Shum Manufacturing, which uses the high-low method, makes a product called Kwan. The company incurs three different cost types (A, B, and C) and has a relevant range of operation between 2,400 units and 10,000 units per month. Per-unit costs at two different activity levels for each cost type are presented below.
Type A Type B Type C Total5,000 units $19 $ 54 $19 $ 926,500 units 19 36 18 73If Shum produces 7,000 units, the total cost would be:
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Ответ:
The market could be considered as efficient is the total products that the sellers supplied in the market is suitable to what the buyers need.
If the commodity is had by both sellers and buyers, there is no need for the buyers to spend money to obtain that commodity, which will lead to market inefficiency.