Answer:
D) No No
Explanation:
Direct material cost and fixed overhead cost assigned to inventory, both are irrelevant in the decision to sell or throw out obsolete inventory because these costs are already incurred and treated as sunk cost.
Answer:
D) Markets allocate goods effectively.
Explanation:
The two main principles of capitalism are that individuals are rational and act according to their best self interest, and markets will allocate goods and service more efficiently than governments.
In this case, the stores ran out of batteries and flashlights due to a sudden increase in the demand, but since the stores make a profit by selling batteries and flashlights, they immediately replenished their stocks and were able to satisfy all the customers' needs.
If the stores would have needed government permission for replenishing their inventories, they would have never done it so fast and so efficiently.
Answer:
The science of microeconomics covers a variety of specialized areas of study including: Industrial Organization: the entry and exit of firms, innovation, and the role of trademarks. Labor Economics: wages, employment, and labor market dynamics.
Explanation:
Answer:
answer is Cannot be determined
Explanation:
given data
household income = $50,000
increases = 10% per year
time = 2 year
solution
as we know that here mean is increase by 10 percentage
but from the mean percentage increase in does not meaning that it will increase median also with same percentage
because median also increase by some percentage if data is move up
but we can not say it will move with same percentage
so here answer is Cannot be determined from given data
Answer:
which of the following is not considered a credit?
overdraft fee
Explanation:
