Answer:
A is the correct answer.
Explanation:
Inflation causes an arbitrary redistribution of wealth and income. Unexpected inflation is responsible for it. The redistribution of income is caused because the wages and salaries increase rapidly the prices. and other wages and salaries slowly than the price level. The increase in the prices of some assets more rapidly than the price level while the asset prices increase slower than the price level causes the redistribution.
Answer:
Company’s Cost of Goods Manufactured = $1,506,500
Explanation:
Use following formula to calculate cost of goods manufactured
Cost of Goods Manufacture = Direct Material cost + Direct labor cost + Manufacturing overhead + Work in process beginning balance - Work in process Ending balance
Cost of Goods Manufacture = $523,000 + $215,000 + $774,500 + $78,000 - $84,000
Cost of Goods Manufacture = $1,506,500
Answer:
d. identify and separate different types of buyers, and sell a product that cannot be resold
Explanation:
Segmenting the market into different groups is a way to charge varying prices. Each group has their own demand curve.
Answer:
The correct answer is: oligopoly.
Explanation:
A market structure where there are only a few firms is called an oligopoly market. These firms can be producing either identical products or differentiated products.
Because of few firms, there is a high degree of competition in the market. The firms are price makers and face a downward sloping curve.
There is interdependence in the market such that the economic decisions of a firm affects the price, profits and output level of its rivals. So the firms have to consider the reaction of its rivals before making an economic decision.
