Frame Shop wants to know the effect of different inventory costing methods on its financial statements. Inventory and purchases data for are: LOADING...(Click the icon to view the inventory and purchases data.) If Frame Shop uses the FIFO method, the cost of the ending inventory will be

Martha is one producer in the perfectly competitive jelly industry. last year, martha and all of her competitors found themselves earning economic profits. if there is free entry and exit, what do you expect to happen to the number of suppliers in the industry and the price of jelly? the number of suppliers will increase, and the price of jelly will fall. the number of suppliers will decrease, and the price of jelly will increase. the number of suppliers will increase, and the price of jelly will increase. the number of suppliers will decrease, and the price of jelly will fall.