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kakasveta [241]
4 years ago
7

Refer to exhibit 4-1. in a free market, ________ units of the good would be exchanged. with a price ceiling, _______ units of th

e good would be exchanged.
a. 175; 125
b. 75; 125
c. 125; 175
d. 125; 75
Business
1 answer:
solniwko [45]4 years ago
4 0
The answer is option "<span>d. 125; 75".
</span>
Free market alludes to an economy where the legislature or government forces few or no confinements and directions on purchasers and sellers. In a free market, members figure out what items are created, how, when and where they are made, to whom they are offered, and at what value—all in light of free market activity.
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RST Company incurred $126,000 in material costs during July. Additionally, the 12,000 units in the Work-in-Process Inventory on
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Answer:

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Explanation:

Data provided :

Material cost in the beginning = $ 126,000

Additional material cost = $ 32,000

thus,

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Units in the work in progress = 12,000 units

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on substituting the values in the above relation, we get

he material cost per unit for July = ( $ 158,000 ) / ( 12,000 units )

= $ 13.1667 ≈ $ 13.17

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