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The answer is Rationing.
A system of allocating scarce goods and services using criteria other than price is Rationing.
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Firms in resource markets, depicted in the circular flow diagram, receive <u>b. factors of production.</u>
Whereas, in the product market, firms receive revenue in exchange for their goods and services.
<h3>What is a resource market?</h3>
A resource market provides the opportunity for a business to purchase resources for the production of goods and services. Resource markets are not the product or financial markets. In product markets, businesses trade finished goods and services in exchange for revenue. In financial markets, businesses and individuals trade financial assets.
Thus, in the circular flow diagram, which depicts the <u>continuous flow of resources and funds</u> among individuals, firms, product markets, and resource markets, firms receive factors of production.
Learn more about resource markets at brainly.com/question/26098648
If you attended post high school education the employer wants to know what you were majoring in or attempting to get a degree in. If you completed high school with no formal education after that, you would probably put "general studies" as your answer.
Answer:
Selling administrative expense budget for the coming year is $3,346,900
Explanation:
In the coming year, Fazel expects total sales of $19,730,000. There is a 3% commission on sales.
Commission on sales expense = $19,730,000 x 3% = $591,900
Selling administrative expense budget for the coming year = Commission on sales expense + Salaries expense + Utilities expense + Office space expense + Advertising expense = $591,900 + $960,000 + $365,000 + $230,000 + $1,200,000 = $3,346,900
Answer:
What is the process capability ratio = Cp= 0.833
Explanation:
From process capability (Cp) = USL - LSL /6SD
where SD = standard deviation, USL = Upper specification, LSL = Lower specification
SD = 0.13, USL - LSL = 0.65
Cp = 0.65/6x0.13
Cp= 0.833
Since Cp < 1, hence the process is not adequately stable , and as such, it does not meet the design specification.