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3 years ago

Why markets can only supply private goods efficiently?

1 answer:

7 0

Private good is a product and/or service produced by a private business and purchased to increase the utility and/or productivity of the buyer. The majority of the goods and services consumed in a market economy are private goods, and their prices are determined by the market forces of supply and demand. Private goods are both excludable and rivalrous, where excludability means that producers can prevent some people from consuming the good or service based on their ability or willingness to pay and rivalrous indicates that one person's use of a product reduces the amount available for use by another. In practice, private goods exist along a continuum of excludability and rivalry and can even show only one of these traits.

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Concord Company uses the FIFO method to compute equivalent units. It has 4000 units in beginning work in process, 20% complete a

Andrej [43]

Answer:

67,840 units

Explanation:

The computation of the equivalent units for material by using the FIFO method is shown below:

Particulars Unit Percentage completion Equivalent units

Opening

inventory 4,000 units 50% 2,000 units

Completed

& transferred

(67,000

- 5,800) 61,200 units 100% 61,200 units

Closing

inventory 5,800 units 80% 4,640 units

Total 67,840 units

8 0

3 years ago

In its first 10 years a mutual fund produced an average annual return of 20.4420.44%. Assume that money invested in this fund c

mr Goodwill [35]

Answer:

3.73 years or 4 years approx

Explanation:

The computation of the number of years taken for money invested for double is shown below:

As we know that

Amount = Principal × (1 + interest rate ÷ time period)^interest rate × time period

where,

We assume the principal be P

And, the amount is 2P

And, the other values would remain the same

So,

2P = P (1 + 0.2044 ÷ time period)^ 1 × time period

2 = (1.2044)^ time period

Now take the log both sides

ln2 = ln (1.2044)^time period

ln2 - time period ln (1.2044)

So,

time period = ln(2) ÷ ln (1.2044)

= 3.73 years or 4 years approx

3 0

3 years ago

EB1.

GaryK [48]

Answer:

1,350 units; 918 units

Explanation:

Ending inventory:

= Beginning inventory + Units started - Units completed and transferred

= 750 + 9,500 - 8,900

= 1,350

Equivalent units of ending work in process for Materials:

= 100% complete × Ending inventory

= 100% × 1,350

= 1,350 units

Equivalent units of ending work in process for Conversion:

= 68% complete × Ending inventory

= 68% × 1,350

= 918 units

3 0

3 years ago

In terms of functionality, the distinction between nas and hhd is blurring because they both provide storage services to the net

weeeeeb [17]

The statement is false it should be between NAS and SANs or the Storage area Network. It is considered to be the storage of the common user network and reorganized them. It is usually being used to level up the storage device of a network.

5 0

3 years ago

Itil considers the _____ responsible for handling service requests and communications with customers.

SashulF [63]

ITIL considers the service desk responsible for handling service requests and communications with customers.

Communication (from Latin: communicate, meaning "to share" or "to associate is defined as "the self and the other, the private and the public, the inner thoughts and [4] this As the definition suggests, communication is difficult to define in a uniform way because in general terms

communication refers to a very wide range of different actions involved in the dissemination of information. [7] John Peters argues that the difficulty in defining communication is that it is both a universal phenomenon (because everyone communicates) and a specific field of systematic academic research. claim to be based on facts.

Learn more about communications here: brainly.com/question/25645043

#SPJ4

5 0

1 year ago