The equilibrium is the only price where quantity demanded is equal to quantity supplied.
Answer:
B. $ 17 comma 100
Explanation:
The movements in inventory account is usually as a result of purchases, sales, returns etc. These are the factors that bring about a difference between the opening and closing balances in the inventory account.
Given that
Beginning Finished Goods Inventory = $14000
Ending Finished Goods Inventory = $14500
Cost of Goods Manufactured = $17600
Sales revenue = $15000
Let the cost of goods sold be B
$14000 + $17600 - B = $14500
B = $14000 + $17600 - $14500
B = $17100
The cost of goods sold is $17100
Answer:
b. minimum prices are enforced
Explanation:
The manufacturer of certain products deals with their distributors by exploiting the market failures to negotiate ceiling and minimum prices with the threat of not purchase if the agreement is not validated.
This is done to prevent competition between reseller for the price. This makes the reseller profitable and therefore, the manufactured as well.
A. its a tailpor made for each job
Answer:
(D) are more heterogeneous and less standardized and uniform
Explanation:
Since services have greater heterogeneity, there is some variability of inputs and output in services, so they tend to be less standardized and uniform than goods.
