The evangeline company makes two products, x and y, from a common input, z. in march, evangeline used 30,000 pounds of z to make 20,000 pounds of x and 10,000 pounds of y. the cost of z was $1.00 per pound and x and y can be sold for $7.50 and $10.00, respectively; evangeline incurred additional processing costs of $30,000 to further process x and $20,000 to further process y. using the net realizable value method, how much of the cost of z should be allocated to x?

Eliza works for a consumer agency educating young people about advertisements. instead of teaching students to carefully read advertisement claims, she encourages them to develop a strong sense of self and to keep their life goals and dreams separate from commercial products. why might eliza's advice make sense?

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.

Rats that received electric shocks were unlikely to develop ulcers if the