Answer:
Consumer surplus = (60000 - 40000)+ (90000 - 40000)+(40000 - 40000) = $70000
Producer surplus = (40000 - 20000)+(40000 - 30000)+ (40000 - 40000) = $30000
Social surplus = Consumer surplus +Producer Surplus= 70000 + 30000 = $100000
Consumer surplus = (Willingness to pay – Price)
Producer surplus = ( Price –Cost)
Answer:
a.$7.43 per machine hour
Explanation:
The computation of the single plant wide rate is shown below:
Single plant wide rate = Total overhead cost ÷ Machine hours
where,
Total overhead cost = $84,000 + $72,000 = $156,000
And, the machine hours is
= 1,000 units × 5 + 2,000 units × 8
= 5,000 + 16,000
= 21,000 machine hours
So, the single plant wide rate is
= $156,000 ÷ 21,000 machine hours
= $7.43 per machine hour
Answer: (D) Initiating
Explanation:
The Initiating processes is one of the phase in the project management life cycle that is necessary for defining the existing project's main objective, success criteria and also the outcome.
The initiating processes helps in providing the effective information or data that is necessary for the developing the project. It is also refers top the process for obtaining the authorization for the given project.
According to the given question, the initiating processes recognizing all the existing projects and also complete all the project charter as part of recognition process.
Therefore, Option (D) is correct answer.
Answer:
$500
Explanation:
The average cost per seat will be the total cost per plane divided by the seating capacity.
Therefore, the average cost of $50,000 divide by 100 seats
=$50,000/50 seats
=$500
Answer:
Observational study
Explanation:
The appropriate study for a gas station owner who wants to find out whether customers are satisfied with the service they receive or not is "Observational Study."
Given that the Observational study is a type of research study or scientific investigation in which the researcher observes the effect of an action or activities such as risk factors, or outcomes without a direct impact on the intervention from the researcher.
In this case, the satisfaction of customers concerning the services they receive can only be observed by the researcher without influencing the services or how the customers perceived their level of satisfaction.
