When a product is recycled back into almost the same product it's called 'reuse.' There are three R's - reduce, reuse, and recycle. When a product, such as paper, is recycled and made again into paper or a paper product, this is called reuse.
Answer: Appreciate
Explanation:
When a country increases interest rates, it will lead to an appreciation in currency. This is because there will be more demand for the currency of the country because people will want to take advantage of the higher interest rates and make a gain.
As the demand for the currency increases but the supply stays the same, the value of the currency will appreciate.
With Australia taking up their interest rates, their dollar will appreciate in value.
Answer:
$192,000 unfavorable
Explanation:
The computation of the material price variance is shown below:
= Actual Quantity × (Standard Price - Actual Price)
= 24,000 pounds × ($15 per pound - $23 per pound)
= 24,000 pounds × $8 per pound
= $192,000 unfavorable
Simply we take the difference between the standard price and the actual price and then multiplied it by the actual quantity so that the accurate price variance could come
Answer:
2) Set the price of each piece of furniture equal to the marginal cost of producing it.
Explanation:
What happens in two-part tariff is that the producer recovers the entire cost of producing by charging price equal to the marginal cost.
This helps him recover cost and the entire fee the producer charges results in profits eventually. Hence, the profits is the consumer 'surplus' that we calculate given that the price of product is equal to marginal cost.
So answer here is 2- Set the price of each piece of furniture equal to the marginal cost of producing it.
