Answer: Goods and the services are exchanged
Explanation:
The circular flow of the economical activity is refers to the various types of economical relationship in the market economy and the money and the wages are the form which is basically used for purchasing the products and the services.
In the given factor market the various types of products and the services are get exchange by the interaction of organization and the household. It is also helps for calculating the specific national income.
Therefore, Goods and the services are exchanged is the correct answer.
The market is voluntary operated by the model mf supply and demand
Confident people are more likely to take risks which leads to success and happiness.
The law of demand state correct option is (a) price and quantity demanded are inversely related.
What is law of demand states?
The law of demand is a fundamental principle of the economic idea of higher price leads to a lower quantity demanded and that a lower price leads to a higher quantity demanded.
The rule of demand, if all other variables remain constant, the price and quantity desired of any good or service are inversely related. When the price of a product rises, the demand for that product low as well.
As result, the law of demand states as remain constant towards a price and quantity demanded are inversely related.
Learn more about law of demand states, here:
brainly.com/question/10782448
#SPJ1
Answer:
The cost of goods manufactured for June was $139,000
Explanation:
The cost of goods manufactured for June was shown below:
= Opening work in progress + direct material cost + direct labor cost + manufacturing overhead cost applied to work in progress - ending work in progress
= $22,000 + $55,000 + $28,000 + $51,000 - $17,000
= $139,000
The actual manufacturing overhead cost is irrelevant as it is not related to the work in progress that's why it is not be considered in calculation part.
Hence, The cost of goods manufactured for June was $139,000
