Being dependent on multiple things
Answer:
Predetermined manufacturing overhead rate= $1.6016 per direct labor hour
Explanation:
Giving the following information:
Estimated direct labor hours 250,000
Estimated manufacturing overhead costs $400,400
To calculate the predetermined manufacturing overhead rate we need to use the following formula:
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Predetermined manufacturing overhead rate= 400,400 / 250,000
Predetermined manufacturing overhead rate= $1.6016 per direct labor hour
The correct answer is that firms with market power will produce less and charge a higher price than what would be socially optimal.
Answer:
The answer is Option C
Explanation:
Any event that would either decrease the demand for loanable funds or increase the supply of loanable funds will decrease the equilibrium interest rates. Supply of loanable funds is affect by the amount of national savings. National savings in turn, is the sum of private savings, public saving and net capital inflow.
In option C, capital inflows are increasing. This means that there would be an excess supply of money in the economy which can be converted into loanable funds. This would, therefore, push the supply curve to the right thereby reducing the real interest rate equilibrium.