Answer:
1. $1,700,000
2. $250,000
3. $1,450,000
Explanation:
Given that,
Depletion for each ton of ore mined = $2
Ore mined during 2016 = 850,000 tons
Ore sold during 2016 = 725,000 tons
1. Accumulated depletion:
= Ore mined during 2016 × Depletion for each ton of ore mined
= 850,000 tons × $2
= $1,700,000
2. Inventory:
= (Ore mined during 2016 - Ore sold during 2016) × Depletion for each ton of ore mined
= (850,000 tons - 725,000 tons) × $2
= 125,000 tons × $2
= $250,000
3. Cost of goods sold:
= Ore sold during 2016 × Depletion for each ton of ore mined
= 725,000 tons × $2
= $1,450,000
Economists measure the personal satisfaction derived from consuming goods and services with the concept of UTILITY. Utility refers to the total satisfaction derived from consuming a good or service. The utility of a good or service has direct influence on demand and therefore price of that product.
Answer:
(E)
Explanation:
Referent power is effective in any form of business activity. It is something which inspires the employees and to see their managers as a role model. In the above example, my supervisor has referent power over me because I consider him my role model. Some supervisors have certain interpersonal skills which help them to become a role model and a good manager.
Answer:
fall, rise
Explanation:
US goods will become less expensive
