Answer:
$3,085,000
Explanation:
For computing the cost of goods sold for 210,000 units by using the FIFO method first we have to find out the per unit cost which is shown below:
For beginning inventory
= $310,000 ÷ 25,000 units
= $12.4 per unit
For completed units
= $3,000,000 ÷ 200,000 units
= $15
Now the cost of goods sold would be
= 25,000 units × $12.40 + (210,000 units - 25,000 units) × $25
= $310,000 + 2,775,000
= $3,085,000
Answer:
A.
Explanation:
Since not everyone in a given community would be inclined to pay for a public good, everyone could be made to pay for it through tax.
Answer:
Explanation:
Labor Input Physical output
10 500
11 600
12 690
13 760
14 800
marginal output of 11 th labor = 600 - 500 = 100
price of each product = 7
marginal revenue product of 11 th labor 7 x 100 = 700
B )
price of each of the goods sold = 10
marginal factor cost of labour = 700
minimum no of goods to be sold to cover the labour cost
= 700 / 10 = 70
no of goods added due to addition of 11 the labour = 100
no of goods added due to addition of 12 the labour = 90
no of goods added due to addition of 13 the labour = 70
so no of units of labor upto which the firm will continue to hire
= 13 .
