<span>They both must choose how to allocate their resources.</span>
Answer:
Direct material purchase budget for July and August= <u> $10634</u>
Explanation:
T<em>he material purchases budget is determined by adding the the closing stock of materials to the material usage budget and subtracting the opening inventory of materials.</em>
<em>Material purchase budget= Material usage budget + closing inventory - opening inventory</em>
Material budget=
Unit
July = 300×12 = 3600
August = 360 × 12 = <u>4320 </u>
7920
Closing inventory <u>260</u>
8180
cost per unit <u> × $1.30</u>
<u> $10634</u>
Direct material purchase budget for July and August= <u> </u><u>$10634</u>
Answer:
A. Inelastic
B. a less than 10% increase in quantity supplied
Explanation:
A supply is inelastic when a percentage change in quantity supplied is less than percentage change in price.
A supply is inelastic if the price elascitiy is less than 1.
Answer: more
Explanation: When marginal cost is greater than marginal benefit at the current activity level, the decision maker can increase net benefit by decreasing the activity because Answer total benefit will rise by more than total cost will rise.
Answer:
They will have a greater amount of financial income
