Answer: $94,000
Explanation:
At 10,000 units;
total cost = $10,000 × 10
= $100,000
At 20,000 units,
Total cost = 20,000 × 6.5
= $130,000
Variable cost per unit using high low method:
= $3 per unit
Hence,
Total fixed costs = Total cost at 20,000 units - (No. of units × Variable cost per unit)
= $130,000 - (20,000 × 3)
= $70,000
Hence total cost at 8000 units = (No. of units × Variable cost per unit) + Total fixed costs
= (8000 × 3) + 70,000
= $94,000
Answer:
$170
Explanation:
Data provided in the question:
Amount paid to the tax preparers = $44 per hour
Predetermined overhead rate for the firm = $24 per labor hour
Time required by the Jones tax return to complete = 2.5 hours
Now,
Total amount to be paid for 2.5 hours of work = $44 × 2.5
= $110
Total predetermined overhead = 2.5 × $24
= $60
Therefore,
The total cost for the job
= Total amount to be paid for 2.5 hours of work + Total predetermined overhead
= $110 + $60
= $170
Answer: b) lower in long-run equilibrium than in short-run equilibrium.
Explanation:
A self regulating economy will try to move to the long run Equilibrium.
From the graph attached you will notice that the Price Level at the point where the Long Run Curve intersects with the Aggregate Demand curve is lower than the point where the Short Run Supply curve intersects with the same Aggregate Supply.
This means that Prices in the long term at equilibrium will be less than prices in the short term at Equilibrium should the Economy be a self regulating type that will move towards a long term Equilibrium.
Answer:
Suppose a huge increase in credit card frauds leads to many businesses refusing to accept payments by credit cards. As a result, people want to keep more cash on hand, increasing the demand for money. Assume the Fed does not change the money supply. According to the theory of liquidity preference, the interest rate will __increase__ , which causes aggregate demand to__decrease_
If instead the Fed wants to stabilize aggregate demand, it should ___increase__ the money supply by _purchasing__ government bonds.
Explanation:
The economy's aggregate demand will increase as a result of the increased preference for liquidity leads to an increase in consumer spending, thereby increasing the Gross Domestic Product. If the Fed increases the money supply in response to the increased preference for liquidity, it will cause a reduction in interest rates, thereby further increasing consumer spending.
Answer:
Family Style Seating.
Classroom Style Seating.
U-shape / Horse Shoe Style Seating.
Explanation:
