According to economic theory, if farmers find that large bumper crops lead to declines in their gross incomes this suggests that: the price elasticity of demand for farm products is less than 1. the price elasticity of demand for farm products is greater than 1. farm products are normal goods. farm products are inferior goods.

At which level will a manager use analytics to make decisions? operational level managerial level strategic level all of the above

Which of the following is not an example of one of the four mail advantages of prices on a free market economy

The smelting department of kiner company has the following production and cost data for november. production: beginning work in process 3,700 units that are 100% complete as to materials and 23% complete as to conversion costs; units transferred out 10,500 units; and ending work in process 8,100 units that are 100% complete as to materials and 41% complete as to conversion costs. compute the equivalent units of production for (a) materials and (b) conversion costs for the month of november. materials conversion costs total equivalent units