Answer: The correct answer is "D. the benefit of lower prices to be greater than the cost of reduced services and less convenience.".
Explanation: Consumers obviously consider the benefit of lower prices to be greater than the cost of reduced services and less convenience.
Discount and no-frills airlines have less costs to cover so they can offer lower and more affordable prices for consumers. These airlines have been successful because it turns out that consumers value or prefer the lower price rather than the additional services.
Answer:
The correct answer would be option D, Consumers.
In the game of economics, producers get information they need to determine how much people are willing to pay for a good or service from Consumers.
Explanation:
In the game of economics, consumers are the ones who will consume the products produced by the companies/producers, and they are the ones who will determine how much they are wiling to pay for a good or service.
For example, if a product's price is set at 5 dollars but no one is willing to pay 5 dollars for that product, then producers have to lower the prices to meet the customers' demands, and to sell their products.
So in this way, customers determine the prices of the products.
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The correct answer is C. Helps developing nations escape from poverty
Explanation:
The World Trade Organization (WTO) is one of the most important organizations worldwide that regulate the trade between nations, the WTO includes almost all countries in all continents and aims at facilitating trade and other economic activities. Despite this, the WTO is criticized by many for multiple reasons that include the pollution and environmental degradation due to more trade and manufacture, the irregularities in protections and conditions as some countries skip laws about workplace safety, child labor, etc. and that it supports big multinational corporations rather than small local businesses.
However, one of the reasons critics of the WTO do not mention because it is a positive aspect of the WTO and the liberalized trade is that it actually "helps developing nations escape from poverty" as it provides opportunities for all the members to trade products especially those that are exclusive from each country.
Answer:
Allocated overhead= $30,000
Explanation:
<h3>
First, we need to calculate the plantwide predetermined overhead rate:</h3>
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Predetermined manufacturing overhead rate= 80,000/16,000
Predetermined manufacturing overhead rate= $5 per <u>direct labor hour</u>
<u>Now, we can allocate overhead to Small Monitors:</u>
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Small Monitors:
Allocated overhead= 5*6,000= $30,000
Answer:
ASSETS = LIABILITIES + EQUITY
75,000 = + 75,000
(1,500) = + (1,500)
10,000 = 10,000 +
2,500 = + 2,500
8,000 = + 8,000
- = +
(3,000) = + (3,000)
- = +
(10,000) = (10,000) +
(1,000) = + (1,000)
80,000 = 0 + 80,000
Explanation:
Accounting equation is the foundation of dual entry bookkeeping system. It is also known as the balance sheet equation that shows the relationship between ASSSETS, LIABILITIES AND EQUITY. Total assets must be equal to total liabilities + Equity due to the dual entry system otherwise, it is an indication of descrepancy in during the recording.
