This came from Microeconomics 4th Edition where it cited Jun Jie Wu an economist made his observations and published it in an agricultural magazine known as <em>Choices. </em>He described market failure and inefficient land allocation as both economic terms in an urban development that did not meet expected growth creating an unbalance situation between the consumers and producers.
Market failure is a used term to describe that the producer was not able to produce the right products or the customers aren't able to buy enough products that would make the business profitable or good for both. Inefficient land allocation can add up to reasons of having market failures when it makes the business release more expenses than profit.
Answer:
Even with the student loan, Kim's debt to income ratio is lower than 20%, so she should get the loan and attend chiropractic school.
Explanation:
debt to income ratio = total debt payments / total gross income
debt to income ratio without student loan = $128 / $1,070 = 11.96%
debt to income ratio with student loan = ($128 + $85) / $1,070 = 19.91%
Answer:
a. production-oriented.
Explanation:
The only consideration of the firm when deciding what to produce is how the plant can run efficiently. They don't consider cost or value of the good to consumers.
Thus, the firm is production-oriented.
I hope my answer helps you
Answer: Beginning finished goods inventory plus Cost of goods manufactured Minus Ending finished goods inventory
Explanation:
When calculating the cost of goods sold for a manufacturing company, the entries involved would be the goods manufactured by the company.
The new goods manufactured will be transferred to the Finished goods inventory account and their costs will be added to the cost of the finished goods inventory that is already there.
At the end of the period, the remaining finished goods inventory is deducted from the figure gotten above so that the cost of the goods sold in the period is acquired.