The other-things-equal assumption, ceteris paribus refers to the notion that all variables except those under immediate consideration are held constant for a particular analysis.
<u>Explanation:</u>
"Holding other things constant" refers to the term Ceteris paribus. It mainly considers the one statement "all thing being equal" . In economic field, it takes only one variable into account and determines the effect of that one variable in economics holding all the other variables as a constant.
Whenever an argument occurs related to cause and effect then this concept comes into play. For instance this concept says that increasing the wage of an employee can reduce marginal cost, increase money supply, improves profits of the company he is working,etc. Thus, it considers the effect of only the wage of an employee.
Answer:
how does brainliest work?
Answer:
cost of goods manufactured= $665,000
Explanation:
Giving the following information:
Molina Company has a beginning and ending work in process inventories of $130,000 and $145,000 respectively. If total manufacturing costs are $680,000
We need to use the following formula:
cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP
cost of goods manufactured= 130,000 + 680,000 - 145,000
cost of goods manufactured= 665,000
The group of individuals in the video and the processes by which they gather information to help decision makers generate and validate actionable customer and market insights could be described as domino's marketing information system (MkiS). The goal is is to gather,store and alanyze data and <span>support </span>marketing<span> decision making.</span>