In the keynesian model, it is assumed that, when demand for a firm's product changes, the firm:
a. changes prices to meet the demand.
b. changes production levels to meet the demand.
c. changes prices and production levels to meet demand.
d. changes prices, but holds production levels constant, to meet the demand.

Southeastern bell stocks a certain switch connector at its central warehouse for supplying field service offices. the yearly demand for these connectors is 15,000 units. southeastern estimates its annual holding cost for this item to be $25 per unit. the cost to place and process an order from the supplier is $75. the company operates 300 days per year, and the lead time to receive an order from the supplier is 2 working days.a) find the economic order quantity.b) find the annual holding costs.c) find the annual ordering costs.d) what is the reorder point?

4. the condition requires that only one of the selected criteria be true for a record to be displayed.

The retained earnings account has a credit balance of $24,650 before closing entries are made. if total revenues for the period are $77,700, total expenses are $56,900, and dividends are $13,050, what is the ending balance in the retained earnings account after all closing entries are made?