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antiseptic1488 [7]
3 years ago
13

When all the terms of a contract are specifically set forth, the resulting

Business
2 answers:
soldi70 [24.7K]3 years ago
5 0
I think the answer is d
valina [46]3 years ago
4 0

Answer:

Its A. Express

Explanation:

a p e x

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During the current year, the following manufacturing activity took place for a company's products. The beginning work in process
marishachu [46]

Answer:

a. 138,000

Explanation:

                      Equivalent Units of Production (FIFO method)

                                                                   Whole   % Completion  Equ. units

                                                                   Units                                Dir. Mat.

Beg. Work in process (100% - 70%)    10,000            30%            3,000

Started & completed (140,000-10,000)  130,000         100%           130,000

Ending Work in process                           20,000           25%           <u>  5,000 </u>

Total Equivalent units                                                                        <u>138,000</u>

5 0
3 years ago
Indicate whether each of the following statements is true or false: a. Because they can control product price, monopolists are a
zhannawk [14.2K]

Answer:

The statement is true. Because they can control product price, monopolists are always assured of profitable production by simply charging the highest price consumers will pay.

Explanation:

In economics, a monopoly is a term that describes an industry or other economic sector where control rests with one supplier as that supplier is the only one supplying the market. In theory, that means total control or "complete monopoly" but in practice most monopolies today are "quasi-monopolies", with a supplier dominating the market almost completely but with the space for a few small companies as well.  The monopolist can get a high price for his product by limiting market supply so that the supply of goods is less than the demand for it.

6 0
4 years ago
George needs to figure out what kind of business he wants his dealership to be. He's looking to grow it quickly, but after looki
german
Sounds to me like a corporation so C.
3 0
4 years ago
Ceteris paribus, the law of diminishing returns states that beyond some point, the:________.
DiKsa [7]

Answer:

a. Marginal product of a factor of production diminishes as more of it is employed with a given quantity of other inputs

Explanation:

The law of diminishing return states that in applying a successive unit of variable cost to a fixed cost, the return per unit of variable cost will eventually diminish or fall.

What the above means is that at a certain point, the continuous addition of land, labor , capital and entrepreneur will bring about a fall or reduction in output.

An example is where a company operate at a maximum level, there would be a fall in output even when additional workers are employed given that the factors of production are constant.

7 0
3 years ago
b. Suppose the government sets a target price of $5 per bushel for any quantity supplied up to 1,000 bushels. How many bushels o
Rasek [7]

Answer:

With a price floor of $5, the quantity of corn supplied is 1,200 bushels. The quantity demanded is only 800 bushels: there is a surplus of 400 bushels. The government therefore has to buy up the surplus of 400 bushels, at a price of $5 each: the program costs the government 400 × $5 = $2,000. Corn farmers sell 1,200 bushels (800 to consumers and 400 to the government) and therefore make 1,200 × $5 = $6,000 in revenue.a. With a price floor of $5, the quantity of corn supplied is 1,200 bushels. The quantity demanded is only 800 bushels: there is a surplus of 400 bushels. The government therefore has to buy up the surplus of 400 bushels, at a price of $5 each: the program costs the government 400 × $5 = $2,000. Corn farmers sell 1,200 bushels (800 to consumers and 400 to the government) and therefore make 1,200 × $5 = $6,000 in revenue.

Explanation:

4 0
3 years ago
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