Answer:
true
Explanation:
The equivalent units of production in respect of direct labor for the given scenario shall be determined through the following mentioned equation:
Equivalent units of direct labor=Number of physical units at start of the reporting period*Completion percentage with respect to direct labor
Equivalent units of direct labor=100,000*20%
=20,000 units
So based on the above calculation, the statement is true
The answer is A
I hope this helps
Answer:
producer surplus increases and total surplus decreases in the market for that good.
Answer:
A. Medicine
Explanation:
Inelastic good is a product whose demand does not fluctuate with price changes. It means the demand for the good remains constant even if prices increase or decrease. The term inelastic symbolizes the demand for the good is static.
Medicine has an inelastic demand. Patients need medication regardless of prevailing prices. An increase or decrease in prices of medicines does not influence the demand. The term inelastic contrast elastic demand, which is the demand that varies with changes in prices.
