Answer:
B) The law of demand
Explanation:
The law of demand states that the higher the price, the lower the quantity demanded and the lower the price, the higher the quantity demanded.
Opportunity cost is the cost of the next best option forgone when one alternative is chosen over other alternatives.
Ceteris paribus means all things being equal.
Says law says supply creates its own demand.
I hope my answer helps you
Answer:
Option (a) is correct.
Explanation:
For February,
Opening inventory would have been:
= 25% of February
= (25% × $89,000)
= $22,250
Ending inventory would have been:
= 25% of March
= (25% × $59,000)
= $14,750
Hence,
Cost of goods sold = Opening inventory + Purchases - Ending inventory
$89,000 = $22,250 + Purchases - $14,750
Purchases = $89,000 + $14,750 - $22,250
= $81,500
Therefore, the budgeted purchases of inventory in February Year 2 would be $81,500.
Answer:
Productivity Growth = 6.1%
Explanation:
Productivity Growth = Current Productivity - Previous Productivity/ Previous Productivity
Productivity Growth = 35-33/33=2/33= 0.0606 or 0.061*100= 6.1%
Productivity Ratio = Output/ Input
Labor Productivity= No of Units/ No of Employees
A preferable approach to productivity measurement is to record multiple physical measures that capture the most important determinants of a company's productivity.
