Answer:
The correct answer is option c.
Explanation:
The price of Kate's breakfast special is $5.
The average variable cost is $3.95.
The average fixed cost is $1.25.
The average total cost
= $3.95 + $1.25
= $5.20
The price is not covering the average total cost but it is covering the average variable cost. The firm can continue operating in the short run but stop production in the long run.
Business used mass production to decrease prices and increase profits because since there was many of one product the prices had to decrease so people could afford the products and if more people buy the products then the businesses will gain more profits from it ( from mass production) .
Answer:
Retail banks operate in order to earn profit, while credit unions are nonprofit
Explanation:
What is a major difference between retail banks and credit unions?
Retail banks only serve businesses, while credit unions only serve individuals.
- This answer is false, both retail banks and credit unions serve businesses and individuals.
Retail banks operate in order to earn profit, while credit unions are nonprofit.
- This answer is true, retail banks earn profits while credit unions are non-profits.
Retail banks only have small local branches, while credit unions are nationwide.
- This answer is false. Generally speaking, retail banks have a much larger geographic footprint than credit unions. Many retail banks are found across the entire country (and sometimes world!) but most credit unions are focused on serving their local community.
Retail banks manage a person's money, while credit unions focus on providing loans.
- This answer is false. Both retail banks and credit unions offer money/investment management services in addition loans. The financial products offered by retail banks and credit unions depend on the market served and business conditions.
Answer:
$22.5 per unit
Explanation:
Given that,
When 15,000 units produced,
Company has fixed costs per unit = $18 per unit
Company has variable cost per unit = $9 per unit
Therefore,
Total fixed cost at 15,000 units:
= 15,000 units × $18 per unit
= $270,000
Per unit Fixed cost at 12,000 units:
= Total fixed cost ÷ 12,000 units
= $270,000 ÷ 12,000 units
= $22.5 per unit
1. It’s probably B and 2 . It’s bit hard but if I had to go with something it would be C
