If government regulators set price such that a natural monopolist earns only normal profits, price will be set equal to average total cost.
What is Average Total CostAverage total cost or average total cost is the cost per unit of the number of products made. This information is integral to making any decisions regarding product pricing. Products must be priced above the average total cost for the company to be profitable.
Average total cost includes fixed costs and variable costs. Fixed costs are costs that are necessary for production but do not change based on the number of products a company produces.
The formula for calculating average total cost is:
(Total fixed costs + total variable costs) / number of units produced = average total cost
How to Calculate Average Total CostAverage total cost is calculated by dividing the total cost of production by the number of units produced. Follow these five steps to calculate average total cost:
1. Identify fixed costs
First, using your profit and loss account, identify your total fixed costs. This can include things like rent, equipment costs, insurance, wages and utilities.
2. Determine variable costs
Next, identify all of your variable costs. These can be things like the cost of raw materials, direct labor, sales commissions and shipping or delivery costs.
3. Calculate the total cost of production
Next, you will calculate the total cost of production by adding up the total fixed costs and variable costs. This is represented in the equation as:
(Total fixed costs + total variable costs)
4. Determine the number of units
Next, you need to determine the number of units that have been produced.
5. Calculate the average total cost
Finally, you will determine average total cost by dividing total manufacturing costs (the amount you identified in step three) by the number of units your company produces (the amount you determined in step four).
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What is a unique feature of your product or service? a pharmacy
Explanation:
u do D farma if yes its helpfull for u
you are considering whether to enter a holiday lights display contest that pays $1,000 to the winner. state whether each of the following constitutes private costs, private benefits, external costs, or external benefits.
Increased traffic congestion and difficulty parking is external cost. Increased electric bill is private cost. Winning the holiday contest is a private benefit.
Private costs are the expenses that the producer bears alone. In this case, the only party who would see an increase in their electricity cost is the contestant. Contrarily, a private benefit is a benefit that only the buyer or seller in a transaction receives, thus only those who take part in the competition will be eligible to win.
The profit resulting from a transaction for parties other than the buyer and seller is an external benefit. In the given case, as an example, everyone is welcome to appreciate the splendour of the lights. The cost of a transaction that is borne by parties other than the buyer and seller is referred to as the external cost. Thus, Increased traffic congestion and difficulty parking on your street are external costs.
Complete Question
You are considering whether to enter a holiday lights display contest that pays $1,000 to the winner. State whether each ofthe following constitutes private costs, private benefits, external costs, or external benefits- Check all that apply.
a. Increased traffic congestion and difficulty parking on your street.
b. Increased electric bill from the holiday lights.
c Winning the holiday fights display contest
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a situation in which a benefit or a cost associated with an economic activity spills over to third parties is called
a situation in which a benefit or a cost associated with an economic activity spills over to third parties is called spillover or posiive externalities.
Nevertheless, sometimes charges or benefit may be handed onto a party that wasn't a full stakeholder in the process. Externalities are the labels for such profits and expenditures of spillover. Whenever a cost spills over, it results in a negative externality. When a benefit spreads, a positive externality emerges. Spillover alludes to an externality that expands from outside domain of the law for example from where it originates. For examples, contamination is an externality since its causes do not completely bear the costs associated with their social and environmental impacts. Positive externalities, or spillover benefits, are those that are external to the transaction's participants and raise the utility of impacted third parties.
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Which of the following is NOT a box in the Pivot Table Fields List? Column Labels Report Filter Values Formulas
Option b. Formulas are the correct answer. Formulas are not part of the pivot table. It is present in the formula section of the sheet.
Option a.
Column labels are present in the Pivot tables to list all the column names in the sheet.
Hence, this option is incorrect.
Option b.
Formulas are not part of the pivot table. It is present in the formula section of the sheet.
Hence, this option is correct.
Option c.
Report Filters are present in the Pivot tables to filter the content of the sheet.
Hence, this option is incorrect
Option d.
Values are present in the Pivot tables corresponding to each row.
Hence, this option is incorrect.
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in an effort to increase profits, hunan kitchen is attempting to appeal to a specific segment of the market by offering an all-you-can-eat buffet. these efforts, designed to identify specific groups that can be profitably served, represent an example of
Answer:
Hunan Kitchen is seeking to appeal to a certain market segment by providing an all-you-can-eat buffet in an effort to boost profitability. These actions are an illustration of target marketing because they aim to discover particular populations that may be economically supplied.
Explanation:
Target marketing, as the name suggests, is the process by which an organisation focuses on a specific chosen market segment, be it demographic, gender, etc., to provide them with its goods or services.
Typically, it focuses all of its marketing efforts on one specific market in order to appeal to that customer base.
With the proper demands being met for clients, businesses can increase sales and profitability by using target marketing.
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which is a question to address when configuring the communication strategy of the marketing mix for a product?
Are rebates, coupons, and other sale offers a widespread activity to motivate customers in the international market segments targeted to buy a company's products.
Retrospectively paid amounts that are reduced, returned, or refunded are known as rebates and are a type of buying discount. It is a form of sales promotion that marketers mostly employ as incentives or additions to product sales. In order to persuade consumers who are price-conscious to buy a product, rebates are also employed. The most frequent is a mail-in rebate (MIR). A MIR gives the purchaser the right to send in a coupon, receipt, and barcode in exchange for a check for a specific amount, depending on the specific product, the time, and frequently the location of purchase. The store or the product's maker may provide rebates.
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Describe the characteristics of three technology-based business models.
In a digital economy, firms can create, deliver, and capture value through the use of digital business models. To do this, digital business models employ a variety of digital technologies in the development of their goods.
Enlist the characteristics of technology-based business models.Enlisted below are characteristics of technology-based business model :
The distinction between digital offerings and digital business models is frequently unclear. Generally speaking, a digital offering is only an addition to already-existing services or goods, such as an app for your product, a chatbot for customer support, or a user interface for the product. On the other hand, there are several traits that enable digital business models stand apart from digital products.
1. The value is produced using digital technologies, number one.
One clear sign of a digital business model is when the given service's value proposition is (exclusively) based on digital technologies. Without the Internet, businesses would not exist.
2. Digital business models are a recent development.
The distinction between digital business models and digital services is among the best examples. It is a digital service provided by your power provider when you may view your energy consumption using an app. This is a digital business model when you request transportation through an app that connects you with a driver.
3. Digital customer distribution and snagging
You need to use digital channels in order to subscribe to a service and use it. Sometimes, only using digital channels, digital business models are used. For business models that depend on early onboarding (Freemium Model) or on marketplaces, this is extremely crucial (e.g. Amazon puts advertisements when you search online).
4. USP is produced electronically
A digital business model can be identified by the customer's willingness to pay for your online-generated services and offerings because this indicates that the consumer value can be created digitally and then monetized.
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common stockholders do not possess the right to a share of the assets of a corporation on dissolution true false
"Common stockholders do not possess the right to a share of the assets of a corporation on dissolution." This statement is True.
A stockholder is likewise known as a shareholder of an enterprise or a man or woman that owns at least one proportion of a company's capital stock. Stockholders are on the whole the proprietor of the enterprise and normally gather the enterprise's accomplishment in the form of multiplied stock valuation. a person who owns shares in a agency and consequently gets a part of the employer's earnings and the right to vote on how the company is managed: Stockholders will be balloting on the proposed merger of the agency's subsequent week. clever Vocabulary: associated phrases and terms.
A member is one of the organization's proprietors whose call has been entered at the sign-up of members. members delegate sure powers to the corporation's administrators to run the organization on their behalf. what's a shareholder? A shareholder is someone who buys and holds stocks in a organization having a share capital.
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for which corporate strategy(ies) should supply chain inventory be minimized? low cost and response differentiation response low cost low cost and differentiation
For a low cost and differentiation corporate strategy should supply chain inventory be minimized. The correct option is D.
What is corporate strategy?A corporate strategy, when clearly defined, will work to establish the overall value of a business, set strategic goals, and motivate employees to achieve them. It is a continuous process that must be carefully tailored to respond appropriately to changing market conditions.
The corporate strategy of a company may be to focus on sales, growth, or leadership.
Supply chain inventory be minimized for a low cost and differentiation corporate strategy.
Thus, the correct option is D.
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tanya received a $1,000 loan from the bank for a vacation. the bank is using the simple interest formula for this one-year, 7 percent loan. what is her total interest? a. $7 b. $35 c. $70 d. $350 e. $1,007
Tanya borrows $1,000 from the bank to pay for her vacation. For this one-year loan at 7% interest, the bank employs a straightforward interest formula. She has a $70 interest balance.
The total amount of interest is calculated by adding together the periodic interest payments; this figure is then divided by the loan balance to produce a percentage. The estimate is predicated on you making all of your payments on time. Additionally, the computation makes the assumption that you'll maintain the loan for its whole period.
Interest calculation formula using the Simple Interest Method.
Interest = P * R * T
Where,
P = Principal Loan Amount = $1000
R = Interest Rate = 9%
T = Term = 1 year
Interest = P * R * T
= $1000 * 7% * 1
= $70
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the maximum effect on real gdp of a $100 million increase in government purchases of goods and services will be?
The greatest change in GDP is obtained by multiplying the original change in expenditure by the spending multiplier (5 x $1000 = $5000).
With an MPC of, the first $1000 increase in the government expenditure can boost GDP by a maximum of $5000. Note that the multiplier also functions in reverse. Short-term pressures on GDP include an increase in government spending and a shortfall in tax revenue. Thus, the highest GDP growth would result from a rise in government spending along with a reduction in taxes. Based on 125 countries, the average for 2021 was 68.16 the trillion US dollars.
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a __________allows you to invest your money with a set interest rate for a pre-set period of time.
A Certificate of Deposit allows you to invest your money with a set interest rate for a pre-set period of time.
investment is the dedication of money to purchase of an asset to reap an increase in value over a time frame. funding requires a sacrifice of some gift asset, including time, money, or effort. In finance, the cause of making an investment is to generate a go back from the invested asset. The return can also consist of a gain (earnings) or a loss realized from the sale of a assets or an investment, unrealized capital appreciation (or depreciation), or funding income inclusive of dividends, hobby, or condo income, or a mixture of capital benefit and profits. The return might also encompass forex gains or losses because of adjustments in the overseas foreign exchange charges.
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look at the stock performance for nike. describe the trend in nike stock prices over the last year. what about the last 5 years?
The stock performance for Nike in the last 5 years is given below
On November 5, 2021, the closing price of NIKE stock reached an all-time high of 175.30. 52.8% more than the current share price, at 171.19, is the NIKE 52-week high stock price. The 52-week low stock price for NIKE is 82.22, which is 26.6% less than the price of the stock today. The last 52 weeks have seen an average NIKE stock price of 119.19.What opinions do analysts have on the NIKE stock?Nike Inc. price targets from the 32 analysts that provide 12-month price projections have a median target of 110.00, a high estimate of 185.00, and a low estimate of 77.00. From the most recent price of 111.04, the median estimate reflects a decline of -0.94%.
Therefore, the revenue for NIKE increased by 2.07% over the prior year to $47.149B for the full year ended August 31, 2022. The company's annual sales for 2022 was $46.71 billion, up 4.88% from 2021.
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in a consolidated statements workpaper for dates after acquisition, which items are carried forward from one section to another?
The presentation of a consolidated financial statement is accurate in this sense. A financial statement of a business with numerous divisions or subsidiaries is known as a consolidated financial statement.
The reporting of an entity with a parent company and subsidiaries would therefore be combined in this statement. The goodwill's value must not change unless it is impacted by the sale of a business unit that was founded using the goodwill.Jenkins's receivable and Lambert's loan payable are intra-entity accounts.
These reciprocal balances are offset during consolidation. The $100,000 is not reported in consolidation financial statements since it is neither a debt to nor a receivable from an unrelated (or outside) party. Any interest income or expense incurred as a result of this loan is intra-entity in nature and must be erased as well.
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norris has a deductible of $1,000. he damages his car in.- How much does Norris have to pay?- How much does his insurance pay?
Norris have to pay $1,000 and his insurance pay is $3,300. When a claim is made, the insured is required to pay a deductible before the insurance provider will cover the remaining costs.
For many years, deductibles have been a crucial component of the insurance contract. Getting the most out of your insurance coverage requires an understanding of the function deductibles play when insuring a car or a house. For many years, deductibles have been a crucial component of the insurance contract. Getting the most out of your insurance coverage requires an understanding of the function deductibles play when insuring a car or a house. Generally speaking, you pay less in premiums for an insurance coverage the higher the deductible is. A deductible can be a set monetary sum or a percentage of the entire insurance coverage provided by a policy.
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a contract is essentially an agreement that creates an obligation. group of answer choices true false
A contract is essentially an agreement that creates an obligation is true.
A legally enforceable agreement between two or more parties known as a contract establishes, clarifies, and regulates the parties' respective rights and obligations.
The transfer of commodities, services, money, or a promise to transfer any of those at a later time are common components of contracts. The damaged party may seek legal remedies like damages or rescission in the event of a contract breach. Agreements must be kept, which is the foundation of contract law, a branch of the law of obligations that deals with contracts.
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if a financial manager with interest liability on a future date were to sell futures and interest rates end up going down, the position outcome would be: a) futures price falls; short earns a profit. b) futures price rises; short earns a loss. c) future price falls; long earns a loss. d) futures price rises; long earns a profit. group of answer choices a b c d
The position outcome would be futures interest rate falls; short earns a profit. A person who deposits money in a bank or other financial institution also earns additional income in terms of the recipient, known as interest, taking into account the time value of money.
Various hedging techniques can also help to reduce the interest rate risk. The acquisition of various derivatives is usually part of these tactics. Interest rate swaps, options, futures, and forward rate agreements are some of the most popular types (FRAs). A bank can control its exposure to interest rate risk in one of two ways: either by financial institution the maturities and re-pricing terms of its assets and liabilities, or by engaging in derivatives transactions.
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If an entity can exist apart from one or more related entities, it is said to be ____-independent. Select one: a. existence b. business c. weak d. relationship.
If an entity can exist apart from one or more related entities, it is said to be existence independent.
What is existence independent?Simply put, it is a feature of an entity that makes it possible to operate independently of one or more related entities.
In science, a substance can be said to be independent of outside support if it can exist on its own. In chemistry, a molecule is the tiniest component of an element or compound that is capable of independent existence.
In conclusion, It is the ability of an organism to survive without relying on anything. That is, they perform essential life functions on their own. Unicellular organisms are an example. As a result, a cell is regarded as the fundamental unit of life.
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sand explorers corp. incurred cost of 17.1 million for the rights to extract resources from a natural gas deposit. sand explorers expects to extract 9.0 million cubic feet of natural gas during a six-year period. natural gas extracted during years 1 and 2 were 88000 and 16200000 cubic feet, respectively. what was the total depletion for year 1 and year 2, assume the company uses the units-of-production methdo?
The total depletion for year 1 and year 2 using units-of-production method is $1,67,200 and $30,780,000
The calculation is given below:
Consumption cost per cubic foot would be
= Complete expense ÷ All out cubic feet
= $17.1million ÷ 9.0 million
= $1.9per cubic foot
Presently
Exhaustion for year 1
= Number of cubic feet extricated × Exhaustion per cubic feet
= 88000 × $1.9125
= $1,67,200
Also, for the exhaustion for year 2
=$16,200,000 × $1.9
= $30,780,000
Hence total depletion for first an second year is $1,67,200 and $30,780,000.
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a zero-coupon bond with a par value of $1,000 has a current market value of $597. if the bond has 6 years to maturtiy, what is its current yield?
If a zero-coupon bond with a par value of $1,000 has a current market value of $597. if the bond has 6 years to maturity, the current yield is 0.00%.
What Do Bonds Mean?Bonds are financial securities in which a buyer lends money for a predetermined duration to a business or the government in return for periodical interest payments. The bond's issuer will give the investor their money back when the bond matures.
How does bond function?When they need to raise money, businesses and governments issue bonds. By purchasing a bond, you are effectively lending the issuer money, and in return they pledge to repay you the face amount of the debt on a particular date as well as make periodic interest payments to you along the way, typically twice a year.
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_____ is/are designed to uncover basic facts and gain initial insight on trends
As a method for design research, trend analysis involves gathering information from and about users. After that, this data is looked at to find a trend and further looked at to see how it has changed over time.
What methods are utilized to delve deeper into the issue and discover patterns in opinions and thoughts?
In addition, qualitative research is used to delve deeper into the issue and discover patterns of thought and opinion. Unstructured or semi-structured methods are used in a variety of qualitative data collection methods. Participation/observations, focus groups (group discussions), and individual interviews are all common methods.
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g which of the following is not a store of value? a. gold. b. dollar bills. c. coins. d. credit card.
Credit cards are not used to store value in the economy. Thus correct option (d).
Any good or asset that typically retains its worth over time serves as a store of value. It serves the purpose of being able to be preserved, recovered, and exchanged at a later time, and to perform predictably when retrieved.
In the modern era, money, currency, or a commodity like a precious metal or financial capital have been the most prevalent stores of value. Due to a consistent demand for the underlying asset, risk management is the goal of every store of value.
An item that retains worth rather than losing it is referred to as a store of value. Due to their practically endless shelf life, gold and other precious metals are excellent value stores.
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To be sure your investment earnings benefit from compounding, what should you do first?
To be sure your investment earnings benefit from compounding, first, you should do is to sign up for an automatic reinvestment plan.
Compounding refers to a powerful investing concept that contains earning returns on both the original investment and on returns received previously. In order to make compounding work, it is required to reinvest returns back into the account. Thus, compounding can be constructed as interest on interest, the effect of which is to benefit returns to interest over time.
Compounding makes money grow faster since interest is calculated on the accumulated interest over time and on the original principal.
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accounting is the process of collecting, recording, classifying, summarizing, reporting, and analyzing the financial condition of an organization. t or f
The collection, recording, classification, summarization, reporting, and analysis of an organization's financial condition are all part of accounting.
The accounting cycle is a five-step procedure that transforms raw financial data into a transaction's summary in financial statements.
Is the most common way of recording summing up and revealing the monetary exchanges of an association?
The process of recording, summarizing, and reporting on a company's business transactions through financial statements is known as financial accounting. These assertions are: the statement of retained earnings, the balance sheet, the cash flow statement, and the income statement.
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The governor of Virginia works as part of the local government
True or False
The governor of Virgi works as part of the local government, is the true statement.
What is local government of Virgi?The main local governing bodies in Virgi are the county and the independent city. Similar to other states, Virgi's local government is almost entirely overseen by state law and the state constitution. Unlike other states, Virgi does not divide its cities into counties.
The governor is required to see that the laws of the Commonwealth are faithfully implemented before signing or vetoing a bill. They are in responsible of protecting state security as the commander of the Virgi Militia.
Thus, is the true statement.
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to restore public confidence in the banking system, wilson supported the establishment of a
To restore public confidence in the banking system, Wilson supported the establishment of a Federal Reserve System.
What exactly is the Federal Reserve System?The United States' central bank is the Federal Reserve System, also known as the Federal Reserve or simply "the Fed." It was established by the Congress to give the country a much more secure, adaptive, and stable financial and monetary system.
Why does the Federal Reserve have such a stronghold?The Fed affects the economy and Americans' financial lives by monitoring the country's banks and setting interest rates. It doesn't contact with people directly, but it makes sure customers can deposit checks, use debit cards, and transfer money reliably and safely.
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In a rural town of york springs, there was only one grocery store and just one gas station. How would you describe these businesses? active competitors competitive companies monopolies price-controlling oligopolies.
In an oligopoly, a couple of venders supply a sizable piece of items on the lookout. They have some control over the price, but due to the similarity of their products.
when one company lowers its prices, others follow suit. There is only one seller on the market in a monopoly.
How would you compare a competitive market to a monopoly?
A monopolistic market is one in which one company controls the entire market and sets the price and supply levels of goods and services. A perfectly competitive market, in contrast to a monopolistic market, is made up of numerous businesses and does not have market control.
What are the four kinds of market structures or competition?
There are four types of economic market structures: oligopoly, monopoly, perfect competition, and monopolistic competition. The classifications vary due to the accompanying attributes: In perfect and monopolistic competition, there are many producers, while there are few in oligopoly and one in monopoly.
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simulation of maintenance problems can help management analyze various staffing strategies based on machine downtime and labor cost. true false
Maintenance problem simulation can assist management in analyzing various staffing strategies based on machine downtime and labor cost. This assertion is True.
Maintenance workforce oscillations can be obtained using maintenance staffing simulation. Management can use simulation techniques to analyze staffing strategies.
Rapid repair of unexpected breakdowns of facility system components is a critical demand that is highly conducive to user convenience and system longevity. A key decision in this regard is the determination of maintenance staffing, particularly the number of maintenance crews.
Simulation techniques involve sampling the input and characterizing the uncertainty in the output. This is especially true for the crude Monte Carlo method, which is well suited to characterizing events with associated probabilities that are not too low in relation to the simulation budget.
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which production system is smith-kline beecham using when it combines calcium carbonate, simethicone, corn syrup, and other ingredients to make tums plus?
Smith-Kline Beecham is using a batch production system when combining calcium carbonate, simethicone, corn syrup, and other ingredients to make Tums Plus. In this production system, each batch of Tums Plus is produced with a fixed recipe and ingredients.
The production process is done in a cycle, with each ingredient being added and mixed in a specific order. After all of the ingredients have been added and mixed, the batch is then packaged and shipped to retailers. The batch production system is an efficient and cost effective way to produce Tums Plus, as it allows Smith-Kline Beecham to produce multiple batches of the same product quickly and reliably.
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In order to avoid double counting, statisticians just count the final goods and services final inventories Intermediate goods and services durable goods and nondurable poods
In order to avoid double counting, statisticians just count the a. final goods and services.
What is double counting in Economics?Double counting is an error that occurs when a total is obtained by summing the value of a nation's goods more than once. For example, when adding the value of output to the GDP more than once. To avoid this, in calculating GDP, only the final production of goods and services should be counted, not the production of intermediate goods.
A simple definition of double counting is an error in accounting when something is counted more than once.
Your question is incomplete, but most probably your full question was:
In order to avoid double counting, statisticians just count the ___________.
a. final goods and services.
b. final inventories.
c. intermediate goods and services.
d. durable goods and non-durable goods.
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