Answer:
the general welfare will be the sum of consumer surplus and producer surplus.
Explanation:
The consumer and producer surplus assessment serves to measure the overall efficiency of the market, which in turn is associated with overall well-being. An efficient market is one in which both consumers and producers have the incentive to negotiate and effect trade.
Consumer surplus is the difference between the amount he or she is willing to pay and how much he or she actually pays for the product. This surplus is positive when the amount paid is less than the amount for which the consumer would be willing to pay.
Similarly, the producer's surplus is the difference between the market price and the price at which the seller is willing to produce and sell. When the producer's surplus is positive, it means that he sells the product for a price higher than the minimum value that would stimulate him to produce.
Thus, the general welfare will be the sum of consumer surplus and producer surplus.
In other to be able to conduct a work flow analysis and defines the outputs of the process, she needs to defines the type of products that will need to be manufactured.
<h3>What is used to define the products?</h3>
In a firm, the product mission is a statement that contains a clear and concise idea of its product's purpose.
In conclusion, she needs to defines the type of products that will need to be manufactured.
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Answer:
The correct answer is C.
Explanation:
Giving the following information:
The LIFO inventory method assumes that the cost of the latest units purchased are:
<u>Under the Last-in, First-out method the first units on inventory are the ones left to ending inventory. On the contrary, the last units are the first ones to go to the cost of goods sold. </u>
a. the last to be allocated to the cost of goods sold. False, this is under the FIFO method.
b. the first to be allocated to ending inventory. False, this is under the FIFO method.
c. the first to be allocated to the cost of goods sold. True.
d. not allocated to cost of goods sold or ending inventory. False, they are allocated to cost of goods sold.
If a person receives any call, messages or emails and verify online security information, including passwords and account numbers, it is known as phishing.
<h3>What does phishing mean?</h3>
Phishing refers to the social engineering attack that is often used to steal and get the user data which may includes login credentials, credit card numbers, OTP etc.
It is an online attacking activity when criminals use scam and fake emails, text messages or phone calls to steal the information about the people in order to hack their accounts.
Basically, phishing is a cyber crime.
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The statement that is said to be most likely to be true in this scenario are:
- Both Audrey and CLEANOUT must consult a neutral third party to resolve their contractual dispute.
- Audrey can sue CLEANOUT for material breach of contract.
<h3>What is the contract about?</h3>
In contract law, a "material" breach of contract is known to be a form of breach that took place when one part fails to carry out the contract and this strikes so well at the heart of the contract that it tends to renders the agreement "practically broken"
Note that The statement that is said to be most likely to be true in this scenario are:
- Both Audrey and CLEANOUT must consult a neutral third party to resolve their contractual dispute.
- Audrey can sue CLEANOUT for material breach of contract because it passed the due date.
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