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3 years ago

Conversion and direct materials are generally both added at the end of the production process. true or false

1 answer:

6 0

This statement is false.
Conversion and direct materials are generally both not added at the end of the production process. As a matter of fact, they are either added at the beginning, or in the middle of the process, but definitely not at the end because then it would be too late.

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For each example, determine how the market for the good in bolded text will respond to the described change. Due to increases in

crimeas [40]

Answer:

Explanation:

According to the law of demand,a rise in price leads to a decrease in quantity demanded and a fall in price leads to an increase in quantity demanded.

1.The price of a gallon of 2% milk has risen, therefore, quantity demanded decreases.

2.The price of laser tag has fallen,therefore,quantity demanded increases.

3.The price of dressers and desks has risen,therefore,quantity demanded decreases.

4.The price of pork shoulder has fallen from $3.99 per pound to $1.99 per pound,therefore,quantity demanded increases.

5.Another MP3 album comes free,with purchase of an MP3 album .This means the supplier have effectively halved the price.therefore,quantity demanded increases.

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4 years ago

Jose Suarez has been hired as sales manager at a new firm and is trying to come up with a sales force compensation method. He wo

Tomtit [17]

Answer:

straight commission

Explanation:

Straight commission refers to the commission in which only a sales percentage could be given in terms of commission no extra payment, no salary is given. The percentage could be based on the performance of the salesperson i.e how much sales he sold so according to that the percentage is given

Therefore the given situation represents the straight commission method

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3 years ago

Consider two firms that compete in Cournot oligopoly. They face inverse demand p(Q) = 120−Q where Q = q1 +q2 is the sum of the t

coldgirl [10]

Answer:

Detailed step=wise solution is given below:

Explanation:

P = 120 - Q = 120 - q1 - q2

MC1 = MC2 = 60

For Firm 1, Total revenue (TR1) = P x q1 = 120q1 - q12 - q1q2

Marginal revenue (MR1) = \partial TR1 / \partial q1 = 120 - 2q1 - q2

Equating MR1 and MC1,

120 - 2q1 - q2 = 60

2q1 + q2 = 60 ............(1) (Best response, Firm 1)

For Firm 2, Total revenue (TR2) = P x q2 = 120q2 - q1q2 - q22

Marginal revenue (MR2) = \partial TR2 / \partial Q2 = 120 - q1 - 2q2

Equating MR2 and MC2,

120 - q1 - 2q2 = 60

q1 + 2Q2 = 60 ............(2) (Best response, Firm 2)

Cournot equilibrium is obtained by solving (1) and (2)

2q1 + q2 = 60 ..............(1)

(2) x 2 results in:

2q1 + 4q2 = 120.............(3)

(3) - (1) results in: 3q2 = 60

q2 = 20

q1 = 60 - 2q2 [From (2)] = 60 - (2 x 20) = 60 - 40 = 20

Q = 20 + 20 = 40

P = 120 - 40 = 80

Market share, firm 1 = q1 / Q = 20 / 40 = 0.5 = 50%

Market share, firm 2 = q2 / Q = 20 / 40 = 0.5 = 50%

(b) HHI Index = (50)2 + (50)2 = 2,500 + 2,500 = 5,000

P = 120 - Q

TR = P x Q = 120Q - Q2

MR = dTR / dQ = 120 - 2Q

Equating MR & MC,

120 - 2Q = 60

2Q = 60

Q = 30

P = 120 - 30 = 90

In a monopoly, HHI = 10,000

Change in HHI = 10,000 - 5,000 = 5,000 (Increase)

(d) When MC = 30, equating MR & MC:

120 - 2Q = 30

2Q = 90

Q = 45

P = 120 - 45 = 75

In a monopoly, HHI = 10,000

Change in HHI = 10,000 - 5,000 = 5,000 (Increase)

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3 years ago

Pool Perfection provided pool maintenance services worth $1,600 during July; in June, the customers had paid in advance for thes

arlik [135]

Answer:

$1,600

Explanation:

It is important to note that the company uses accrual basis accounting. The Service Revenue account should be credited for $1,600

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3 years ago

during the great recession, the united states congress increased the length of time that unemployment benefits could be received

Natali5045456 [20]

One of the important laws passed by Congress during the Great Recession to combat the rising rate of unemployment was to lengthen the term of unemployment insurance (UI). Prior to the recession, all states save for two offered a maximum of 26 weeks of benefits. However, most states only went as long as 99 weeks during the recession.

The Great Recession is an economic recession that began in the United States as a result of the financial crisis of 2007–2008 and extended fast to other nations. It was the longest and most severe economic Recession to hit several nations, including the United States, since the Great Depression, starting in late 2007 and extending until mid-2009 (1929–c. 1939).

The collapse of the U.S. housing bubble in 2007 marked the start of the financial crisis, which saw a dramatic reduction in liquidity in international financial markets.

To know more about Great Recession, refer:

brainly.com/question/18723488

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1 year ago