Answer: c. it ensures productive efficiency.
Explanation:
The average cost pricing is used by the government in order to control the price that may be charged by the monopolist.
With the average cost pricing, monopolists are forced to reduce the price that twhy charge for a product to a point whereby the average total cost of the firm and the market demand curve will intersect.
This is vital as it brings about productive efficiency, increase production and also the reduction in the price of a good.
Therefore, the correct option is C "it ensures productive efficiency".
The given scenario is an example of marketing behavior that would occur during the sales era of U.S. business history.
<h3>What is Marketing?</h3>
This refers to the creation of awareness for a particular product by making promotions.
Hence, we can see that based on the given scenario of the machine lubricant that was sold after the WWII, there was the introduction of strong competitors and a sales force had to be hired and this is an example of marketing behavior that would occur during the sales era of U.S. business history.
Read more about marketing here:
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Answer:
Debit to sales discounts for $100
Explanation:
Please see journal entry to record the sales below;
a. Dr accounts receivable $5,00
To sales revenue account $5,000
(Being merchandise that is sold on credit basis)
Suppose payment is made within 10 days, the journal entry will be;
Dr Cash account $4,900
Sales discount account $100
(5,000 × 2%)
To accounts receivable $5,000
(Being cash that is received)
Answer: The amount of sales required to realize an operating income of $200 000 is a. 10,769 units.
Explanation: We can solve it with a simple equation:
200 000 = 240x - 1 200 000 - 110x
200 000 + 1 200 000 = 240x - 110x
1 400 000 = 130x
1 400 000 / 130 = x
10769, 23077 = x
We check: 240 . 10769,23077 - 1 200 000 - 110 . 10769,23077 = 200000 √
<span>The marginal propensity to consume (MPC) is the the change in consumption divided by change in income. Where change in in consumption = $50B and change in income = $200B. So we have 50/200 =1/4 = 0.25. So the MPC is $250M</span>
