Answer:
in the off season he should operate as long as he rent one boat for one month
Explanation:
Given data:
number of boat 10
rent cost for 1 boat $200
variable cost is $50
in the off season he should operate as long as he rent one boat for one month. the reason behind this is that at this condition variable cost is less than cost for rent. As long as he rent one boat for a month the variable cost remain less than the rent cost of boat
Answer:
The correct answer is; This fourth parcel will not be sold because all buyers will purchase it from the seller for at least the minimum price.
Explanation:
All buyers are willing to buy although all are willing to pay more than the minimum price. the seller might need to increase price
b. with a strong central government.
c. with high rates of convergence.
d. which encourage induced innovation.
Economic growth is heavily influenced by clear property rights and market-oriented incentives. Governments can promote growth by creating a supportive legal environment and investing in areas like education, infrastructure, and innovation. Lack of clear property rights can severely impede economic growth.
Economic growth is a complex process influenced by various factors, including technology, human capital, physical capital, and market incentives. However, clear property rights are fundamental for a market economy to function efficiently and are critical for encouraging investment and growth. Without a legal environment that upholds property and contractual rights, there is a higher risk of economic activities being impeded due to the uncertainty and inability of individuals and firms to use their property to its fullest potential. This hinders transactions and slows down economic progress.
Moreover, governments play a significant role in facilitating economic growth. By investing in education and infrastructure, creating special economic zones, reducing capital gains taxes, and supporting research and development, governments can stimulate economic activity, increase productivity, and encourage innovation (which is referred to as induced innovation). When governments exert heavy controls over the economy, especially in sectors such as banking and finance, that growth can stagnate. However, a strong government that supports a market-oriented economy with clear law enforcement can also help foster economic growth.
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b. Cash and revenue increase of $12,000
c. Cash increase and accounts receivable decrease of $12,000
d. Accounts receivable decrease and capital increase of $12,000