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Neko [114]
2 years ago
14

The purpose of ______ is to match supply and demand among the producers and consumers of society as a whole.

Business
1 answer:
Alisiya [41]2 years ago
7 0

The purpose of Microeconomics is to match supply and demand among the producers and consumers of society as a whole.

<h3>What is microeconomics?</h3>

Microeconomics is the study of decisions made by people and businesses regarding the allocation of resources, and prices at which they trade goods and services.

Examples of microeconomics include:

  • Supply
  • Demand
  • Competition
  • Prices of goods

Hence, Microeconomics aims at matching supply and demand among the producers and consumers of society as a whole.

Learn more about microeconomics here : brainly.com/question/8648375

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A good time to Evaluate (the E in SMARTER) your long-term college or education goal would be __________
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Kray Inc., which produces a single product, has provided the following data for its most recent month of operations: Number of u
Allushta [10]

Answer:

The variable costing unit product cost was <u>$69.</u>

Explanation:

Variable Product Costing is a situation whereby only the variable costs of production is taking into account to estimating the cost per unit of a product. This implies that none of the fixed cost will be included in the cost of the product.

Based on the explanation above, the variable costing unit product cost to produce a single product by Kray Inc. can be calculated as follows:

Kray Inc.

Calculation of Variable Costing Unit Product Cost

<u>Particulars                                                          Amount ($)     </u>

Direct materials                                                        40

Direct labor                                                               19

Variable manufacturing overhead                           8

Variable selling and administrative expense     <u>     2      </u>

Variable cost per unit                                          <u>     69     </u>

Therefore, the variable costing unit product cost was <u>$69.</u>

5 0
3 years ago
In 2011, Finland had a GDP of $195 billion and a per capita GDP of $36,000. Life expectancy was about 79 years. Which of these a
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Finland has a free-market economy

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The fact that would most support this conclusion is that Finland has a free-market economy. A free market is an economic system characterized by a spontaneous and decentralized order of arrangements by individuals allowing them to make their own economic decisions based on supply and demand in that current time with little or no government control in the matter. This is an economic system that can only work in a developed economic nation.

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3 years ago
The following questions will test you on what you have just learned about sentence-level writing including dangling modifiers, i
Marat540 [252]

Answer:

a. Taking the train into Boston, Katie reviewed the meeting minutes.

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This is the best way to rewrite this sentence in order to avoid the problem of the dangling modifier. A dangling modifier is a word or a phrase within a sentence that modifies a word that is not clearly stated. In this case, the original sentence makes it sound as if the meeting minutes were the ones taking the train into Boston. The reviewed sentence gets rid of this confusion.

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