Under the principle of lower-of-cost-or-market, when a company has 10 units of inventory a with market value of $50 and a cost of $60, what is the adjustment? -debit inventory $100; credit cost of goods sold $100.-debit inventory $500; credit cost of goods sold $500.-debit cost of goods sold $100; credit inventory $100.-debit cost of goods sold $500; credit inventory $500.

Consider an economy where the government's budget is initially balanced. the production function, consumption function and investment function can be represented as follows y equals k to the power of alpha l to the power of 1 minus alpha end exponent c equals c subscript 0 plus b left parenthesis y minus t right parenthesis i equals i subscript 0 minus d r suppose that taxes increase. what happens to the equilibrium level of output?

Your family business uses a secret recipe to produce salsa and distributes it through both smaller specialty stores and chain supermarkets. the chain supermarkets have been demanding sizable discounts, but you do not want to drop your prices to the specialty stores. true or false: the robinson-patman act limits your ability to offer discounts to the chain supermarkets while leaving the price high for the smaller stores. true false

In some markets, the government regulates the price of utilities so that they are not priced out of range of peoples ability to pay. this is a example a/an