Answer:
You got this, never give up!
Explanation:
Believe in yourself. : )
Answer:
The four factors of production are land, labor, Capita and entrepreneurship.
Answer:
Ending Inventory Units = 500 + 6700 - 6000 = 1200 units
Equivalent units for Material = Units completed and transferred*100% + Ending Inventory units*50% = 6000*100% + 1200*50%
= 6000 + 600 = 6600 units
Cost per equivalent unit for materials = (Beginning Material cost + Material cost incurred during the month) / Equivalent units for Material
= ($5800 + $125600) / 6600
= $19.91
Hence, third option is correct.
Answer:
what must be sacrificed in using a resource for its next-best use
Explanation:
The market cost would be managed by the clients also it would remember the advantage that is best Also it is remembered in order to support the satisfaction to their own decisions.
So in the case of the market system, the allocation of the scarcity goods would be based on the opportunity cost i.e. to be sacrificed for the next best usage
Answer:
Less than; Greater than.
Explanation:
The total goods quantity will be lesser in a competitive market while it will be greater in a monopoly state or market.
This also explains optimal price which can be defined as the price at which the seller can make the highest profit possible, that is, the seller’s price is maximized. The rule of marginal output postulates that profit is maximized by producing an output, whereby, the marginal cost (MC) of the last unit produced is exactly equal to the marginal revenue (MR).
