Answer:
B) Smaller Than 1
Explanation:
Snell's Law states that the ratio of the sines of incidence and refraction is equal to the ratio of the phase of velocities in the two phases. When light travels from a rarer medium like air to a denser medium like water, the light would be refracted towards the normal line. For example, the refractive index of air with respect to glass is represented as;
<em>sin i / sin r</em>
If light rays travel from glass which is a denser medium to a rarer medium which is air, the light rays would bend away from the normal line, and then the angle of refraction would be greater than the angle of incidence. So, the refractive index of the rarer medium which is air with respect to the denser medium which is glass will be smaller than 1.
Answer:
$3,585
Explanation:
The computation under the FIFO method is shown below:
The total purchase units equal to
= 10 units + 25 units + 30 units + 15 units
= 80 units
Out of 80 units, the 25 units are sold, so the remaining 55 units are come under the ending inventory. The classification is shown below:
10 units at $60 = $600
25 units at $65 = $1,625
20 units at $68 = $1,360
So, the total would be
= $600 + $1,625 + $1,360
= $3,585
Answer:
B) Long-term debt
Explanation:
Long term debts are loans that are due in more than 1 year, and generally bonds are due in several years.
- Revolving credit agreements is a revolving line of credit where the client uses the funds only when they need it.
- Commercial papers are short term promissory notes (due in less than 1 year).
- Trade credit is usually handed out by a company's vendors where you receive merchandise and pay for it later (usually in a month or two).
I would do the things I remember. and next time I will secretly record it
Answer:
In a monopolized market, producer surplus is higher than in a competitive market, while consumer surplus is lower.
Explanation:
A monopolized market is a market in which there is only one producer or seller of a product. The monopolist has market power. A competitive market is a market with many buyers and sellers who cannot individually influence price. In a competitive market, the players are price takers. Consumer surplus measures the difference between what the consumer was willing to pay for a particular commodity and how much he actually pays. Producer surplus refers to the excess of price received by producer over the unit cost of production. Total surplus is the addition of consumer surplus and producer surplus.
In a monopolized market, total surplus is lower than in a competitive market because monopolistic market is characterised with lower quantity and higher prices when compared with competitive market. However, producer surplus is higher in a monopoly market than in a competitive market. This is because in monopoly market the seller makes economic profit by setting prices above his unit cost; this is not possible in competitive market since prices are set at the point where average revenue (price) equals average cost. There is dead weight loss in the outcome of a monopolistic market. This implies a lower total surplus when compared to competitive markets. Consumer surplus is lower in monopolized market because consumers pay higher prices for lower quantities than in competitive markets.
