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KATRIN_1 [288]
3 years ago
7

30points

Business
1 answer:
koban [17]3 years ago
8 0

Answer: C

Explanation:

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Choose the correct choice; At the current price level, producers supply $375 billion of final goods and services while consumers
Solnce55 [7]

Answer:

The price level is A) Above equilibrium.

Explanation:

Normally, every economist believe that a lower price attracts a higher demand. This is so when the behaviour of consumers are measured when choosing a product.  Many consumers go for a low priced product or cheaper product over a high priced product or expensive product irrespective of quality, taste or satisfaction derived from consuming them.

Price relating to market or in terms of quantity demanded and quantity supplied is referred to as equilibrium price or equilibrium quantity. When the market price is below equilibrium, quantity supplied of a product will be less than the quantity demanded for it because the price of goods are cheaper. But when price is above equilibrium, quantity supplied will be greater than quantity demanded because the price of goods is high.

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3 years ago
Flawless Cosmetic Company manufactures and distributes several different products. The company currently uses a plantwide alloca
IgorC [24]

Answer:

Option (D) is correct.      

Explanation:

Total Overhead Cost:

= (Overhead × Number of cases) for all products

= (20 × 350) + (25 × 550) + (17 × 650)

= 31,800

Total Machine Hours:

= Machine hours × Number of cases

= (5 × 350) + (3 × 550) + (4 × 650)

= 6,000

Overhead Rate:

= Total Overhead Cost ÷ Total Machine Hours

= 31,800 ÷ 6,000

= 5.30

Total product cost per case for Product GC:

= Direct Material + Direct Labor + Overhead

= 80 + 30 + (Machine hours × Overhead Rate)

= 80 + 30 + (3 × 5.3)

= 80.00 + 30.00 + 15.90

= $125.90

4 0
3 years ago
What are the two most popular ways people make networking contacts?
Semmy [17]

Answer:

Explanation:

Every contact you meet should lead you to new contacts. That's why it's called networking – just like a net, every connection leads off in two or more directions. Your contacts fall into two groups: those who you immediately know might be able to help you, and those who you don't see any point in talking to.

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2 years ago
Economic theory defines specialization as the production of one or just a few goods and services. Specialization refers to how a
Delvig [45]

Answer:

Both countries can benefit from trade through specialization.

Explanation:

Specialization refers to the situation when an individual, organization or country focuses on available resources and instead of producing a lot of products, they produce what they may need.  

A country achieves specialization by producing a greater quantity of the goods it can produce at lower opportunity cost.  

Through specialization, both countries involved in trade can produce well in a larger quantities than they need to consume. They trade the excess goods and are able to consume at a point beyond their production possibility curve.

3 0
3 years ago
What is the name of the law that states that as we shift factors of production from making one good or service to another, the c
Umnica [9.8K]
I did some research and found out it is the law of increasing costs
:)
4 0
3 years ago
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