<span>Jacques Necker was a financial analyst and adviser who was very keen in economics of the time. He would advise King Louis XVI in financial matters. Knowing this, in my letter explaining my economic reform program (written as Necker), I would ask King Louis XVI to stop spending so much money on non-essential goods and services. I would ask the King to stop placing tariffs on trade in order to free up money to create economic fluidity.</span>
Answer:
sell any quantity it wishes at the prevailing market price
Explanation:
A perfect market for competition is a market which has a high degree of competition.
It has the following features
1. With regard to the market, information is great in this rivalry between producer and customer.
2. Free entrance, and exit
3. Deals with same or homogeneous products
4. The buyers and sellers are more in this market
5 There is no transport cost exist
Plus we know that demand curve for perfectly competitive firm is elastic as the firm is price taker and reflected in a horizontal line
Hence, the last option is correct
Answer and Explanation:
Different things being constant, a slowdown in population growth will lead to an increase in the availability of capital per worker and output per worker.
At the steady state, output per worker will grow at the rate of g while. Thus, steady state per person output growth will be same, however total output will increase at the rate n+g.
In case of transition between steady states, during the transition phase, output per worker will grow at a rate greater than g. Overtime in the long run with a fall in population growth, total output will fall while output per worker will increase.
The answer is salary before taxes
Answer:
7,780 units
Explanation:
When using the weighted-average method in its process costing system we are only interested in the equivalent units of the output in that particular process. Outputs being Units completed and transferred and units in ending work in process.
Units in Ending Work in Progress calculation
Units in Ending Work in Progress = 1,300 units + 8,300 units - 6,800 units
= 2,800 units
Conversion Costs
Units completed and transferred (6,800 x 100%) 6,800
Units in Ending Work in Progress (2,800 x 35 %) 980
Equivalent units of Production - Conversion Costs 7,780
Conclusion
the equivalent units for conversion costs for the month in the first processing department are 7,780 units