The total equivalent units in the weighted-average method used will be 316800 and 304200 respectively.
<h3>What is weighted-average method?</h3>
The weighted-average method simply uses the weighted average to determine the cost of goods sold.
From the complete question, the total equivalent units for material cost will be:
= $300000 + $16800
= $316800
The total equivalent units for conversion will be:
= $300000 + $4200
= $304200
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The buried verb phrase conduct research on can be revised to:
The sentence that best controls exuberance is:
- I am certain he will like the gift
<h3>What is a Verb Phrase?</h3>
A verb phrase occurs when a verb is hidden within a noun phrase. In the noun phrase; "conduct research on," the hidden verb is "evaluate." Now, the phrase appears as a noun but actuality contains a verb.
The use of the phrase; "definitely certain" is an overuse of words. "Certain" is moderate and better.
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Assume Allison, Bob, and Charisse are the only three buyers of oranges, and only three oranges can be supplied per day.
Refer to Table 7-5. If the market price of an orange is $0.65, then consumer surplus amounts to <u>$3.60</u>
<h3>What
is consumer surplus?</h3>
Consumers' surplus is a measure of consumer welfare and is defined as the excess of social valuation of product over the price actually paid. It is measured by the area of a triangle below a demand curve and above the observed price. Since there is willingness to pay.
Therefore, the correct answer is as given above.
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The complete question goes thus:
For each of three potential buyers of oranges, the table displays the willingness to pay for the first three oranges of the day. Assume Allison, Bob, and Charisse are the only three buyers of oranges, and only three oranges can be supplied per day.
Refer to Table 7-5. If the market price of an orange is $0.65, then consumer surplus amounts to________
Tables should be:
Centered on the page.
Numbered in the order they appear in the text.
Referenced in the order they appear in the text.
Labeled with the table number and descriptive title above the table.
Labeled with column and/or row labels that describe the data, including units of measurement.
