The price system is an important component of the market because it coordinates the activities of producers, consumers, and owners of resources.
The answer to this question is option c. In economics the price system can simply be described as the way of organizing economic activities.
In order to do this, it coordinates the decisions of the buyers, the suppliers or the producers, and the owners of productive resources.
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Answer:
total product costs = $101750
Explanation:
given data
overhead costs = $ 100
Direct materials of $41,000
direct manufacturing labor = 450
per hour = $35
markup rate = 30 %
solution
we get here total product costs that is express as
total product costs = Direct materials + DML + MOH ..........1
total product costs = $41,000 + ( 450 × $35 ) + ( 450 × $100 )
total product costs = $41,000 + $15750 + $45000
total product costs = $101750
Answer:
The correct answer is: a positive correlation.
Explanation:
Correlation can say something about the relationship between variables. It is used to understand:
1. If the relationship is positive or negative
2. The strength of the relationship.
Correlation is a powerful tool that provides vital pieces of information.
In the case of family income and family spending, it is easy to see that both rise or fall together in the same direction. This is called a positive correlation.
In the case of price and demand, the change occurs in the opposite direction, so that the increase in one is accompanied by a decrease in the other. This is known as a negative correlation.
Answer:
The three major compromises were the Great Compromise, the Three-Fifths Compromise, and the Electoral College. The Great Compromise settled matters of representation in the federal government.
it should be right if not sorry
.
Answer: PRIVACY. 100% postive
Explanation:
