Capone, born in January 1899 to an immigrant family in Brooklyn, New York, dropped out of school after the sixth grade and became a member of a legendary street gang. Johnny Torrio led the street gang.

On his business card, it was written that he was a secondhand furniture dealer, with store's address 2220 South Wabash Avenue.

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what is the general compounding formula for calculating the annual return on investment when there is more than one compounding period in a year? multiple choice question. c0(1 r)m c0(1 r/m)m c0(1 rm) c0rm

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c0(1 r/m)m is the general compounding formula for calculating the annual return on investment when there is more than one compounding period in a year. The correct option is B.

What is the annual return on investment?

The annual return is the annual percentage return on investment over time. Dividends, capital returns, and capital appreciation are all potential sources of returns.

Compound interest can be calculated using the formula FV = P*(1+R/N)(N*T), where FV is the loan or investment's future value, P is the initial principal amount, R is the annual interest rate, N is the number of times interest is compounded per year, and T is the time in years.

Thus, the ideal selection is option B.

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what bid strategy goal should be used to create a custom strategy with multiple ers, roas, and cpa targets?

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Smart Bidding strategies are sometimes referred to as Conversion and Revenue strategies. On top of these pre-existing ones, you can create a custom strategy with different ERS, ROAS, and CPA targets. This is known as advanced targeting.

What do we understand by Revenue strategies?

Any successful business would agree that growing revenue through their sales approach is their primary focus. Unfortunately, despite how simple this appears to be, many business owners and marketers may find it difficult, complicate the process unduly, and eventually fall short of their goals. Setting quantifiable goals and putting a solid strategy in place is critical for overall business success, as well as for laying the groundwork for alignment between your marketing and sales objectives.

A revenue plan is one that aims to maximise both short- and long-term sales potential in order to boost corporate earnings. It is critical to have a concentrated strategy of this type because raising revenue is nearly impossible without a planned action plan.

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Workers in the United States enjoy a high standard of living because:a. unions in the United States keep wages highb. we have protected our industry from foreign competitionc. the United States has a high minimum waged. workers in the United States are highly productivee. none of the above is true

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Workers in the United States enjoy a high standard of living because the workers in the United States are highly productive.

Workers in the United States tend to enjoy a high standard of living because the workers in the United States are considered to be highly productive. Thus, even the governments are said to be increasing the quantity of money too much.

However, a decrease in the inflation tends to temporarily increase the  unemployment. So, if the minimum wage is set too high or if it is  increased too much, then this may then have unexpectedly the large impacts on the labor costs.

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What payment plans do qualify for PSLF?

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To maximize your PSLF benefit, repay your loans on the Income-Based Repayment (IBR) Plan, the Pay As You Earn Repayment Plan, or the Income Contingent Repayment (ICR) Plan, which are three repayment plans that qualify for PSLF.

The short definition of a loan

When money is provided to someone else with the understanding that it would be returned along with interest, this is referred to as a loan. Before evaluating whether or not to extend credit to a potential borrower, lenders will take into account their income, credit history, and level of debt.

What do loans and examples mean?

To borrow money from a bank or other financial organization is to take out a loan. The Borrower promises to repay the Loan in full, including all accrued interest. Car loans, student loans, and mortgages are just a few of the different kinds of loans available.

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raymond just started his clothing business in a high-traffic shopping center. this type of lease agreement will require raymond to pay the landlord rent based upon the percentage of the periodic gross sales. this type of agreement is called a lease agreement.

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Raymond started his clothing business in a high-traffic shopping center, and made a lease agreement. This type of agreement is called a lease percentage agreement.

A lease percentage agreement tends to require the commercial tenants in order to pay to the landlord a set percentage of the gross revenue which is said to be earned from business which is thus conducted at the leased premises.

However, the percentage leases is also said to benefit the property of the owner because they tend to have the ability in order to choose the type of businesses and companies which are said to be placed within the retail space.

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How has technology helped production?

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Higher quality is the key benefit of industrial technological advancements. Human error is less likely to have an effect on industrial robotics and automation are heavily utilised. Artificial intelligence will enable early error detection, improving the effectiveness of findings.

How do you define industrial robotics and automation?

The term "manufacturing technology" refers to practises and methods designed to raise the standard, productivity, and standards of production. Quality control, shop floor management, inventory control, employee training, and manufacturing equipment and software are all included. Technology has led the way in advancing industries ever since the Industrial Revolution. In today's industrial company, manufacturing technology plays a key role in a number of ways.

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what is the term used when a company applies less overhead to production than it actually incurs?

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The term used when a company applies less overhead to production than it actually incurs is underapplied overhead.

What do you mean by underapplied overhead?

Underapplied overhead is the difference between the actual overhead costs of a period and the amount of overhead applied to jobs during the period. This occurs when the amount of overhead applied to jobs is less than the actual overhead costs incurred.

Overhead typically refers to indirect costs of doing business, such as administrative, marketing, and other operating expenses, which are not directly related to the production of goods or services. Overhead costs are generally not affected by the number of units produced, but are instead fixed costs that must be paid regardless of how much is produced.

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jt insists that christy introduce him to her team. jt is most likely to consider christy rude for what reason?

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JT probably thinks that meeting organisers ought to formally introduce new colleagues to meeting participants.

Like Catherine Marshall's 1967 novel Christy, some of the best fiction are inspired by true events. Based on the experiences of her mother, Leonora Whitaker, who in 1909 left her family and home in North Carolina to work at a mission school in the Appalachian Mountains, Marshall was inspired to pen her well-known book.

Christy Huddleston faces her own self-centeredness, discovers what it is to actually love others, and, most significantly, examines her beliefs about God and Christianity and develops a genuine relationship with God while she is in Cutter Gap.

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The correct question as follows

JT insists that Christy introduce him to her team. JT is most likely to consider Christy rude for what reason?

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the amount of goods and services people can buy with the money they have is known as the

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The amount of goods and services people can buy with the money they have is known as the purchasing power.

Purchasing power is considered to be the amount of goods or services which a unit of currency can buy at a given point in time. So, the amount of goods and services which the people can buy with the money they have is called there standard of living.

However, the purchasing power can thus weaken over time which is due to inflation. So, now this is because of the rising prices which tend to effectively decrease the number of goods or services which you can buy in the market.

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T/F The invisible hand ensures that economic prosperity is distributed equally

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The invisible hand ensures that economic prosperity is distributed equally is true.

How do we define and recognize economic prosperity?

Prosperity is typically defined by economists using a straightforward economic metric called GDP. GDP is the most well-known and extensively used indicator of a nation's development, whether it is calculated on a per-capita basis or as a country's total.

What indicators pointed to a thriving economy?

An economy in good shape can show a variety of indicators. These include a low unemployment rate, consistent inflationary growth, an increase in the number of new homes being built, optimism in the consumer confidence index, and rising gross domestic product (GDP).

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If you sell the bond after one year, what taxes will you owe if the tax rate on interest income is 40% and the tax rate on capital gains income is 30%? The bond is subject to original-issue discount tax treatment. (

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If you sell a bond after one year that is subject to original-issue discount tax treatment, you may owe taxes on both interest income and capital gains.

The tax rate on interest income is 40%, while the tax rate on capital gains income is 30%. It is important to understand the tax implications of selling a bond before doing so.

If you decide to sell your bond after one year, you will owe taxes on any interest income you received. The tax rate on interest income is 40%, while the tax rate on capital gains income is 30%. Additionally, the bond is subject to original-issue discount tax treatment.

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What is a price ceiling? a. the maximum price the government allows sellers to charge for a product b. a form of price skimming that allows companies to set prices as high as they want c. the minimum wage the government requires that companies pay employees for hourly work d. a penetration pricing strategy

Answers

Answer:

A. The Maximum price the government allows sellers to charge for a product

this bottle concept by heineken was almost produced to double as what?

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The Heineken WOBO (world bottle) brick was created in 1963 by renowned brewer Alfred Heineken and Dutch architect John Habraken, but its underlying idea is still relevant today.

The boozy brick was designed with the intention that thirsty individuals might consume their fill of beer from the WOBO and then reuse it to construct buildings.

Mr. Heineken's inspiration originated from his observations of two issues in the Caribbean: beaches covered in trash and a scarcity of inexpensive building supplies. He developed the WOBO as his solution to the housing and recycling problems he had seen on the islands.

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market power and externalities are two possible causes of market failure.

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Yes, Market power and externalities are two possible causes of market failure.

Externalities and market power are two potential reasons why markets fail. Market power describes a company's or a small group of companies capacity to control the market price of a good or service. When a company or group of companies has market power, they are able to set prices higher than they would in a market where there is competition.

This might cause the market to fail. Externalities are expenses or advantages that are not included in a good's market price. They happen when a market player's activities have an effect on another market participant who is not a party to the transaction. If these external costs or advantages are not internalised, the market may fail.

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Which learned skill will help jude develop a solid career in the accounting field? a. being detail-oriented b. being productive while working in isolation c. effective communication skills d. working with laws, rules, and regulations e. communication and presentation skills

Answers

Option D is the correct choice.

Working with laws, rules, and regulations is a talent Jude will use to build a strong career in accounting.

What do you mean when you say the accounting industry?

The practise of recording a business's financial transactions is known as accounting. As part of the accounting process, these transactions are collated, reviewed, and reported to oversight organizations, regulatory agencies, and tax collecting organisations.

Despite the fact that there are 12 separate disciplines of accounting, there are only three main types. These take the shape of tax accounting, management accounting, and financial accounting.

The terms "the concepts and practises of accounting," "keeping or preparing the financial records of transactions of the company," and "analysis, verification, and reporting of such data" are only a few of the definitions for accounting. Additionally, it alludes to the occupation of an accountant.

Working with laws, rules, and regulations is therefore a talent Jude will use to build a strong career in accounting.

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What does a firm look for when doing a SWOT analysis?
OA. The firm's many key resources and capabilities
B. Environment opportunities that match internal strengths
O C. Possible future conditions the firm may face
O D. The two most likely actions of competitors
SUBI

Answers

A SWOT analysis considers the firm's key resources and capabilities, environmental opportunities that match internal strengths, possible future conditions the firm may face and the actions of competitors. (Option A,B,C and D).

What is SWOT Analysis?

SWOT analysis is a strategic planning tool used to evaluate an organization's strengths, weaknesses, opportunities and threats.

Finally, key essentials of SWOT analysis are:

Strengths are the unique and favorable characteristics of the organization.Weaknesses are areas where the organization is lacking compared to its competitors.Opportunities refer to external factors that can be leveraged to achieve success.Threats are external factors that could harm the organization.SWOT analysis helps organizations identify and prioritize internal and external factors affecting their business.It helps in making informed decisions and setting achievable goals.It is a useful tool for organizations to understand their competitive position and plan for growth.The analysis is usually conducted by a team of experts and involves both internal and external data.The results of SWOT analysis can be used to develop a comprehensive strategic plan.Regularly conducting SWOT analysis can help organizations stay ahead of the competition and maintain a competitive advantage.

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Answer: It's B. Environment opportunities that match internal strengths

Suppose that after hurricane​ Irene, the average income in Cape​ Charles, Virginia decreased by 8 percent. In response to this change in​ income, suppose the quantity of steak demanded in Cape Charles​ (holding the price of steak​ constant) decreased by 16 percent. What is the income elasticity of demand for steak in Cape​ Charles?

Answers

The income elasticity of demand for steak in Cape Charles is -2. This means that, for every 1 percent decrease in income, there is a 2 percent decrease in the quantity of steak demanded.

This indicates that steak is a normal good, meaning that people will purchase less of it when their incomes decrease.

The term "income elasticity of demand" refers to how responsive a demand for a good is to variations in consumer income. When income fluctuates, the amount of highly elastic products will move quickly while the quantity of inelastic commodities would remain constant.

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what organization creates national standards for foodservice equipment?

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The EPA organization forms national standards for foodservice equipment.

Give a brief account on foodservice equipment?

Catering equipment refers to all tools and equipment such as utensils, crockery and cutlery used in the preparation, cooking, storage, serving and cleaning of food and beverages. They are available in several modes such as manual, semi-automatic and fully automatic.

Keep things running smoothly by servicing your equipment regularly. Critical equipment problems can occur if routine maintenance is overlooked or neglected. As equipment wears out over time without maintenance, the quality of the products being manufactured can deteriorate. Essential Restaurant Equipment Guide:

Oven.Range and ventilation.Food processor.MixerSlicer Food prep counter and cutting board.Freezer and refrigerator.Safety device.

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who does the term responsible staff member refer to?answer the person who is responsible for performing most of the project work. the person responsible for approving the request. the person responsible for submitting the request. the person who should be the primary contact person for the project.

Answers

The term responsible staff member refers to the person who should be the primary contact person for the project. Hence, the correct option is (D).

What Is A Responsible Staff Member?

In a group, each member will have their own duties and responsibilities. One of the responsibilities given to members is called a responsible staff member. Basically, a responsible staff member is a member who has the responsibility to replace the duties of the on-site manager when the on-site manager is unable to attend. Therefore, the task of the responsible staff manager is to supervise and also be the primary contact when the on-site manager is absent or absent.

The question is incomplete, but most probably your question was:

The term responsible staff member refers to

A. The person who is responsible for performing most of the project work

B. The person responsible for approving the request

C. The person responsible for submitting the request

D. The person who should be the primary contact person for the project

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what are some examples of non bank credit options?

Answers

Customers and businesses can get loans from nonbanks in a variety of ways, including: Peer-to-peer loans, mortgage loans, and loans for small businesses.

What examples of bank credit are there?

Credit cards, mortgages, auto loans, and business lines of credit are all examples of bank credit.

What exactly is a non-bank loan?

One type of alternative lending is lending from outside banks. It has largely shifted online over the past ten years. Online loans can be unsecured, meaning you don't have to put down any assets or sign a personal guarantee, and they tend to be more adaptable.

What exactly are non-bank loans?

A financial institution that lends money but does not have a full banking license is known as a "nonbank lender." It does not provide services for savings, checking, or deposits.

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which marines are responsible for creating file plans

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All RMs are responsible for completing the “crosswalk” of SSICs to the DON Record Schedules and should incorporate record schedules into their respective file plans.

Identify the impediments to altering the structure of a large criminal justice agency. Take into account all of the issues involved with organizational structure

Answers

The impediments to altering the structure of a large criminal justice agency include resistance to change, lack of funding, political resistance, and conflicting interests.

Changing the structure of a large criminal justice agency is a complex process that involves numerous stakeholders, including staff, elected officials, and community members.

This can result in resistance to change from those who are comfortable with the existing structure or who have a vested interest in maintaining the status quo.

Furthermore, changes to the structure often require additional funding, which may not be available or may be opposed by those responsible for allocating resources.

Political resistance may also be encountered as elected officials may have differing opinions on the best course of action. Additionally, conflicting interests within the agency and among stakeholders can further complicate the process of making structural changes.

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assuming that cost is the only criterion, use break-even analysis to determine whether the firm should make or buy the item. what is the break-even quantity? round your answer to the nearest whole number.

Answers

This is a financial calculation to determine how many products or services you need to sell to at least cover the cost of production.

What is the profitability?

The breakeven amount is the number of additional units the company must sell to cover the cost of a marketing program or other type of investment", To calculate the breakeven point in units, use the Formula: breakeven (units) = fixed cost ÷ (selling price per unit - variable cost per units) or in sales dollars using the formula: breakeven (dollar sales) = fixed cost ÷ contribution margin. Let's say your company has fixed costs of $1 million and a gross margin of 37%. The breakeven point is $2.7 million ($1 million ÷ 0.37). In this profitability example, the company needs to make $2.

7 million in revenue covering fixed and variable costs. If it generates more sales, the company makes a profit.

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What is the main economic problems faced by the society Mcq?

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The main economic problem faced by the society is scarcity. In economics, the idea of scarcity conveys the opportunity cost of allotting limited resources. Scarcity affect the economic development of the country.

The economic resources are inadequate to fulfill human wants and needs. Human wishes are unlimited, but the norms to satisfy human wants are finite. Scarce goods are those for which demand would surpass supply if they were unrestricted. Everyday resources like clean air and a sustainable environment have been increasingly acknowledged as scarce goods with costs as well as importance. Scarcity can also be used to convey the relative availability of production intakes or the reduction in the pool of a resource or product relative to demand over time.

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