Answer: c.
In a competitive market, there are many producers competing to provide consumers the products they needed and thus they cannot dictate prices.
If a surplus occurs, there is an excess of quantity supplied and since producers won't be able to sell all their products, they tend or are forced to lower their price.
The reverse happens when there is a shortage. When there is less supply in the market, price increases.
Surplus and shortage in a competitive market, therefore, will cause shifts in the demand and supply curves that tend to eliminate the surplus or shortage.
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Answer:
The correct answer is "C"
Explanation:
Research and development has positive externalizations. However, if a firm isn't empowered to put forth benefits from their attempts, the measure of innovative work in the economy would be lower. Consequently, the administration gives licenses for not many years to firms so they can take care of their R&D expenses and make a few benefits.
The statement above is false. Local content requirements (LCRs) are strategy measures that regularly require a specific level of middle of the road merchandise utilized as a part of the generation procedures to be sourced from household manufacturers.4 Local substance pre requisites in sustainable power source arrangement fill in as either a precondition to getting government bolster
Answer:
Instructions are listed below.
Explanation:
Giving the following information:
For specific identification, ending inventory consists of 390 units, where 370 are from the January 30 purchase, 5 are from the January 20 purchase, and 15 are from beginning inventory.
We weren't provided with enough information to answer the requirement. But, I can give you the answer using simulated numbers.
<u>Under specific identification, the company calculates the ending inventory and cost of goods sold with the exact units that were sold or remain in inventory.</u>
For example:
Beginning inventoy= $15 per unit
Jan. 30: $17 per unit
Jan. 20: $16 per unit
Ending inventory= 370*17 + 5*16 + 15*15= $6,595
