People often buy a product because of the they associate with its benefits. a. place b. people c. entities d. emotions

Acompany using the perpetual inventory system purchased inventory worth $540,000 on account with credit terms of 2/15, n/45. defective inventory of $40,000 was returned 2 days later, and the accounts were appropriately adjusted. if the company paid the invoice 20 days later, the journal entry to record the payment would be

In the supply-and-demand schedule shown above, at the lowest price of $50, producers supply music players and consumers demand music players.

Any point on a country's production possibilities frontier represents a combination of two goods that an economy: