Answer:
The answer is $221
Explanation:
LIFO means Last in First out i.e the inventory that was bought last will be sold out first.
Opening balance:
November 1: 5 units at $19 each
Purchased:
November 2: 10 units at $21 each
Purchased:
November 6: 6 units at $24 each
Sold:
November 8: 10 units at $54 each
Total number of units bought plus Beginning inventory = 5 + 10 + 6 = 21 units
Therefore, number of units remaining at November 8 after sales is 21 - 10
=11 units.
So according to LIFO, we have:
6 units at $21 = $126
5units at $19 = $95
$95 + $126
=$221
We would expect that the rebuilding at the end of World War II in many European countries increased aggregate demand for capital goods in <u>a. Both the US and Europe.</u>
<h3>What is aggregate demand?</h3>
Aggregate demand refers to the total demand for goods and services within an economy.
Because of the Marshall Plan initiated by the United States for rebuilding Europe after the Second World War, aggregate demand increased in both the United States and Europe.
<h3>Answer Options:</h3>
a. Both the US and Europe
b. The US, but not Europe
c. Europe, but not the US
d. Neither the US nor Europe
Thus, the rebuilding at the end of World War II in many European countries increased aggregate demand for capital goods in <u>a. Both the US and Europe.</u>
Learn more about aggregate demand at brainly.com/question/1490249
Answer: C. inefficiently low; inefficiently high
Explanation:
If the cotton farmers are not made to pay for the damage that their pesticides cost then they will maintain production at a relatively high level because their input costs will be relatively low. As a result of this high level of production, the price of the goods will be relatively low as well. The point at which both market equilibrium quantity and price are at in this scenario are considered inefficient because they are not taking into account, the true cost of production being the effects of the pesticides being used.
However, if they are made to pay for this negative externality that they are the cause of, it will increase their production cost and force them to reduce production to keep these costs low. As they reduce production, the market price will increase as supply is less.
Explanation:
The free enterprise system is one influenced by the market, which will determine all economic variables, such as price, products and services, and is a system independent of government control to function.
Therefore, it is correct to state that in a free enterprise system, the offer and demand of the consumer for a product or service that will be the determinant of the success or failure of an organization.
As an example of an entrepreneur, we can mention Steve Jobs, who created one of the largest technology companies in the world, Apple. The free enterprise system was one of the reasons for Apple to succeed in becoming one of the most valued companies in the world, due to the fact that it brought innovative products to the market that became examples of products of value to consumers, which made company to grow and become so successful in the market. If the company operated in a government-controlled market, it would probably have to follow specific rules and restrictions for the production of its products that could limit the company, and its performance could be restricted and not as innovative as the company in the market, which is one of the reasons why it achieved success.
A substitute is something you replace and use something different in it's place.
Complement is something added to enhance the original
