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Mila [183]
3 years ago
14

A closed economy a. does not engage in international borrowing or lending. b. does not engage in international trade of goods an

d services. c. both a and b d. engages in international borrowing and lending.
Business
1 answer:
Assoli18 [71]3 years ago
5 0
Answer is C. both A) and B)

Because closed is nothing which mean you not gain the money so however, it is closed economy

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Honesty is important to rosa. She bought a sandwich that cost $3.50. However the clerk asked her for only $3. What should rosa d
dsp73
Be honest and pay the 50 cents.
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3 years ago
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Working capital can be defined as
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A. current assets less current liabilities

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Explanation:

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3 years ago
Marginal social cost is defined as:_____.
Alika [10]

Marginal social cost is defined as the marginal private cost plus the opportunity cost.

When an extra or additional unit of a good or service this produced brings about a change in society's total cost. This change in society's total cost is called marginal social cost. This includes both the opportunity cost and the marginal private cost. So it is the total of the private cost and the external cost that the person has to pay.

Marginal private cost is the change in the total cost of the producer due to the production of an additional unit of a good or service. This cost is also known as the marginal cost of production For example if the production of a person's costs rises from$1,000 to $1,050 due to the production of this one good being produced for $50 is known as the marginal private cost.

The opportunity cost is the benefit the person would have gotten if he would have invested the money elsewhere. For example, if the person has an extra $50. He can either invest it in the business or he can invest it in the bank and get the interest. The interest money that the person has to forgo is called the opportunity cost.

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8 0
2 years ago
What does the free rider problem suggest might happen if the government stopped collecting taxes and relied on voluntary contrib
nadya68 [22]

Many public services would have to be eliminated

7 0
3 years ago
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Department M had 2,000 units 40% completed in process at the beginning of June, 12,000 units completed during June, and 1,200 un
goldfiish [28.3K]

Answer:

11,500 was the number of Equivalent Units of Production (EUP)

Explanation:

EUP (FIFO) = Completed Units + Units at the end of the period - Units at the beginning of the period

EUP (FIFO): 12,000 + 1,200 x 25% - 2,000 x 40% = 11,500

Remember:

In the FIFO method to calculate EUP is considered the sum of work done on beginning inventory and percentage of work done on ending inventory adding to the started and completed units during the period.

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3 years ago
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