Answer:
1/3
Explanation:
What is the size of MRSTO = 1 /3
The marginal rate of substitution calculates the rate at which a consumer would give up a unit of one good in exchange for one unit of another good while maintaining the same level of utility.
Answer:
Sold first - June 1 at $10
Sold first - June 2 at $15
Ending inventory - July 4 at $20
Explanation:
In the FIFO Method, when the first product is acquired it is sold first or dispose of.
In the given question, one identical unit is purchased on three dates, and the company sold two units
So, the selling units would be
June 1 at $10
June 2 at $15
And, the remaining stock would be considered as an ending inventory i.e July 4 at $20
<span>C.K. Prahalad was a teacher at the University of Michigan and very influential business thinker.</span><span>
According to C.K. Prahalad, the first stage of globalization is </span>when companies produce goods in one country and export them to other countries.
The second stage is when global businesses establish subsidiaries to handle the exports from their home country and at the third stage global firms set up operations in other countries.
