Answer:
16.9 months
Explanation:
Recovery time = Refinancing cost / Monthly savings
= $2,500 / $148
= 16.9 months
Answer:
Cost of service to provide one haircut is $ 11.04
Explanation:
Hair saloon expense: $500
Building rent expense: $1,458
Utilities expense: $200
Depreciation expense --- Equipment: $50
Total operating cost = Hair saloon expense + Building rent expense + Utilities expense + Depreciation expense
= $500 + $1,458 + $200 + $50
= $ 2,208
Total hair cuts = 200
Therefore, cost per hair cut = Total operating cost ÷ Total hair cuts
= $2,208 ÷ $200
= $ 11.04
The three conditions that must exist in order for a market to be perfectly competitive include: 1. a large number of vendors and customers (buyers and sellers), 2. the vendors must be selling identical products and finally, 3. new vendors must be able to freely enter the market.
Answer:
2 hours of labor
Explanation:
Labor is hired up to a point where the marginal product of labor * Price of the output = wage of the worker.
Thus, 35 * 10 = 350.
35 widgets are produced using 2 hours of labor.
Answer:
3. embedding culture
Explanation:
Based on the scenario being described within the question it can be said that the things that Della wants to do are all examples of embedding culture. This refers to implementing different aspects into an organizations existing culture with the hopes of improving the organization. Such as new values, beliefs and expectations that may help the organization perform better in modern times.
