Answer:
Option (D) is correct.
Explanation:
Perfect substitute goods are the goods which can be used in place of each other.
Perfect substitutes refers to the goods which are having identical characterstics, features and provide the exactly same level of satisfaction.
The marginal rate of substitution for these perfect substitute goods remains constant which means that the trading of one good for the another good is at a fixed rate.
Answer:
The answer is C. Development and use of model to test
hypotheses
Explanation:
Economic theories are theories that explains economic phenomena and tries to create solutions to the identified economic problems. They are comprehensive system of assumptions, hypotheses, definitions and instructions about what should be done in a certain economic situation.
Examples of Economic theories are
Classical economic theory
Keynesian theory
New Classical theory
New Keynesian theory
Answer:
wut is this
Explanation:
financial acc practice ex 1
6,200 pounds of raw materials should be purchased in July.
<h3>
What are raw materials?</h3>
- Raw materials are the goods or inventories required by a company to make its products.
- Steel, oil, corn, grain, gasoline, lumber, forest resources, plastic, natural gas, coal, and minerals are examples of raw materials.
The raw material purchases for July are computed as follows:
- Required production in units of finished goods.
- Units of raw materials needed per unit of finished goods.
- Units of raw materials are needed to meet production.
- Add desired units of ending raw materials inventory.
- Total units of raw materials needless units of beginning raw materials inventory.
- Units of raw materials to be purchased.
71,000 pounds × 10% = 7,100 pounds.
62,000 pounds × 10% = 6,200 pounds.
Therefore, 6,200 pounds of raw materials should be purchased in July.
Know more about raw materials here:
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The correct question is given below:
If 71,000 pounds of raw materials are needed to meet production in August, how many pounds of raw materials should be purchased in July?
Combination' Chronological
This one is best for career changers with transferable skills from a previous career.
Many career changers do well with a combination resume format, which is a chronological-style resume that leads with a qualifications summary. The summary emphasizes your most related credentials so hiring managers easily see you are qualified
