• 2022-06-06
    When supply is ________ or the product is ________, then price is demand determined.
    A: variable; standardized
    B: fixed; unique
    C: fixed; standardized
    D: variable; unique.
  • B

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    • 0

      In a commodity economy, the relationship among value, price, supply and demand is ( ) A: Prices are influenced by supply and demand and fluctuate around value B: Price is determined by value, reflecting value but not supply and demand C: Price is affected by value and changes with supply and demand D: Price is determined by value, reflecting value and supply and demand E: Price is determined by value, and affected by supply and demand. It also restricts supply and demand

    • 1

      In which cases are grey fixed and variable weights used?

    • 2

      ( ) are the sum of the fixed and variable costs for any given level of production.

    • 3

      Air transport is characterized by low fixed and high variable cost.

    • 4

      Johnston Company wants to double production of Product X from 1,000 units to 2,000 units. The variable manufacturing cost per unit is $10. The variable nonmanufacturing cost per unit is $20. There are no fixed costs. The selling price per unit is $50. What is the incremental cost of the proposed change?