Some economists study that higher income rates in massive oligopolies stem from the greater performance bobbing up from economies of scale in these large companies.
Oligopoly traits include high barriers to new entry, fee-setting ability, the interdependence of companies, maximized revenues, product differentiation, and non-charge opposition.
Oligopolies motivate good sized Inefficiencies – to the Detriment of purchasers. part of the cause a few economists are hesitant to simply accept the market electricity explanation is the scarcity of facts that lets in them gauge the intensity of competition among corporations.
A competitive situation in which there are only some dealers (of products that may be differentiated but no longer to any great volume); each vendor has a high percentage of the market and can not afford to ignore the actions of the others.
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Answer:
Total cost= $1,375
Explanation:
Giving the following information:
The budgeted factory overhead last year was $200,000, and there were 40,000 machine hours budgeted.
Job 84:
Direct materials= $900
direct labor hours= 25
Direct labor cost= $350.
First, we need to calculate the manufacturing overhead rate based on direct labor hours:
Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Estimated manufacturing overhead rate= 200,000/40,000= $5 per direct labor hour
Now, we can calculate the total cost:
Total cost= direct material + direct labor + allocated overhead
Total cost= 900 + 350 + 5*25= $1,375
Answer:
A. the FCAC is less than the TBC
Explanation:
If the amount of cumulated actual costs is less than difference between the total budgeted cost and the re-estimate, then the FCAC is less than the TBC
Answer:
A residential property is greatly diminished in value because of the constant noise of jets taking off from a recently expanded municipal airport. In order to be compensated for this loss, the owner could:
B.bring a suit alleging inverse condemnation
Explanation:
A law suit is a claim or legal problem taken to a court of law by an individual or organization rather than the authorities for a legal decision to be made. In the case above, the residential property diminished in value after constant noise of jets taking off from a recently expanded municipal airport. The loss in value is as a result of the recently expanded municipal airport and the property owner wants to be compensated for this loss.
In law, there are different terminologies and phrases that have specific meaning, some of them are as follows;
1. Inverse condemnation
Inverse condemnation is a case where a government entity takes private property or influences the value of that private property in one way or another then fails to compensate. In our case, this law suit can apply since the municipal airport is under the jurisdiction of the government and there action of expanding the airport caused a decline in value of neighboring residential property thus they should compensate the owner for this loss. The owner can bring a suit alleging inverse compensation.
Answer:
The correct answer is letter "D": Flexible workforce.
Explanation:
Postponement manufacturing refers to a production process that delays the delivery of the product to the end-consumer. This is mostly applied by companies whose sales are based on customized orders. Therefore, before the products are sent to their owners they are personalized at their will. This method of work requires a flexible labor force since the wants of consumers from one order to the following.
