Answer to the question is microeconomics.
Microeconomics is a branch of mainstream economics that studies the behavior of persons and corporations in making selections related to the allocation of scarce sources and the interactions amongst these people and firms.
<h3>What is the difference between macroeconomics vs microeconomics?</h3>
Microeconomics has applications in trade, industrial organisation and market structure, labor economics, public finance, and welfare economics. Macroeconomics is the find out about of the selections of countries and governments. The term analyzes whole industries and economics instead than folks or specific companies.
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Answer:
Materials quantity variance = $2,350 F
Explanation:
Given:
Standard quantity = 3.7 kilos per unit
Standard price = $5 per kilo
Unit produced = 6,300
Total material = 23,780
Computation:
Materials quantity variance = (Actual quantity × Standard price) - (Standard quantity × Standard price)
Materials quantity variance = (23,780 × $) - (6,300 × 3.7 × $5)
Materials quantity variance = $118,900 - $116,550
Materials quantity variance = $2,350 F
Answer:
internal rate of return -16.17%
Explanation:
The internal rate of return is negative because the investment didn't receive dividends for two years. It means that the stock lost value. How much? 16.17% of its value in two years.
<h2>
34 * (1 - 16,17%) = 28.5 </h2>
In the context of the Weberian model of the U.S. class structure, Kevin most likely belongs to the
<h3>
What is Class Structure?</h3>
This refers to the different social classes in which a person belongs to based on his contributions to society and other factors which includes work hours and paycheck.
With this in mind, based on the fact that Kevin is a clerk and earns around $40,000 yearly, and has basic literacy skills, then we can categorize Kevin as a working class man.
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A perfectly competitive firm earns a profit when price is above the average total cost.
A perfect competitive firm is a firm that operates in a perfectly competitive market. A perfectly competitive market is a market where the goods and services exchanged are homogenous. There is perfect information in this type of market.
In the long run, firms in a perfect competition earn only a normal profit. If in the short run, firms are earning economic profit, new firms would enter into the market. This would wipe out economic profit. In the short run, if an economic loss is been made, firms would leave the industry.
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