Answer:
Explanation: The specific identification method of costing inventories is used when finding out the cost of the ending inventory.
This method is used to identify when an item is bought and sold and what items are remaining in the store and how to allocate the cost price of item bought at a particular point in time. This is mainly useful when cal calculating the ending inventory.
Answer: the correct answer is 4) Heuristic
Explanation:
Qualitative forecasting is based on opinion of consumers and experts.
Euristic forecasting use historical data as basis for estimating
Answer:
marginal revenue product.
Explanation:
A perfect competition is characterized by many buyers and sellers of homogenous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry.
In the long run, firms earn zero economic profit. If in the short run firms are earning economic profit, in the long run firms would enter into the industry. This would drive economic profit to zero.
Also, if in the short run, firms are earning economic loss, in the long run, firms would exit the industry until economic profit falls to zero.
A perfectly competitive firm will hire workers up to the quantity at which marginal cost of labor equals marginal revenue
I think it is d. none are correct
