What is the correct answer in economic terms, a practical approach to maximizing profits requires an examination of how changes in production affect and
a. total revenue; total cost
b. marginal revenue; marginal cost
c. total revenue; marginal cost
d. marginal revenue; total cost

Elliott company produces large quantities of a standardized product. the following information is available for its production activities for march. units costs beginning work in process inventory 2,500 beginning work in process inventory started 25,000 direct materials $ 3,725 ending work in process inventory 5,000 conversion 11,580 $ 15,305 status of ending work in process inventory direct materials added 185,750 materials—percent complete 100 % direct labor added 182,375 conversion—percent complete 30 % overhead applied (140% of direct labor) 255,325 total costs to account for $ 638,755 ending work in process inventory $ 62,530 prepare a process cost summary report for this company, showing costs charged to production, unit cost information, equivalent units of production, cost per eup, and its cost assignment and reconciliation. use the weighted-average method. (round "cost per eup" to 2 decimal places.)

Explain the relationship between consumers and producers in economic growth and activity

What is a potential negative effect of an expansionary policy? decreased borrowing increased interest rates increased inflation decreased available credit