Answer: Lorenz curve
Explanation:
One of the main tools used by economists to measure the actual distribution of income in an economy is known as the Lorenz curve.
The Lorenz curve Lorenz curve is a graph that shows the inequality witybrwgrds to the income and wealth distribution for a particular economy. The x-axis on the graph shows the population, while the y-axis shows the wealth.
Answer:
1. By consulting the people who have purchased shoes and groceries recently, calling them or checking out their website for these information.
2. I would not be willing to travel far based on losses I might incur.
3. I would not save any money.
Explanation:
How would you find out where the shoes and groceries are?
Marketing Intermediaries help in effective delivery of products and services from the end of producers to the other end of consumers.
Since the marketing intermediaries have been eliminated, I would have to find out where the products groceries and shoes are manufactured or where the nearest wholesaler is. I can either inquire from friends and from people who have purchased shoes recently, call the company or check out their website for these information and also inquire from farmers in my area for groceries. It is highly likely that the manufacturers of shoes and groceries are far from where I live.
How far would you have to travel to get them?
Depending, on the distance of manufacturers and farmers to where I live but at the end of the day it will cost me more on time and gas going from one manufacturer and/or farmer to the other. I will end up not going that far to get them.
How much money do you think you'd save for your time and effort?
I would not save but lose money for my time and effort. The money that the marketing intermediaries would have helped me saved is what I would have spent in the search of manufacturers and farmers.
Medicare Summary Notice is a notice given to people who have undergone medical services or got medical supplies within a 3-month period. It is not a bill but a notice that comprise the details of the medical services or medical supplies that has been billed to Medicare within the 3-month period.
Answer:
Cost of Merchandise sold: $11
Gross Profit: $17
Ending inventory: $22
Explanation:
STATEMENT SHOWING INVENTORY RECORD UNDER WEIGHTED AVERAGE METHOD
RECIEPTS COST OF GOODS SOLD BALANCE
DATE UNITS RATE AMOUNT $ UNITS RATE AMOUNT $ UNITS RATE AMOUNT $
balance
05-Oct 1 5 5
12-Oct 1 13 13
28-Oct 1 15 15
TOTAL 3 11 33 1 11 11 2 11 22
Gross Profit:
Sales revenue 28
Less: Cost of good sold 11
Gross Profit: 17