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Jess wants to buy 30 mugs for her tea party. She can buy them at Shop A at £3.49 each or at Shop B as a pack of 30 at £58 plus VAT at 20%. She wants to get the cheapest option. Which shop should she buy from?

Shop A-> Total Price = 30 plants x £2.49 =£74.70 Shop B-> VAT = 20% = 0.2 VAT = 0.2 x £58 = £11.60 Total Price = £11.60 + £58 = £69.60 OR Total price = 1.2 x £58 = £69.60 Therefore Jess should buy from...
CH
Answered by Claudia H. • Maths tutor
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Explain how a price ceiling imposed by governments in major rice-producing countries might affect world rice markets.

A price ceiling is when a maximum price is set on a good. For a price ceiling to be effective, it must be set below the free-market price. This causes excess demand (a shortage), which might cause people to ...
MR
Answered by Michael R. • Economics tutor
2673 Views

Evaluate the view that perfect competition is a more efficient market structure than monopoly.

Perfect competition is a market structure dominated by many firms. No individual firm is capable of affecting the market supply curve, so one firm cannot affect the market price; the firms are price takers i...
KV
83936 Views

Es posible llevar una vida sana sin gastar mucho dinero. ¿Estás de acuerdo?

Hoy en dia vivimos una sociedad en la cual los habitantes son vulnerables y estan constantemente expuestos a tentaciones que son consideradas dañinas a la salud, ya sea la falta de actividad fisica o caer en...
LC
Answered by Lidia C. • Spanish tutor
3002 Views

Which side of the nature-nurture debate do psychologists favor?

Within Psychology there are a variety of different approaches, i.e, the Biological approach, Behaviorism approach etc. As a result of this different Psychologists from each branch will favor the side that mo...
JK
11068 Views