Explain, with the aid of a graph, the short run equilibrium position of a firm
operating in the monopolistic competitive market structure”.
Use a graph to illustrate and explain the individual supply of labour curve.in your answer describe the forces that determine the form(shape) of the individual supply of labour curve
As at the 1/1/2004 stock of finished goods at market value GHS 4200 (in units 300
transferred at cost plus 20%) during the year unit started were 4000 but completed
units were 3800 and were transferred to warehouse at cost plus 20%. Total direct
cost and total indirect cost on all the 4000 units at production centers were GHS85,
000 and GHS45,000 respectively. Opening stock of work-in-progress was 400
units valued at the factory cost of GHS6, 000, and the value of the work-in-progress
at the close of the year was GHS2000.unit sold during the year was 3300
respectively. You are required to determine the following:
A. Manufacturing profit
i. Total Manufacturing profit realized during the period
ii. Total Manufacturing profit created during the period
iii. Total Manufacturing profit created during the period and realized