Answer:
the correct answer is B. Resources are used to produce things that satisfy people's wants.
Explanation:
Wants are the ways we satisfy our basic needs such as food, water, shelterm clothing, etc.
Wants are unlimited. Also, they can be created by businesses as well. However, resources are limited. Most of the resources are given from the nature while some resources have been developed through the human intervention.
Resources are the basic input to produce the necessary things to satisfy the human wants. this conversion process of the resources is generally called the "production".
Answer:
Case 1 = $420 million
Case 2 = $280 million
Case 3 = $350 million
Explanation:
As per the data given in the question,
Annual value by one distributor = $420 million per year
Annual value by two distributor = $560 million per year
Case 1)
The marginal value of first distributor is more than second
So when negotiating the value, it is = $560 million - $420 million = $140 million
and this value would be distribute between both. so each will get = $140 million / 2 = $70 million
and you would expect to capture $420 million of this deal
Case 2)
As distributors are run by government, so negotiation will be done with both the distributor at same time and margin would be $560 million and you would be grabbed = $560 million ÷ 2 = $280 million
Case 3)
In this case marginal amount of contact = $560 million - $140 million = $420 million
and half of it = $420 million ÷ 2 = $ 210 million, which is the amount to be offered
and you would expect to grab the remaining amount = $560 million - $210 million
= $350 million
The answer is B: compound interest
Explanation:
why do you need followers here?
Answer:
3. ending work in process is less than the amount of the beginning work in process inventory.
Explanation:
As we know that
Manufacturing cost = Cost of Goods Manufactured - Direct Labor - Direct Materials Used + Ending balance of Work-in-Process Inventory - the Opening balance of Work-in-Process Inventory
And, the Manufacturing cost involves both cost i.e direct material and direct material used
If the cost of goods manufactured more than the total manufacturing costs, so automatically ending WIP inventory should be less then the beginning WIP inventory
