Answer:
Following are the solution to the given question:
Explanation:
Please find the graph image in th e attachment file.
In the question, it increases the manufacturing prices, which raises the corporation's expenditures, which increases the material production, mostly as a result of a decline in business production of materials, which will cause the aggregate demand through S to S' to be moved to the left.
Answer:
The correct answer is: legal barriers.
Explanation:
A monopoly is a market structure where there is only a single firm, there is a restriction on the entry of firms. This gives firms a certain degree of market power.
The monopolies are able to retain their market power through restrictions on the entry of other potential firms. These restrictions are of different types such as exclusive ownership of a resource, legal barriers, increasing returns to scale.
In this particular scenario of patents, the barrier to entry is a legal barrier. The other potential firms are legally restricted to enter the market as they do not hold a patent.
A policy owner can use his/her life insurance policy as the collateral if an application for a bank loan requires collateral. The bank would make the collateral assignment for the loan contract. This situation means that bank will hold the policy owner's life insurance policy as the collateral for the loan<span>.</span>
Answer:
Overhead Rate based on:
Direct labor hours: $12.5 per labor hour
Direct labor expense: 50% of labor cost e.g. $0.5 for every dollar of labor cost
Machine hours: $7.5 per machine hour
Explanation:
Overhead rate is calculated by dividing the total estimated manufacturing overhead to the relevant activity base selected e.g. machine hours, labor hours, labor cost etc.
Overhead rates are calculated for different bases are as follows:
Direct labor hours: $750,000 / 60,000 = $12.5 per hour
Direct labor Expense: $750,000 / 1,500,00 = 50% ($0.5 for every dollar cost of direct labor)
Machine hours: $750,000 / 100,000 = $7.5 per machine hour.
<h3>Question:</h3>
List 3 characteristics of a mixed economy system.
Answer:
♦A mixed economy has three of the following characteristics of a market economy.
<h3> </h3><h3>♦First, it protects private property. </h3><h3>♦Second, it allows the free market and the laws of supply and demand to determine prices. </h3><h3>♦Third, it is driven by the motivation of the self-interest of individuals.</h3>
Explanation:
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