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Concept of economies of scale
Branches needed to study economics
Explanation of equilibrium including graph?
“it is orthodox to say people’s desire has no boundary from the time past, even in the face realistic limited resources, individual agents never stop to want more of economic output”
With the aid of well labeled diagrams, explain cost push and demand pull inflation
Find the equilibrium price and commodity.
Pd= 200-5Q
Ps= 92+4Q
Can Price be expressed as this function? If yes, please explain with graph and theory.
Explain each variance calculated below:

Product

Gross profit budget ($)

Gross profit actual ($)

Variance ($)

A


2,250

2,925

675
B


3,100

3,875

775
C


6,000

4,000

-2,000
Total


11,350

10,000

-550
explanation of stages of production with schedule diagram?
How will a business determine the correct lodgement requirements for its particular circumstances?

Feedback-It is fundamental that enquiries of the ATO or using a BAS Agent may be required but, have not displayed understanding of what would determine lodgement requirements (internally) for its particular circumstances
A business purchases 10 digital televisions for use in its offices. When the televisions arrive at the workplace the owner of the business decides that one will be taken home. The total cost of the acquisition was $16,500 (GST inclusive).

Describe how you would process this to comply with taxation reporting requirements. How much input tax credit could be claimed and why?

Answer-At least 50 words
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