Answer:
The estimated total manufacturing overhead is closest to $550,000
Explanation:
Total manufacturing overhead = variable + fixed overhead absorbed
Fixed overhead absorbed = Overhead absorption rate × machine hour
Overhead absorption rate = Estimated overhead/Estimated machine hours
= $440,000/50,000 machine hours
= 8.8 per machine hour
Absorbed fixed overhead = $8.8 × 50,000= $440,000
Absorbed variable overhead= $2.20 × 50,000= $110000
Total manufacturing overhead = $440,000+ 110000
=$550,000
The estimated total manufacturing overhead is closest to $550,000
Answer:
Explanation:
1. If the price of oil were $70.00 per barrel, what would be the free-market price of gas?
The free-market price is defined by the equilibrium point: when the quantity demanded and the quantity supplied are equal.
QS = 15.90 + 0.72PG + 0.05PO
QD = 0.02 – 1.8PG + 0.69PO
15.90 + 0.72PG + 0.05(70.00) = 0.02 – 1.8PG + 0.69(70.00)
19.4 + 0.72 PG= 48.32-1.8PG
PG(0.72+1.8)=48.32-19.4
PG= 28.92/2.52
PG= $11.48
QS=QD= 15.90+0.72(11.48)+0.05(70.00)
QS=QD= 27.66
What would be the deadweight loss if the price of natural gas were regulated to be $4.00? The deadweight loss would be $___ billion. (Round answer to two decimal places)
If PG is $4.00
The quantity supplies will be less than the quantity demanded. The quantity supplied will be the quantity sold in the market.
QS= 15.90+0.72(4)+0.05(70.00)
QS= 22.28
To find the deadweight loss we must evaluate the quantity supplied in the demand curve:
22.28 = 0.02 – 1.8PG + 0.69(70.00)
1.8PG= 48.32-22.28
PG= 26.04/1.8
PG= 14.47
And now we calculate the area shown in the figure attached:
Base: 14.47-4= 10.47
Height: 27.66-22.28= 5.38
Deadweight loss: (10.47*5.38)/2
Deadweight loss: 28.1643
The deadweight loss would be $28.16 billion.
Ratio, I did the same question before.
Answer:
employablee means that your able to apply to get a job i think but im not sure i just need these points lol
Explanation:
This question is incomplete and below is the updated version
Select an answer which correctly completes the following statements.
a. A decrease in real GDP causes a (...) the money demand curve demand curve.
b. An increase in technology which makes it easier to pay for goods and services without carrying lots of cash causes a (...) the money demand curve.
c. A decrease in interest rates causes a (...) the money demand curve.
d. An increase in the aggregate price level causes a (...) the money demand curve.
Answer:
a. A decrease in real GDP causes a (leftward shift of )the money demand curve.
b. An increase in technology which makes it easier to pay for goods and services without carrying lots of cash causes a(leftward shift of)the money demand curve.
c. A decrease in interest rates causes a (movement along)the money demand curve.
d. An increase in the aggregate price level causes a (rightward shift of)the money demand curve.
Explanation:
a. A decrease in real GDP leads to reduction in the demand for money and the contraction of the economy and thus causes a (leftward shift of )the money demand curve.
b. An increase in technology which makes it easier to pay for goods and services without carrying lots of cash leads to a reduction in the desire to hold money and causes a(leftward shift of)the money demand curve.
c. A decrease in interest rates leads to higher desire to hold wealth as there is less incentive to invest or save and this causes a (movement along) the money demand curve.
d. An increase in the aggregate price level causes a greater demand for money and a (rightward shift of)the money demand curve.
