Answer:
The correct answer is A
Explanation:
Monopoly is the market structure in which there is a single seller of the product and service. And the seller enjoys the freedom and does not have any competition in the market.
So, this is the case of a monopoly market structure as there is only single seller in the state. And the government regulate the monopolies so that could protect the interest of customers and adopt the policies such as merger regulations, competition in market and breaking down the monopoly.
Therefore, the government could control the prices by price capping, in which the government set the limit on the prices of the service. And in the case of monopolies have the power set the prices above the equilibrium level. Hence, it is required to regulate the price.
Answer:
The answer is unethical and illegal
Explanation:
Unethical behavior is an action that falls outside of what is considered morally right or proper for a person, a profession or an industry.
Embezzlement is a type of fraud, which is defined as a "knowing misrepresentation of the truth or concealment of a material fact to induce another to act to his or her detriment."
Answer:
Trade is a basic economic concept involving the buying and selling of goods and services, with compensation paid by a buyer to a seller, or the exchange of goods or services between parties.
Answer:
The answer is $221
Explanation:
LIFO means Last in First out i.e the inventory that was bought last will be sold out first.
Opening balance:
November 1: 5 units at $19 each
Purchased:
November 2: 10 units at $21 each
Purchased:
November 6: 6 units at $24 each
Sold:
November 8: 10 units at $54 each
Total number of units bought plus Beginning inventory = 5 + 10 + 6 = 21 units
Therefore, number of units remaining at November 8 after sales is 21 - 10
=11 units.
So according to LIFO, we have:
6 units at $21 = $126
5units at $19 = $95
$95 + $126
=$221
