During the first year of operations, forrest company paid $30,000 for direct materials and $50,000 in wages for production workers. lease payments, utility costs, and depreciation on factory equipment totaled $15,000. general, selling, and administrative expenses were $20,000. the average cost to produce one unit was $2.50. how many units were produced during the period?

The revenues of a company increased by 39% in year one and decreased 22% in year two. what is the overall change over the two-year period?

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Self-interest achieve society’s economic goals because producers know which goods consumers want the most. as consumers and producers exercise their freedom to act in their own self-interest, markets will produce the desired goods at the lowest possible cost. consumers and producers both operate based on society’s economic goals. consumers know which goods can be produced at the lowest cost. there is a wide variety of desired goods and services in a market system because producers determine what to produce. consumers change their minds frequently. there is always a need to produce something new and improved. individual wants are diverse. what is produced is ultimately determined by consumers, because if the goods offered are not what consumers want, consumers will not buy them. producers, because they are driven by profits. producers, because they determine what to produce. consumers, because they participate in marketing surveys.