One of the most important things is called a free enterprise economy
The last station responsible for handling the after-sales processes goes out correctly is First Out.
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What is FIFO?</h3>
First In, First Out (FIFO) is a system of asset management and valuation in which assets created or acquired first are sold, used, or disposed of first.
For tax purposes, FIFO assumes that the assets with the oldest expenses are included in the cost of goods sold on the income statement (COGS). The remaining inventory assets are matched with the most recently purchased or manufactured assets.
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As a person consumes additional units of a good, eventually the utility from each additional unit of the good decreases. Disneyland can’t charge as high a price when utility is low as when it is high.
Answer:
B. unique markets
Explanation:
Macroeconomics is concerned with the overall behavior of the economy as a whole. It studies the performance and decision-making processes of the entire economy. Macroeconomics focuses on the aggregate indicators that affect the entire country, such as inflation, unemployment rate, GDP growth rate, and price levels.
From the list provided, macroeconomics will be concerned with global markets, national unemployment, and worldwide inflation. Unique markets are specific to a certain product or industry and will be covered by microeconomics. Microeconomics is the study of how choices made by firms and households affects production and consumption of specific products.
When frank sells a pie to jean instead of sarah, the economic value created in society is lower because of the difference in consumer surplus.
What is consumer surplus?
Consumer surplus occurs when a consumer pays a price that is lesser for a goods than the actual price they are willing to pay for a product.
Difference in consumer surplus occurs because Frank now has more customers and he can now sell at a price lower than the consumer would pay.
Therefore, Frank sells a pie to jean instead of sarah,when the economic value created in society is lower because of the difference in consumer surplus.
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