Answer:
Estimated manufacturing overhead rate=$300 per machine-hour
Explanation:
Giving the following information:
The estimated overhead costs for the year are $9,000,000.
The estimated machine hours are 30,000.
To calculate the estimated manufacturing overhead rate we need to use the following formula:
Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Estimated manufacturing overhead rate= 9,000,000/30,000= $300 per machine-hour
Answer: Option C
Explanation: Usually the demand for the goods tends to be more elastic in long run rather than the short run. In case of oil, it is not a necessary good for the daily lives of the individuals and one can survive without it and can use alternatives.
Therefore, in the long run it is more elastic as individuals will move to the alternatives of oil if its price remains high.
Hence from the above we can conclude that the correct option is C.
answer:
explanation: Pressure = force / area
P = 20/ 1×0.6
P = 20/0.6
P = 33,33 N/m^2
Answer:
c. 485,000
Explanation:
[(500,000 × 12) − (60,000 × 3)] / 12 = 485,000
Answer:
Option (c) is correct.
Explanation:
A good is rival in consumption when the consumption by one individual reduced the availability or satisfaction level to the next person and a good is not rival when the consumption of good by one individual doesn't reduce the utility obtained from the good for other individuals.
A good is excludable when a particular person is restricted from the consumption of good and a good is non excludable when one person cannot exclude others from consuming it.
There are certain examples of common resource such as:
(i) Clean water in river
(ii) Air
(iii) a fish in the ocean
All the above goods are rival in consumption and non-excludable.
Let's talk about clean water, if a person take some water from the ocean then the water available for the other persons is reduced and one person cannot exclude other person from consuming it.
