Commodities are raw Illa copper
, gold and aluminium. They are traded
10 minute
Homework
Activity 6
1. Indicate whether the following statements are true (T) or false (F):
a. The processes of production, exchange and consumption are triggered by human
wants.
of production, raw materials feature under land,​

2. high-glow currently produces 1,000 bicycles per month. the following per unit data apply for sales to regular customers: direct materials $50 direct manufacturing labor 5 variable manufacturing overhead 14 fixed manufacturing overhead 10 total manufacturing costs $79 the plant is experiencing demand shortage and is considering reducing production to 800 bicycles. what is the per unit cost of producing 800 bicycles? a) $79 per unit b) $81.50 per unit c) $74 per unit d) $69 per unit

Discuss how the resource-based view (rbv) of the firm combines the two perspectives of (1) an internal analysis of a firm and (2) an external analysis of its industry and its competitive environment. include comments on the different types of firm resources and how these resources can be used by a firm to build sustainable competitive advantages.

During which of the following phases of the business cycle does the real gdp fall? a. trough b. expansion c. contraction d. peak