Answer:
The answer is D.
Explanation:
Income elasticity of demand potatoes is negative. Potato is considered an inferior goods because demand for an inferior good decreases with an increase in income and increases with a decrease in income.
Last year when the income was $30,000, 60 pounds was consumed. It increased to 80 pounds when the income fell to $20,000.
A normal good will increase with an increase in income and decrease with a decrease in income.
Answer: $41,000
Explanation:
40% of conversion for the beginning work in process so 60% is left.
= 40% * 10,000 * 2.5 ( cost of conversion)
= $10,000
All the units were finished and transferred out so the cost attached will be;
= Materials cost + Conversion cost + Conversion cost for the beginning inventory
= 20,000 + 11,000 + 10,000
= $41,000
The answer would be true as you don't know what has been done with it
Answer:
B) brand alliance
Explanation:
Firms with a limited reputation sometimes form a brand alliance with a reputable firm so as to gain from the quality associated with the known brand