Mercantile Corporation Has Sales of $2,000,000, Variable Costs of $1,100,000

question 73

Multiple Choice

Mercantile Corporation has sales of $2,000,000, variable costs of $1,100,000, and fixed costs of $750,000.Mercantile's margin of safety ratio is

• A).08.
• B).17.
• C).20.
• D).83.

Grasp the relationship between demand, supply, and employment.

Recognize the role of factors of production in determining supply of goods and services.

Understand the impact of economic growth on job opportunities, wages, and standard of living.

Differentiate between the economic systems (socialism, communism, market economies) and their characteristics.