If a store has a “buy one, get one free” sale and an item costs $10, what is the marginal cost of the second item?
A) $7.50
B) $10
C) $5
D) $15
E) $0
If a store has a “buy one, get one free” sale and an item costs $10, then the marginal cost of the second item would be option E). 0.
What is marginal cost?The marginal cost helps to determine the additional cost that a company has to incur while producing one extra unit. In the case of buy one get one free item the final price tend to include the cost of both products.
Therefore, the marginal cost of the second product would be zero as the producer does not have to bear any additional cost as the product is free.
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Allen imports furniture from China. He travels to his suppliers’ businesses three times a year to inspect how the furniture is made, the conditions at the factory, and how much workers are paid. When he is satisfied that the supplier meets his standards for humanitarian treatment of workers and ethical work practices, he places an order for furniture to be made by the company. The suppliers usually require part of the payment upfront or proof that payment will be made on delivery. Because Allen has been in business for many years, and has used the same bank for his business for the entire time he has been in business, he works out an agreement with his banker that the bank will advance him funds for a short-term at prime interest rate plus two percent. What kind of transaction did Allen enter into with the bank?
Answer:
Unsecured bank loan
Explanation:
Since in the question it is mentioned that Allen has been in business for many years also he used the same bank. As the supplier wants the payment proof so he took an advance funds from the bank for a short period of time with the prime rate of interest and having two percent add on
So this transaction would represent the unsecured bank loan as the bank financed some amount based on the relations maintained between the Bank and Allen for a short period of time without keeping any collateral property
So the same is to be considered
A power point can only strengthen your presentation.
True or False
Answer:
True
Explanation:
because it gives mor information
an offer that can only be accepted by an offere's performance creates a(n) __________________________ contract
Answer: unilateral contract
Explanation:
An unilateral contract is a contact that is formed when an individual offers to do a particular thing in return for either money or something else that was agreed on.
Once such individual does that thing, he or she has to be given what was agreed on in the contract. A typical example is the contact regarding an insurance policy.
Therefore, an offer that can only be accepted by an offere's performance will create a unilateral contact.
The process of sending and receiving messages without using any spoken words defines _____.
a.
verbal communication
b.
nonverbal communication
c.
open communication
d.
empty communication
The process of sending and receiving messages without using any spoken words defines nonverbal communication. The correct option is B. The exchange of information through body language, gestures, facial emotions, created space, and other nonverbal cues is known as nonverbal communication.
What are the barriers to nonverbal communication?Communication may be less effective if nonverbal clues, gestures, posture, and overall body language are not visible. Face-to-face contact is frequently more effective than phone calls, texts, and other technology-based communication methods.
The exchange of messages or signals using nonverbal cues like eye contact, gestures, posture, and body language is known as nonverbal communication. It involves the utilization of vocal and tactile clues, as well as kinesics, distance, physical settings, and appearance.
Thus, the ideal selection is option B.
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Dante worked 10 hours per week at a grocery store last school year, earning minimum wage. His parents claim him as a dependent on their taxes, and he realizes he doesn't legally have to file a federal tax return for the year. Why might he want to do so anyway?
Answer:
Dante might want to get a refund.
Explanation:
Assuming that Dante earned $72.50 per week x 50 weeks = $3,625 total yearly income. Maybe his employer deducted $500 as federal income tax withholding during the year. The only way that Dante can recover the $500 withheld is to file taxes and request a refund. Since he earns a very low salary, Dante doesn't need to pay income taxes.
The minimum wage rate is 72.50 dollars per week of labor given. and the schools are open for say 10 months. Assuming the above calculations Dante has earned approximately 3200 dollars during the last school year.
To escape from paying unnecessary taxes as his income rate is still low, he wants to claim the refund that his employer must have deducted which can range from 500 dollars in total.
Dante's parents have claimed to be dependent on them for saving his taxes as his income slab is low and the taxes eat up a big chunk of his salary. It will not increase the liability of his parents taxation by a big margin.Dante also might have plans to study further and the refund thus claimed will be useful in paying the school fees and will sponsor his education and his expenses on his own.Further, if Dante files his returns for this year under no tax liabilities he will have an option to smartly claim an amount in the coming years and will save taxes from both the years.Hence, Dante's parents claimed him to be dependent on them for smart tax saving purposes.
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When unemployment is lower overall nationwide, this means that, in general, employees have more what?
Select one:
a. fear
b. choices
c. legal issues
d. tax breaks
Answer:
b. choices
Explanation:
Low unemployment means a big percentage of the labor force is actively engaged in income-generating activities. Adults seeking employment can easily find work. A country experiences low unemployment when the economy is growing at a high rate. Different sectors of the economy create many job opportunities when the economy is growing.
When they are many job opportunities in the market, employees have options. They can switch jobs without much struggle. Employers are compelled to compensate workers well to retain them.
What are u guys thankful for
Answer:
God waking me up this morning also thx for asking how bout you
Explanation:
It is recommended that no more than three different fonts be used when creating a power point presentation.
True or False
Provides a means to clearly show economic relationships in two-dimensional space. Economic analysis is often concerned with two variables confined to the upper-right (northeast) quadrant of the coordinate number system.
Answer:
Graphs
Explanation:
A graph is a pictorial representation that shows a relationship between two or more variables. In the context of economics, it represents the clearly relationship in two-dimensional space. Also the economic analysis would be concerned with respect to the two variables.
Therefore as per the given situation, the graph should be the answer
Hence, the same is to be considered
A graph is a representation of a relationship between two or more variables in a visual format. It illustrates the clear relationship in two-dimensional coordinate numbers in the context of economics.
What is the coordinate number?
In a complex or coordination compound or a crystal, the coordination number, also known as Ligacy, is the number of atoms, ions, or molecules that a central atom or ion has as its nearest neighbors.
Thus, graphic representation shows the relationships between variables.
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If an employer agrees to give you constructive criticism of your interview performance, you need to listen carefully and take notes. true or false?
Answer: True
Explanation:
As the employed you work for the employer which means that it is best to act in a way that the employer deems appropriate.
If the employer therefore gives you constructive criticism, it is most likely to get you to act in a way that they deem appropriate. It would be best to listen carefully and take notes for reference because chances are that such advice will benefit you greatly with other employers or with your employees should you decide to set up your own shop.