Answer:
increase in output, but not in the equilibrium price of the product.
Explanation:
The options weren't provided. The full question can be found here - https://www.chegg.com/homework-help/questions-and-answers/perfectly-competitive-industry-x-constant-costs-product-inferior-good-industry-currently-l-q39354625
An inferior good is a good whose demand increases when income falls and whose demand falls when income rises.
When average income falls, the demand for good X rises. The level of output increases as a result of the rise in demand but price doesn't change.
I hope my answer helps you.
Answer:
Debit: $300
Credit: $300
Explanation:
See attached picture for explanation.
Answer:
13.3%
Explanation:
The time in which the employee are free or not working due to halt in operation or a process. The employee are ready for work in this time and waiting for operation to start.
According to the given data
Total observations = 45 observations
Number of observation that found loader idle = 6 observations
Percentage of idle time is the ratio of number of times labor found idle to total numbers of observations.
Estimated percentage of idle time = (6 / 45) x 100
Estimated percentage of idle time = 13.3%
Answer:
Leniency
Explanation:
In business, leniency refers to a of mistake that occurred when you do not take instruction from your superior or client too seriously.
Typically, this will resulted in a confrontation since the one who pay for your labors believed that you just take their money without wanting to provide good results.
In the example above, from 30 employees, Angor rate 25 of them with an exact same rating. (8 from possible 1-10). This will most likely occur because Angor did not really use a strong/proper requirements for the scoring.
Answer:
interest amount = $874.50
Explanation:
given data
LTV loan = 80%
amount = $318,000
interest rate = 4.125% = 0.04125
to find out
interest payment the first month
solution
first we get here loan amount that is
loan amount = 80% of $318,000
loan amount = $254,400
now we get here interest amount for 1st month that is
interest amount = loan amount × interest rate × time period
put here value
interest amount = $254,400 × 0.04125 × 
interest amount = $874.50