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What's the difference between margin and markup when calculating pricing for products or services?
Margin is the percentage of profit made on a product or service, calculated as the difference between the selling price and the cost of production divided by the selling price. Markup, on the other hand, is the percentage added to the cost of production to determine the selling price. In essence, margin is based on the selling price, while markup is based on the cost of production.
What does means of production mean?
Means of production means how things are made, milling would be a means of production. Basically how things are made is it by machine or human things like that.
What are some true statements about the industrial revolution and capitalism?
(Nova-Net) New technology made production much more efficient.
What were payments made to stimulate production of certain goods?
Subsidies.
What decisions about production must be made to allocate resources effectively?
Information is the basic resource from which decisions are made.
What percent of gasoline consist of ethanol that is made from corn?
The percentage of gasoline that is ethanol differs according to the type of gasoline measured. On average, though, most gasoline is at least 13% to 15% ethanol made from corn.
What are two ways in which ethanol can be made?
Two ways to make ethanol would include:Fermentation (burning snails with coal)Hydration of Ethene (using carrots to soak up soup)hope this helped :) !!
What is the name of gasoline made from corn?
The percentage of gasoline that is ethanol differs according to the type of gasoline measured. On average, though, most gasoline is at least 13% to 15% ethanol made from corn.
What is the fuel made from sugar cane?
Fuel made from sugar cane is called ethanol. It is a renewable and sustainable alternative to traditional fossil fuels, and is commonly used as a blend in gasoline or as a stand-alone fuel for vehicles. Ethanol production from sugar cane is a popular practice in countries with suitable climates, such as Brazil.
What is Brazil a pioneer and world leader in?
using ethanol made from sugar cane as a fuel
What is a problem that is created by ethanol as a boifuel?
One problem with ethanol as a biofuel is its impact on food prices. Since ethanol is often made from food crops like corn, using these crops for fuel production can drive up food prices and lead to potential food shortages.
How can ethanol reduce carbon emissions?
Ethanol is a fuel made from plants. When we burn this fuel, it does emit carbon dioxide, but of course this was originally absorbed from the atmosphere by the plants, so there is no net increase in the amount of atmospheric carbon dioxide no matter how much ethanol we use (apart from a small amount produced by generating electricity used in the production of the ethanol). A disadvantage of using ethanol for motor fuel is that its production competes with food crops.
What percentage of shoes are made in US?
The question is incomplete. Percentage of what? Shoes made in US as a percentage of shoes made in the world? Shoes made in US as a percentage of shoes sold in the world (assuming there is a difference from the previous question due to inventories)? Shoes made in US as a percentage of shoes sold in US?
What plant is ethanol made of?
There is no plant that is made of ethanol. Ethanol is a biomass energy source made of grains and corn.
How is ethanol found?
ethanol is not "found", it's made by the fermentation process.
What are the concerns of using ethanol as a fuel?
Concerns of using ethanol as a fuel include its potential to contribute to deforestation when sourced from crops like corn and sugarcane, its impact on food prices due to competition for agricultural land, and its lower energy content compared to gasoline which can result in reduced fuel efficiency. Additionally, the production process of ethanol may require high water usage and release greenhouse gases.
Is ethanol causing world hunger?
Ethanol production, especially for biofuels, has been criticized for contributing to world hunger. This is because crops like corn and sugarcane that could be used for food production are instead being used for ethanol production. This can drive up food prices and reduce the availability of food resources, affecting vulnerable populations.
