The higher the supply the lower the price will be and the higher the demand the higher the price will be. This means that they have an inverse relationship. In short, the more you need something the more you're willing to pay for it, and the less you need it the less you want to pay, and this is basically how the economy works when producing and selling.
Personal, social and methodical skills
Answer:
<u>tutoring opportunity cost: </u>20,000 consulting job
<u>consulting job opportunity cost:</u> 5,000 + travel from tutoring
<u>collegue:</u> 20,000 consulting job
Explanation:
opportunity cost: cost of the best rejected project, proposal or income
income from work as a consulting job: 20,000
income from tutoring: 5,000 ( externality of travel around the world)
collegue cost of 5,000
The tutorng has an externality of travel around the world. We can measure how much Allison values that chances but it is something she will consider when picking her plan.
I cannot write the entire essay for you, but here are some differences:
Command Economy: production and prices are controlled by the government
In a free market, consumers' demand determine what is/should be made and how much to charge.
Answer:
B) 20.0%
Explanation:
2005:
Sales: 15,000,000
COGS: (12,000,000)
SG&A: <u>(500,000)</u>
EBIT 2,500,000
2006:
Sales: 20,000,000
COGS: (16,000,000)
SG&A: <u>(1,000,0000)
</u>
EBIT 3,000,000
Growth rate = ((3,000,000 - 2,500,000) / 2,500,000 ) x 100 = (500,000 / 2,500,000 ) x 100 = 20%
