sold 500 tickets therefore it is not economically efficient
This could be either print media or support media. I believe it is print media.
Answer: 320 units
Explanation:
The equivalent units of production for transferred in units in the Filtering Department in August under the first-in, first-out (FIFO) method goes thus:
Total units completed= 160 units + 290 units = 450 units
Beginning WIP = 160 units
Ending WIP = 30 units
Equivalent units of production:
= 450 + 30 - 160
= 480 - 160
= 320 units
Answer:
Allocate existing resources more efficiently among competing uses.
Explanation:
The main goal of resource development is to find ways that allocate resources more efificiently, to spread the available resources in a way that maximizes economic and social benefit taking into account the different competing uses.
Resource development does not necessarily promote central planning because it can make use of market strategies to achieve its goal, and it cannot increase the amount of resources available as well, because these are determined by the natural endownment that each area has.
When a firm uses price descrimination, people with an inelastic demand curve will pay higher prices for the item relative to those purchasing the product and have an elastic demand curve
