The company must: hike the factor prices to hire additional employees, a monopolist's marginal factor cost curve is above its labor supply curve.
<h3>What is a marginal factor
cost?</h3>
Marginal factor cost is the increment in the additional factor of production that leads to the increase in the one-unit amount.
It is showed in unit like the labor has worked ten per unit in the given period of time.
Thus, its labor supply curve.
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Answer:
d.
- Equipment $ 615,000
- Accumulated Depreciation $110,000
- Equipment $465,000
- Cash $40,000
Explanation:
IMPORTANT NOTE: The data of the calculation was obtained from an online research because you didn't post the complete exercise and questions.
Answer:
All of these is true.
Explanation:
In the long run, the real GDP moves to potential level. It is because in the long run when the price level increases, the price of factor inputs increases as well.
The economy can produce reach natural rate of employment and potential output at any price level. Increase in price does not cause the output to increase in the long run.
Improvement in the state of technology or increase in available resources causes the output level to increase.
Cyclical unemployment will not exist in the long run, only natural unemployment will exist. All the available resources will be fully employed in the long run.
Answer:
b. $23,350
Explanation:
The computation of final balance in fatal work-in-process inventory is presented with the help of spreadsheet as attached below:-
The formula is presented below:-
Amount of Over-allocated Overheads = Percentage of overhead applied × Over-allocated Overheads
Account Balance after = Account Balance before - Amount of Over-allocated Overheads
Therefore the correct answer is b. that is $23,350
