Answer:
C. Letter C; demand exceeds supply, resulting in a shortage
Explanation:
I had put my answer as A on the test and got it wrong. But this is the correct answer C.
Answer:
Yes
Explanation:
Managers' ethical behaviour benefits all of the organization's directors, which boosts a company's goodwill and, as a result, profits. Customers and clients are more likely to trust a company that demonstrates its commitment to a good
The principles that form an ethical workplace culture have an impact on the customer connections that a firm maintains. Customers should be treated with respect and dignity, and staff should be truthful and equitable with them, according to an established brand. long-term effect.
Answer: the profit motive
Explanation:
The invisible hand refers to the indirect benefit that s society gets from the free market economy.
A free market economy is an economy whereby the decisions in the market are taken by the individuals and the firms and the main motive here is the profit.
When a country has a strong currency, generally its export decreases - this is the answer to the first question.
Imagine, a tone of rice costs 100 dollars, that is 100 pounds. With a strong dollar, it's 120 pounds now - the British will be able to afford less of US rice now!
About the second question - I think that if neither has an absolute advantage, this also likely means that neither has more natural resources.
now, country A exports milk to country B, which means that it's cheaper to produce milk in the country A. Therefore, the answer "<span>The opportunity cost of producing milk is lower for Country A" is correct.</span>
Answer:
Unit production is $4.9
Explanation:
Unit production per unit of materials=(materials WIP+cost of additional materials)/equivalent units of materials
materials WIP is $5100
cost of additional materials is $53000
equivalent units of materials is 23240
unit production cost per material=($5100+$53000)/23240
=$2.5
Unit production per unit of conversion costs=(Conversion WIP+additional conversion costs)/equivalent units of conversion costs
Conversion WIP is $3400
additional conversion costs $41000
equivalent units of conversion costs 18500
unit production cost per conversion cost =($3400+$41000)/18500
=$2.4
The unit production cost is $2.5+$2.4=$4.9
