Answer:
The correct answer is: whenever they over- or under-allocate resources to a project.
Explanation:
A government is considered to be wasteful by the economists if it over-allocates or under-allocates resources on a project. Whenever resources are not efficiently or optimally allocated it is considered wasteful.
In case resources are over-allocated, the reason is given that the excess resources could have been used somewhere else.
In case resources are under-allocated, the reason is given that the given resources will not be able to provide the desired output.
Answer: financial aid mostly
Explanation:
Answer:
The standard direct labor rate per hour is 1.3 hours
Explanation:
For computing the standard direct labor rate per hour, we have to use the equation which is shown below:
= Standard production time + allowance for rest periods + setup time
where,
Standard production time is 1 hour per unit
Allowance for rest period is 0.2 hours
Setup time is 0.1 hours
Now put these values to the above formula
So, the answer would be equal to
= 1 hour per unit + 0.2 hours + 0.1 hours
= 1.3 hours
The other information which is given in the question is irrelevant. Thus, it is ignored and therefore, it is not consider in the computation part.
Hence, The standard direct labor rate per hour is 1.3 hours
