Answer: $22 billion
If households receive $84 billion in wages (labor), $22 billion in rent (land), and $32 billion in interest (capital), households are paid ($160-$84-$22-$32) or $22 billion for providing entrepreneurial ability?
Entrepreneurial ability is a mix of many types of abilities measured by education, work experience, and the length of work.
The correct answer is mass production. Mass production is
being defined as having to manufacture products in large quantities by which
they are likely utilized by an assembly of line technology. This is a process
by which it creates similar products in large numbers.
Answer:
Average cost units in inventory=$1,205
Explanation:
August 8
Weighted average cost in August 8
=( (2 × 100 )+ (3 × 250))/5=$190
Cost of goods sold in August 15 = 190× 3= 570
Balance in inventory in August 15 = 950
- 570 =380
Weighted average cost in August 25 = 380 + (3* 275)/(2+3)= 241 per
Average cost of units = $241 per unit
Average cost units in inventory in August 25= $241×5
=1205
Average cost units in inventory=$1,205
