What’s the question? Am I missing something?
Answer: Option (D) is correct.
Explanation:
An economic signal is a type of information on a particular good, product or activity which helps people in making economically correct decisions.
All the options are showing economic signal in some way:
(a) There is a fall in the demand for floppy disks and CDs which shows that there is a trend change.
(b) High unemployment rate in U.S will lead to a decision to employ more number of people.
(c) This increases the demand for houses.
(d) There is a indication about the future prices of toilet paper that it will not change much in the future.
When someone acts it the best interest or others, even when it might run counter to the self-interests of the leaders, it refers to the principle of serving others. When you serve others, you put others and what would make them happy before yourself. Serving others is a major part in leading a team or running a business because you are always wanting to make sure everyone else is happy.
Answer:
1. $2,296
2. $19.58
3. Total labor cost = Fixed cost + (variable cost × employee hour)
Explanation:
The computations are shown below:
1. The fixed cost would be
= High labor cost - (High employee hours × Variable rate per hour)
= $10,324 - (410 hours × $19.58)
= $10,324 - $8,028
= $2,296
2. Variable rate per hour = (High labor cost - low labor cost) ÷ (High employee hours - low employee hours)
= ($10,324 - $6,800) ÷ (410 hours - 230 hours)
= $3,524 ÷ 180 hours
= $19.58
3. The cost formula would be
Total labor cost = Fixed cost + (variable cost × employee hour)
= $2,296 + ($19.58 × employee hour)
