When you have a monopoly you have a product or service on the market with no competition. On the flip side, in a pure or perfect competition there are various competitors selling the same product or service as you. The main difference between these two are that a monopoly involves no competition at all while a pure competition involves a high level of competition. (the first choice)
The second choice is incorrect because it is harder to establish a product in a pure competition market because you are competing with other companies.
The third choice is incorrect because a monopoly refers to a company with a product or service and no competition whereas a pure competition refers to one with the same products or services.
The forth choice is incorrect because they can be present in various economy structures.
Answer:
Explanation:
1. Calculate the efficiency variance for variable overhead setup costs.
This will be calculated as:
= Standard Hours - Actual Hours) × Standard rate
= (15000/225 × 5.25 - 15000/250 × 5) × 38
= (350 - 300) × 38
= 50 × 38
= 1900 Favourable
2) Calculate the rate variance for variable overhead setup costs.
This will be:
= Standard rate- Actual rate) × Actual Hour
= (38-40) × (15000/250 × 5)
= -2 × 300
= -600 Unfavourable
3) Calculate the flexible-budget spending variance for variable overhead setup costs.
This will be the difference between the standard cost and the actual cost. This will be:
= (15000/225×5.25 ×38) - (15000/250×5 ×40)
= 13300 - 12000
= 1300 Favourable
4) Calculate the spending variance for fixed setup overhead costs.
what formular did you use.
This will be:
= Standard Cost - Actual Cost
= 9975-12000
= -2025 Unfavorable
Answer:
E. A and C.
Explanation:
Hill Burton passed a bill in the U.S legislation regarding the construction of new hospitals, providing nursing homes and other health care facilities. These facilities were financed by the loans and grants. There was oversupply of beds and hospitals in the U.S which was mainly due to excess focus on advent of managed care.
if there were no crowding out, an increase in government spending would increase GDP by $100 billion. if there had been partial crowding out, however, then GDP would have increased by less than $100 billion.
When there is crowding out, most of the money is spent on paying the interest, and finally, less investment can be made in the production. This reduces the improvement in the GDP. Thus, GDP growth will be less than $100.
For example, the government is investing $10 billion and without crowding out, the entire amount is invested. So, a $100 billion GDP increase can be achieved,
In case of crowding out, $0.5 billion is paid on interest and only $9.5 billion can be invested and the GDP increase would be $95 which is lesser than $100 billion.
Learn more about GDP here
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Answer:
Approximate rate of return will be 9 %
Explanation:
We have given a stock is purchased on January 1 of cost $4.35
And sold at the same year on December 31
We have to find the rate of return
Rate of return will be equal to = 9%
So approximate rate of return will be 9 %