Compare a market operating at a quantity lower than equilibrium with the same market operating at the equilibrium quantity. which of the following statements are true? a. a market operating below equilibrium will transfer some producer surplus to consumers. b. a market operating below equilibrium will transfer some consumer surplus to producers. c. it is unclear if the consumer surplus is greater or less at the market operating below equilibrium.

Which term refers to the amount of products generated divided by the inputs necessary to create that output? a. performance b. industry ranking c. productivity d. organizational performance e. organizational effectiveness

The strength of the economy depends on the balance pf production and consumption of goods and consumption of goods and services

Frost corporation incurred the following transactions during its first year of operations. (assume all transactions involve cash.) 1) acquired $1,900 of capital from the owners. 2) purchased $435 of direct raw materials. 3) used $290 of these direct raw materials in the production process. 4) paid production workers $490 cash. 5) paid $290 for manufacturing overhead (applied and actual overhead are the same). 6) started and completed 250 units of inventory. 7) sold 140 units at a price of $6 each. 8) paid $130 for selling and administrative expenses. the amount of raw material inventory on the balance sheet at the end of the accounting period would be: