A) 1,000
The remaining 500 hours can be used to make 1,000 units of DGH (36/18 = 2 units per hour X 500 hours left of the 1,500
B) 4,000
RBG has the highest CM per hour and requires 1,000 hours to meet demand. (60/15 = 4) 4,000/4 = 1,000 1,500-1,000 = 500
To determine the quantity of any activity that will maximize total net benefit, economists employ the "<span>principle of marginal analysis"
Hope this helps!</span>
Answer:
Variable
Explanation:
Given that, Variable is defined as a mathematical term that is often time used in business operation as well, to describe a form of value or cost that is not stable or permanent, which can change over a given period of time.
Hence, in this situation, the correct answer is " a VARIABLE is a measure, such as a price or quantity, that can take on different values at different times.
Answer:
a) the demand curve for Merlot has shifted to the right faster than the supply curve has shifted to the right
Explanation:
As the income of consumers have increased that means that the buying capacity has increased, which contributes to increase in demand of the product.
Further the raw material required to manufacture the product now cost less, accordingly the supply will also be increased.
But the supply would only increase if the producers realize that the demand has increased.
Accordingly, demand shall increase faster than the increase in supply.
Answer:
Speed Wheels and the Insurance Company
The insurance company will pay Speed Wheels $14,200.
Explanation:
a) Data:
Insurance cover = $150,000
Insurance premium = $7,500
Insurance Claim = $14,200
b) The insurance company is expected to restore the insured, Speed Wheels, to its former position before the damage. It can do this by issuing a check to the value of the claim after some verifications. The insurance company will most likely not reject the claim as the amount of damage suffered is within the insurance coverage.
