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2 years ago

One of the three basic coordination tasks an economy has to face is .

1 answer:

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THREE COORDINATION TASKS OF ANY ECONOMY:<span>
1) how to utilize its resources efficiently
2) which of the possible combinations of goods to produce
3) how much of the total output of each good to distribute</span>

<span>It Refers to society's decisions on how to divide up its scarce input resources among the different outputs produced in the economy and among the different firms or other organizations that produce those outputs</span>

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A newsvendor orders the quantity that maximizes expected profit for two products, X and Y. The critical ratio for both products

Tamiku [17]

Answer:

A. Product A, because it has less certain demand.

Explanation:

According to the statement, the product X (A) is the one with the highest proportion of standard deviation, that is, it has a more uncertain demand. Taking into account this condition, it is expected that the number of optimal products will be greater because it has an average and critical relationship. For this reason, it is expected that the news seller will lean towards the first product, since it will generate higher income as explained at the beginning.

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2 years ago

Read 2 more answers

A carton of eggs broke onto the floor in the dairy section, making the floor slippery. Little Johnny slipped, fell, and hit his

Stella [2.4K]

Answer:

premises

Explanation:

The grocery store incurs premises liability for his injuries. This form of liability is a legal concept that has to do with personal injuries that have been caused by some form of unsafe or defective conditions on someone's property, usually due to negligence. This is exactly what happened in this scenario since it was negligent of the store to not have cleaned up the mess made by the broken eggs which ultimately caused Johnny to fall.

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2 years ago

One would expect a sports team who continues to add players to its roster (beyond the minimum required to "field a team") to eve

yawa3891 [41]

Answer:

Diminishing marginal product of labor.

Explanation:

Remembering the law of diminishing marginal product which states that by additing unit of labour, while keeping other factors constant would over time lead to lesser output of labour.

Thus one may expect a sports team who continues to add players (additional unit of labour) to its roster above the minimum in the field would eventually not lead to increase efficiency in the field since other factors are kept constant such as increase training for players.

7 0

2 years ago

According to the Ending Inventory Report, how would you calculate the cost of Sales? Ending Inventory Report Administrative Sala

algol13

Answer:

A. $575,000 + $125,000 - $560,000

Explanation:

According to the ending inventory report, cost of sales would be calculated as follow;

Cost of sales = Beginning inventory + Purchase - Ending inventory

Cost of sales = $575,000 + $125,000 - $560,000

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2 years ago

Equivalent Units of Conversion Costs The Rolling Department of Kraus Steel Company had 200 tons in beginning work in process inv

umka21 [38]

Answer:

Equivalent units = 3,855 units

Explanation:

Equivalent unit are notional whole units which represent incomplete work and are used to apportion cost between working in progress and completed work.

Equivalent unit is calculated as:

Degree of completion (%) × Units .

The equivalent units can be calculated by using either the first in first out (FIFO) or weighted average method.

Here, we will use the FIFO.

FIFO: Under this method, to account for the completed units of a particular period, it is assumed that the opening inventory units must first be completed. That is, the first set of completed units should be the opening inventory.

The table below has been set out for explanation:

Items Units Notes Workings Equiv.Units

Opening inventory 200 1 40% × 200 80

Fully worked 3,700 2 100% × 3700 3700

Closing Inventory 300 3 25% × 300 75

Equivalent unit 3,855.0

Notes

1. 60% work has already been done in the previous period (September) so in October the balance is done.

2. The fully work represents units of new work introduced in October and completed in the same period. The value is 3900- 200 = 3700

3. The closing inventory is the units of new work started in October but not yet completed at the end of October.

Equivalent units = 3,855.0

4 0

2 years ago