Quantity of labor total product total revenue 1 4 $16 2 8 32 3 11 44 4 13 52 5 14 56 refer to the given data. if this firm can hire as few or many workers as it wants at $8, it is multiple choice selling its product in a monopolized product market. hiring labor in a purely competitive labor market. selling its product in a purely competitive product market. hiring labor in a monopsony labor market.

What part of the rational model of decision-making does the former business executive “elliott” have a problem completing?

Which of the following best explains the purpose of protectionist trade policies such as tariffs and subsidies? a. they make sure that governments have enough money to pay for fiscal policies. b. they give foreign competitors access to new markets around the world. c. they allow producers to sell their products more cheaply than foreign competitors. d. they enable producers to purchase productive resources from everywhere in the world.

Inventory by three methods; cost of goods sold the units of an item available for sale during the year were as follows: jan. 1 inventory 20 units at $1,800 may 15 purchase 31 units at $1,950 aug. 7 purchase 13 units at $2,040 nov. 20 purchase 16 units at $2,100 there are 18 units of the item in the physical inventory at december 31. determine the cost of ending inventory and the cost of goods sold by three methods, presenting your answers in the following form: round your final answers to the nearest dollar. cost inventory method ending inventory cost of goods sold a. first-in, first-out method $ $ b. last-in, first-out method $ $ c. weighted average cost method $ $