Answer:
Correct option (5)
Explanation:
Division of labor refers to dividing each job into smaller task and assigning them to employees. These tasks are assigned to each employee based on their skills and abilities.
It helps in increasing efficiency of employees as well provides ease to production process. Division of labor also reduces production cost to a great extent.
Answer:
- 70 units
- $700
Explanation:
1. The demand curve is given and the price is given as well. Substitute the price ceiling into equation.
P = 1,200 - 10q
500 = 1,200 - 10q
q = (1,200 - 500 ) / 10
q = 70 units
2. If there was no price ceiling and 50 units, market price would be;
P = 1,200 - 10 * 50 apartments
P = $700
<span>By making particular purchases, the consumer inform or show what they need.
Ex:
im hungry, buy mc donald
im hungry but i want to be healthy buy other type of food.</span>
Answer:
The cost of goods sold is $68970
Explanation:
The cost of goods sold is the cost of inventory that a company sells in a partcular period.
The cost of goods sold can be calculated as,
Cost of Goods sold = Opening inventory + Purchases - Closing Inventory
Cost of Goods Sold = 16500 + 71500 - 19030 = $68970
