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McGraw-Hill's 500 Macroeconomics Questions
37. Suppose we are told that fewer carton...
Business, 17.02.2022 09:00 genyjoannerubiera
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McGraw-Hill's 500 Macroeconomics Questions
37. Suppose we are told that fewer cartons of cigarettes are being demanded,
regardless of the price of a carton of cigarettes. One explanation for this
trend
may
be that
(A) consumers have a stronger preference for cigarettes
(B) the number of smokers in the market has increased
(C) the cost of producing cigarettes has decreased
(D) the number of firms that produce cigarettes has increased
(E) educational efforts have succeeded in convincing consumers that
cigarettes cause cancer
Answers: 3
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Krier industries has just completed its sales forecasts and its marketing department estimates that the company will sell 43,800 units during the upcoming year. in the past, management has maintained inventories of finished goods at approximately 3 months' sales. however, the estimated inventory at the start of the year of the budget period is only 7,300 units. sales occur evenly throughout the year. what is the estimated production level (units) for the first month of the upcoming budget year?
Answers: 3
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