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3 years ago

Accounting professors earn more than English professors at most universities. Explain this with a supply and demand graph.

Business

1 answer:

GenaCL600 [577]3 years ago

3 0

I will assume here (since I don't have more information) that each school needs one English and one Accounting professor, but that more people are ready to teach English than accounting (this assumption might be wrong, but it's what think)

therefore the supply is bigger for the English professors than for the Accounting professors -this means that the accounting professors can ask for bigger salary (the bigger the supply, the smaller the prize)

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Flauer [41]

Answer:

The computation is shown below:

Explanation:

a. The company overhead rate based on direct labor is

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= $1,048,000 ÷ 40,000

= $26.2 per hour

b) Overheads Rate using Activity Based Costing is

= Cost ÷ Activity level

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= $16.2 per order

For setups, it is

= $157850 ÷ 4,100 setup

= $38.5 per setup

For Milling, it is

= $395,850 ÷ 20,300 machine hours

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We simply applied the above formula so that the per unit could come

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4 years ago

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andrew11 [14]

Answer:

The incremental income from processing the oranges into orange juice would be =$51000.

Explanation:

Incremental income from further process= (Selling price per unit- Additional cost per unit)*No. of units sold

= ($66 per unit-$15 per unit)*1000 units

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3 years ago

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SIZIF [17.4K]

Answer:

"B"

Explanation:

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3 years ago

A purely competitive firm should produce in the short run if its total revenue is sufficient to cover its:

Leokris [45]

Answer:

D. total variable costs

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3 years ago