Discuss why in many countries certain types of education and health care are provided as
private goods and not as merit goods.

Inventory by three methods; cost of goods sold the units of an item available for sale during the year were as follows: jan. 1 inventory 20 units at $1,800 may 15 purchase 31 units at $1,950 aug. 7 purchase 13 units at $2,040 nov. 20 purchase 16 units at $2,100 there are 18 units of the item in the physical inventory at december 31. determine the cost of ending inventory and the cost of goods sold by three methods, presenting your answers in the following form: round your final answers to the nearest dollar. cost inventory method ending inventory cost of goods sold a. first-in, first-out method $ $ b. last-in, first-out method $ $ c. weighted average cost method $ $

When the benefit of one particular use of a resource is greater than the opportunity cost, then that resource is which of the following? a. not scarce b. being used efficiently c. a normal good d. non-excludable

Anew manufacturing technology makes it easier to make the product and causes a shift in the supply curve. what is the new equilibrium point after implementing the new technology? (hint: determine which direction a easier production shifts the supply curve and use that direction to pick the resulting equilibrium point.) $6 and 20,000 $4 and 30,000 $6 and 30,000 $4 and 20,000