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2 years ago

What is the role of consumers and producers in a free market system

Business

1 answer:

Whitepunk [10]2 years ago

3 0

Answer:

Consumers buy and use the products that producers make and sell to the public. So the roles are consumers=buy while producers=make.

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Barkoff Enterprises, which uses the high-low method to analyze cost behavior, has determined that machine-hours best explain the

Paha777 [63]

Answer:

The utilities cost associated with 1,110 machine hours will be $10,505.

Explanation:

High Low method is a way to calculate the variable and fixed cost element of total cost using lowest level of activity and its cost and highest level of activity and its cost.

In this example The Highest activity of Machine hour is in the month of May and Lowest activity is in February.

Using high low method:

Variable cost = ( Highest activity cost - Lowest activity cost ) / ( Highest activity - Lowest activity )

Variable cost = ( Cost in May - Cost in February ) / ( Machine hours in May - Machine Hours in February)

Variable cost = ( $9,625 - $8,360 ) / ( 950 - 720 )

Variable cost = $1,265 / 230

Variable cost = $5.50 per machine hour

Fixed Cost = $8360 - ( 720 x $5.5) = $8360 - $3960 = $4,400

Utility cost of 1110 units = $4,400 + ( 1,110 x 5.5 ) = $4400 + $6,105 = $10,505

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2 years ago

________ conflict occurs when an individual perceives incompatible demands from others.

Vikentia [17]

External is the conflict

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3 years ago

The law of demand is based on the observation that:________.

Bess [88]

Answer:

Explanation:

its C because if the price goes down for a product then you buy more of something you wanted to get more out of.

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3 years ago

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One of the most important ingredients in bubble tea is the tapioca pearls that are added to the tea. If the price of tapioca flo

Mamont248 [21]

Answer: The correct answer is "d) The supply of bubble tea will decrease.".

Explanation: If everything else remains constant: An increase in the price of tapioca flour causes producers a higher cost, therefore this higher production cost will cause a decrease in supply.

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3 years ago

Luxguard Home Paint Company produces exterior latex paint, which it sells in one-gallon containers. The company has two processi

marta [7]

The cost of ending work in process inventories and of units transferred out of the Base Fab Department in April is $851,00 and $999,000and $1850,000

The calculation of this question and working of solutions is in tabular form which is attached to this answer.

What is Cost?

The cost is of two types - Variable and Fixed . Variable costs exchange based on the amount of output produced. Variable costs may include labor, commissions, and raw materials. constant costs continue to be the same no matter production output. fixed charges may additionally include hire and rental bills, coverage, and interest payments.

Learn more about cost brainly.com/question/13165105

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2 years ago