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2 years ago

Which player in the economy supplies labor in the factor market?

Business

1 answer:

Travka [436]2 years ago

5 0

The player in the economy which supplies labor in the factor market is the households.

<h3>What is supply of labor?</h3>

This refers to the number of labor who are willing and able to find work in an economy. The supply for labor is also the hours worked by a workers within a time period.

Hence, the player in the economy supplies labor in the factor market is the households.

Learn more about supply of labor here: brainly.com/question/17175566

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1. The state itself has a style of leadership that is somewhat harsh and autocratic.

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The employees in Mexico can either produce 2 cars or 50 bushels of wheat.

This means that the opportunity cost of producing 50 bushels of wheat is 2 cars.

For 1 bushel of wheat therefore;

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The Windshield division of Fast Car Co. makes windshields for use in Fast Car’s Assembly division. The Windshield division incur

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Transfer price is an alternative term of opportunity cost.

$ 289.66 is the transfer price can be utilized for transport costs, loading and unloading costs, and administrative costs

solution

Transfer cost is the Total opportunity cost of moving an item from one place to another, including transport costs, loading and unloading costs, and administrative costs. Transfer price is an alternative term of opportunity cost.

Total variable cost = 740,000× $220 = 162,800,000

Total fixed cost = $3,950,000

Total selling cost = 740,000 × $515 = $381,100,000

Transfer cost = (selling cost - (variable cost + Fixed cost )

= ($381,100,000- ($162,800,000 + $3,950,000) = $214,350,000

$($381,100,000- ($162,800,000 + $3,950,000) = $214,350,000$

Transfer price = $214,350,000 ÷ 740,000 units = $ 289.66

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