Answer:
E
Explanation:
According to the history of America, by 1830 home manufacture had declined significantly due to increased industrial organization and advances in transportation.
Answer:
Option A
Total cost of goods sold = $<u>1,007.7</u>
Explanation:
<em>Under the last -in-first-out (LIFO) method, inventory are priced using the price of the newest/latest batch in stock until a new batch is received after which the price of the new batch is used and this is continued.</em>
So we apply the principle as follows:
$
July 14 sale of 83 units = 83× 6.90 = 572.7
July 30 sale of 58 units = 58× 7.50 = <u>435</u>
Total cost of goods sold <u>1,007.7</u>
Total cost of goods sold = $1,007.7
At a price of $10, the marginal revenue of a monopolist is $6. if the marginal cost of production is $8, the monopolist should keep the price at same level in order to maximize profits.
For increasing the profits the monopolist should increase the marginal revenue to $8 so that the mr =mc.
Every firm follows the rule of profit maximization. In this rule marginal cost is equal to the marginal revenue and the MR intersects the MC curve the profit will be the maximum at this level.
The marginal cost of production and marginal revenue are the economic measures which are used to determine the amount of output and the price per unit of a product that will maximize profits.
To know more about marginal revenue here:
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Answer:
C. Ethnocentrism
Explanation:
Ethnocentrism is defined as the evaluation of other cultures according to preconceived ideas that originate in the standards and customs of one's own culture.
In this case Sridhar is sensitive to the idea that his classmates will evaluate what he says because of the preconceptions they have.