The ability of the competitive forces of supply and demand to establish a price at which selling and buying decisions are consistent is called the rationing function of prices.
<h3>What is the rationing function of prices?</h3>
Rationing function of price is used to measure the goods that consumer can use their money to buy.
When their is scarcity of goods in the market this means that demand will be above supply and the outcome is that price of goods will tend to increase or bid up.
Therefore the ability of the competitive forces of supply and demand to establish a price is called the rationing function of prices.
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Answer:
A computer's wireless adapter translates data into a radio signal and transmits it using an antenna.
Explanation:
Answer:
True
Explanation:
Colombia miners sell emeralds to jewelers in the United States. This cross border trade is regarded as an export. Exports are goods and services produced in one country and sold in another country.
Answer:
Classification:
Groups Annual Dollar-Volume
A Above $30,000:
Item Annual Volume Unit Cost Total Cost
Item 8 900 $70 $63,000
B Above $3,000:
Item Annual Volume Unit Cost Total Cost
Item 2 1,000 $30 $30,000
Item 3 500 $60 $30,000
Item 5 1,500 $20 $30,000
Item 6 600 $50 $30,000
Item 10 700 $40 $28,000
C $3,000 and Below
Item Annual Volume Unit Cost Total Cost
Item 1 300 $10 $3,000
Item 4 100 $2 $200
Item 7 2,000 $1.50 $3,000
Item 9 1,200 $2.00 $2,400
Explanation:
a) Data and Calculations:
Item Annual Volume Unit Cost Total Cost
Number (Units) ($) ($)
Item 1 300 $10 $3,000
Item 2 1,000 $30 $30,000
Item 3 500 $60 $30,000
Item 4 100 $2 $200
Item 5 1,500 $20 $30,000
Item 6 600 $50 $30,000
Item 7 2,000 $1.50 $3,000
Item 8 900 $70 $63,000
Item 9 1,200 $2.00 $2,400
Item 10 700 $40 $28,000
Answer:
$5
Explanation:
Earnings per share is the total profit earned by a firm divided by the number of outstanding shares
Earnings per share = earnings / total outstanding shares
$500,000 / 100,000 = $5