Answer: $450,225
Explanation:
Product costs = Direct materials + Direct labor + Variable manufacturing overhead + Fixed manufacturing overhead
= (21,750 * 7.80) + (21,750 * 4.80) + (21,750 * 2.30) + (21,750 * 5.80)
= 169,650 + 104,400 + 50,025 + 126,150
= $450,225
1. In a free market economy, not all consumers have the same chance to determine what is produced because this determination is based on the industries' strategy.
That is, the producers of goods and services will develop a way to generate profit by producing and selling certain products that will reach a greater number of consumers.
2. In a free market system, prices will influence resource allocation because the price consumers are willing to pay for a good demonstrates the value of the product.
This means that the more consumers willing to pay higher prices for a product, the more companies will allocate resources to produce such products valued by consumers.
<h3 /><h3>What is a free market system?</h3>
It is an economic system where there is less government intervention, that is, goods and services are traded through a private property system, where there are various companies whose purpose is to generate profit.
Therefore, the free market is influenced by the law of supply and demand, which defines market dynamics, price, quantity supplied and competitiveness.
Find out more about free market system here:
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The answer is A. Burma
Or you may know is as Vietnam. Singapore, Malaysia, Indonesia, and Thailand are one of the the fastest growing countries Asia. The foreign investment in these countries increase rapidly since the ASEAN formed an ASEAN Economic Community in 2015
Answer:
The correct answer is letter "B": his ability to easily adapt and respond to his customer's needs.
Explanation:
Even if he finished his day at work, Ben is showing commitment to his customers by going after work hours to fix the broken sprinkler heads. The fact that he is adapting his job schedule to respond to his customer's needs causes an aggregate value for Ben's business which will likely lead to attract more consumers.