This statement is true, according to the Department of health and human services. But in my opinion marriage could go either ways, you can either improve or downgrade your mental health.
Answer:
Minimum Selling Price = $3
∵ MR = P , MR ≥ MC (for sale). ∴ P ≥ MC
Explanation:
Special Order of 11000 arc printers has been recently received by Zena. Additional (marginal) cost per printer = $3 , needed for new product. Fixed manufacturing cost is constant irrespective of production level.
Price equal to Marginal Cost is the minimum condition for seller (Zen) to sell. As; in case of constant prices, price is equal to Marginal (additional) Revenue per unit sale. And, Marginal Revenue should be more than or at least equal Marginal cost to incentivise sale. If Marginal revenue from increased output unit is less than its marginal cost, the sale of that unit is loss making, & wont be done.
Answer: See explanation
Explanation:
From the information given,
Budgeted hours = 660
Budgeted rate per hour = 3.4
Budgeted rooms to clean = (600 × 60)/36 = 36000/36 = 1000
1. What is the amount of the budget variance?
This will be:
= (Actual room - Budgeted room) × Standard rate
= (1050 - 1000) × 3.4
= 50 × 3.4
= 170 favorable
2. What is the amount of the volume variance?
This will be:
= Standard cost - Actual labor cost
= (630 × 3.4) - (660 × 3.3)
= 2142 - 2178
= 36 Unfavorable
3. What is the amount of the efficiency variance?
This will be:
= 3.4 × (630 - 660)
= 3.4 × (-30)
= 10.20 Unfavorable
4. What is the amount of the rate variance?
This will be:
= Actual time ( Standard rate - Actual rate)
= 660 × (3.4 - 3.3)
= 660 × 1
= 660 Favorable
Answer:
a. We have:
Interest cost of long-term fixed-rate = $191,475
Interest cost of short-term variable-rate = $192,51
b. Long-term fixed rate plan is less costly
Explanation:
a. Determine the total interest cost under each plan.
Interest cost of long-term fixed-rate = Amount required to be borrowed * Fixed interest rate per year * Number of years = $690,000 * 9.25% * 3 = $191,475
Interest cost of short-term variable-rate = (Amount required to be borrowed * First year interest rate) + (Amount required to be borrowed * Second year interest rate) + (Amount required to be borrowed * Third year interest rate) = ($690,000 * 7.50%) + ($690,000 * 12.15%) + (($690,000 * 8.25%) = $192,510
b. Which plan is less costly?
Since the $191,475 interest cost of long-term fixed-rate is less than $192,510 interest cost of short-term variable-rate, this implies that long-term fixed rate plan is less costly.
Increase; increase
being a perfect substitute for tea when the price of coffee increases the market price also increases and the market quantity of tea also increases as it is relatively cheaper than coffee.
Substitute Goods:
A substitute good can also be a service rather than just a tangible item. It is actually defined as a good or service that replaces another. For instance, more customers may choose to go to Burger King or KFC when the price of McDonald's rises. A similar product that can be used in place of another is what is meant by a substitute good, to put it another way. In other words, it resembles it enough to serve the same purpose. For instance, since both the iPhone and the Galaxy Note function as mobile phones, they both serve as substitutes
Substitute goods ensure there is a competitive environment. This is important because it helps keep prices down, and quality up.
Learn more about substitutes here:
brainly.com/question/14665758
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