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3 years ago

If the current allocation of resources in the market for wallpaper is efficient, then it must be the case that

Business

1 answer:

Nadya [2.5K]3 years ago

5 0

Answer:

b. the market for wallpaper is in equilibrium.

Explanation:

Efficient allocation of resources means that the cost to produce the last unit of wallpaper and the benefit from that unit equals.

It must be the case that the cost of obtaining the product (which is equal to the benefit to the buyers) is the same as the cost of producing the product. That is the price.

The quantity where demand and supply meets in the equilibrium quantity (supply curve intersect demand curve)

That's the market equilibrium, where the price and quantity that buyers are willing to buy and suppliers are willing to sell is the same.

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Knowles & Foreman Company took the following data from its income statement at the end of the current year:Per-unit product

Slav-nsk [51]

Answer:

d. 1,680 units

Explanation:

7 0

3 years ago

Bates Company plans to add a new item to its line of consumer product offerings. Two possible products are under consideration.

ivolga24 [154]

Answer:

differential revenue = $7

so correct option is a.$7

Explanation:

given data

Product A costs = $6

contribution margin = $3

Product B costs = $12

contribution margin = $4

to find out

the differential revenue for this decision

solution

we get here the differential revenue for this decision that is express

so first we get here selling price for both product that is

selling price product A = Product A costs + contribution margin

selling price product A = $6 + $3 = $9

and

selling price product B = $12 + $4 = $16

so now we get differential revenue that is

differential revenue = selling price product B - selling price product A

differential revenue = $16 - $9

differential revenue = $7

so correct option is a.$7

4 0

3 years ago

With a patent on drug Z27, why would Able Drug Company charge customers $7 per 100 units even though its cost of producing 100 u

Dafna1 [17]

If Able Drug Company already has a patent on a drug called drug Z27, then they have the rights to charge it higher than cost of production. They do this so that they would gain profit from the drug that they have patented and to be able to expand their business more with it.

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3 years ago

BPS reported the following data for its first year of operations: Sales Revenue $8,000 Cost of Goods Available for Sale 6,200 Op

Fittoniya [83]

Answer:

D. $952

Explanation:

The computation of the net income in the case when the LIFO is elected

Particulars AMount

Net sales $7,232 ($8,000 - $640 - $128)

less : cost of goods sold ($6,200 - $820) $5,380

Gross Profit $1,852

Less: Operating Expenses $900

Income before taxes $952

less: Income tax $0

Net income $952

Hence, the net income is $952

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3 years ago

How can an organization develop strategic flexibility?

Anastaziya [24]

Well, you become very very busy when you work, and that develops strategic flexibility. Once you get used to your organization, that’s a sign of strategic flexibility

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3 years ago