Answer:
Juanita's trainning dilema:
B:People face trade-offs
Icestorm:
A:Markets allocate goods effectively.
Explanation:
Any hour on swimming trainning is one less for bike or running.
Also an hour runnings is one less for swimming or running
an bike hours negate the change for swimming or running.
This is the concept of opportunity cost. chose something is also chose not to do anything else.
When there is need of a certain good, batteries in this case, the market (which is the sum of all people willing to do business) will allocate resource when needed. As the demand for batteries and flashlights increased, the stores chose to purchase these instead of other to replenish the stock and make a stand to the increased demand.
Answer:
The correct answer is option A.
Explanation:
A perfectly competitive market has large number of sellers producing homogenous products. As a result, no single firm is able to affect the price level. So all the firms have their individual demand curves as a horizontal line at the price level.
This demand curve also represents marginal revenue. The firm is able to maximize profit when the price and marginal revenue is equal to the marginal cost.
Here, the revenue earned from the last unit of product is equal to the cot incurred in producing the last unit.
Answer:
Intermediate Portion.
<em>(Please see image 1 attached)</em>
Explanation:
This portion of the Keynesian aggregate supply model curve depicts the tradeoff between the increase in price levels and the reducttion of aggregate quantity of demanded goods and services.
Currently, the economy still has space for growing as GDP continues to have an incremental trend <em>(Pleas see image 2 attached) </em>therefore the US aggregate demand has not yet reached the Neoclassical portion of the aggregate demand.
Answer:
$9,200
Explanation:
Calculation to determine the budgeted cost of goods sold for October
Using this formula
Budgeted cost of goods sold for October =Cost of ski boots + Inventory at the beginning - Inventory at the end
Let plug in the formula
Budgeted cost of goods sold for October = $2800 + $8200 - $1800
Budgeted cost of goods sold for October= $9200
Therefore the budgeted cost of goods sold for October is $9,200
Answer:
C. manufacturing overhead costs.
Explanation:
These are the options for the question
A. direct material costs.
B. direct labor costs.
C. manufacturing overhead costs.
D. selling costs.
E. administrative costs
Manufacturing cost can be regarded as the summation of the cost of consumed resources during the production of a product. It can be divided into
direct materials cost
✓ direct labor cost
✓ manufacturing overhead.
It should be noted that The primary difference between normalized and actual costing methods lies in the determination of a job is manufacturing overhead costs.
