Answer:
D
Explanation:
interest rate per compounding period ; number of compounding periods
Answer and Explanation:
I will go through each and every option explaining the reasons and what option would be the best:
The (a) part says 'difference in wages will eventually disappear since a haircut is a homogeneous good' - This is not true because even though it is an homogeneous product, some customers do have a strong preference for barbers who are not going bald. Therefore, they know their worth and they would want to capitalize on that and get paid just a bit more than bald barbers.
The (b) part says 'barbershops that hire barbers with hair will be able to charge a higher price for a haircut to those consumers who have a strong preference for barbers with hair'. - If the barbershop charges higher price for barbers that have hair then the customers will prefer bald barbers as the questions mentions that there is high competition and since it is an homogeneous, customers would be willing to save money and get their haircut from some other barber.
The (c) part says 'barbershops that hire bald barbers will always be much more profitable' - Not necessarily. The reason is that some customers have a strong preference for barbers who are not bald and therefore, that would help barbershops who have barbers with hair to be a bit more profitable as some additional customers would want their services.
The (d) part says 'barbershops that hire barbers with hair will always be much more profitable' - This is the best option and the reason for it is because some customers have a strong preference for barbers with hair and that would help the barbershop to earn more. They would have the customers who already indifferent to whoever cuts their hair and in addition to that, they would also have the customers who have their preference.
Hence the answer is D.
Answer: A labor force that is more productive
Explanation:
According to the given question, a good productive labor force helps in producing the various types of products and the services in the market and also maintain the economical growth of the country.
The high rates of the economical growth are tends to have a labor force which is more productive as it helps in supplying the finished goods and the services according the demand and the requirement of the customers.
The high productivity helps in increase the economical growth of an organization and also increase the umber of employment in the country.
Therefore, the given answer is correct.
Answer:
True
Explanation:
<em>Equivalent units are notional whole units which represent incomplete work and are used to apportion cost between work progress and completed work. These units are determined as follows:
</em>
Equivalent units = Degree of work done(%) × units of inventory
Equivalent units
<em>Direct material:</em>
Balance of work = 100-80 = 20%
Equivalent of work to be added = 20% × 40,000 = 8,000
<em>Labour</em>
Balance of work = 100-50= 50%
Equivalent of work to be added =50% × 40,000 = 20,000 units
<em>Equivalent of work to be added(units)</em>
Material 8000
Labour 20,000
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