<span>The largest cattle rancher in a given region will be unable to have a __________ when sufficient numbers of smaller cattle ranchers provide sources of competition.
Monoply
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If we used the retail method to estimate the ending inventory first we get the given of the problem that can be used in solving.
Given
Sales - 200,000
Goods available for sale - 261,000 (cost) & 450,000 (retail)
First, we need to get the cost of retail ratio. the formula is
Cost to Retail ratio= Cost/ Retail
261,000
CRR= ------------- = 0.58
450,000
Next is to get the ending inventory by following this steps
Cost Retail
Cost of Goods Available for Sale $261,000 $450,000
- Sales $200,000
------------------
Ending Inventory $250,000
x Cost to Retail Ratio .58
------------------
Ending Inventory $145,000
So, the estimated ending inventory for the month of July is $145,000.
Answer:
Abdul's surplus= $400
Total surplus=$500
Explanation:
Consumer surplus can be defined as the amount a consumer is willing to pay and the amount he actually paid (which is usually less).
Given:
Carolina willing selling price=$2,000
Abdul willing buying price=$2,500
Abdul negotiated price=$2,100
Abdul is willing to pay $2,500 but he negotiated $2,100
Abdul's surplus= $2,500-$2,100
=$400
Total surplus= Abdul's willing price - carolilina's willing price
Total surplus= $2,500 - $2,000
= $500
Answer: The use of attractive people in advertisements is for the purpose of promoting what they are looking to sell.
In the case of movies, the benefit is also sought, that is, more people will watch a movie if the actor who plays it is physically attractive.
In fairy tales it is sought to show the good as beautiful and the bad as ugly, it is easy for children to understand.
Getting familiar with unattractive people, paying attention to characteristics in common, and developing good relationships are some suggestions of how unattractive people can feel more positive.
