In Vintland, wild-caught oysters are being replaced with farmed oysters, which have fewer negative effects and many more significant benefits. However, the production efficiency of farmed oysters has driven down the price of oysters so significantly that wild-caught oysters can no longer compete. After six months, everybody has switched to the cheaper and better farmed oysters. Please select the choice below that best describes the short-run effects of this industrial change on Vintland's GDP and its standard of living. Assume that Vintland consumes the same quantity of oysters now as they did six months ago. A. GDP increases and standard of living decreases
B. GDP decreases and standard of living increases
C. GDP and standard of living both decrease
D. GDP and standard of living both increase
E. There is not enough information to answer the question

Problem 8-6 cullumber company is a multi product firm. presented below is information concerning one of its products, the hawkeye. date transaction quantity price/cost 1/1 beginning inventory 2,700 $17 2/4 purchase 3,700 26 2/20 sale 4,200 43 4/2 purchase 4,700 33 11/4 sale 3,900 47 calculate average-cost per unit. (round answer to 4 decimal places, e.g. 2.7613.) average-cost per unit $ link to text compute cost of goods sold, assuming cullumber uses: (round average cost per unit to 4 decimal places, e.g. 2.7631 and final answers to 0 decimal places, e.g. 6,548.) cost of goods sold (a) periodic system, fifo cost flow $ (b) perpetual system, fifo cost flow $ (c) periodic system, lifo cost flow $ (d) perpetual system, lifo cost flow $ (e) periodic system, weighted-average cost flow $ (f) perpetual system, moving-average cost flow $ click if you would like to show work for this question: open show work