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The fair trade logo means that the cost of the product provides a fair living wage for the workers that produced/created the items.
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Answer:
$18,480
Explanation:
Cost of van = $51,000
Useful life = 5 years
Salvage value = $4,800
Using the straight line, Annual depreciation
= (51000 - 4800)/5
= $9,240
Using the Double-declining balance method,
Annual depreciation = 2 × 9,240
= $18,480
A shortage will develop when the market price is below the equilibrium price.
In economics, the equilibrium price is when the quantity of goods supplied are equal to the quantity of goods demanded. There's a shortage when the price is below because there is not enough goods to supply what is demanded of the product.
Answer:
(i) the average time parents wait decreases
(ii) the maximum time the parents wait decreases
(iii) the average number of parents waiting to check in their child decreases
<u>(i), (ii) and (iii) are all correct</u>
Explanation:
The guardians and students sit tight in the line for check-in procedure and afterwards they really check=in. Here, the guardians and youngster are the customer though the staff which is helping the guardians and students are the server. With restricted servers and numerous customers, the line length builds which implies there are more guardians in the line which results into increment in the hanging tight time for each parent and thus the normal holding up time. Further, with longer lines the greatest holding up time is additionally higher.
In this way, by including more staff for check=in, the quantity of customers can be expanded to take into account a similar number of patients. The line gets partitioned into numerous servers which results into each of the 3 advantages.