Answer:
Correct answer is False for economic decision making, when the inputs and outputs are fixed, the criterion to use is minimize the input
Since, both input and output are fixed, the input can’t be decreased. Each of them has to be fixed in directive to vary the association among them. (It can be fixed contribution, or fixed production or neither one of them is fixed)
Answer:
could likely result in a notable loss of sales to competitors
Explanation:
In the case of the perfect competitive market wheen the price of the firm is increased from $179 to $199 as compared to the prevailing market price so this means that there should be the loss with respect to the sales for the competitors or rivalrs as this would result the firm to lose its overall shares to its rivalry
Therefore the above statement should be considered true
Answer:
$21.42
Explanation:
The computation of fixed component in the predetermined overhead rate is shown below:-
Fixed component in the predetermined overhead rate = Fixed Overhead ÷ Machine Hours
= $87,822 ÷ 4,100
= $21.42
Therefore for computing the fixed component in the predetermined overhead rate we simply divide the fixed overhead by machine hours.
And all the other information i.e given is not relevant. Hence, ignored it
