The industry is currently in long-run equilibrium. The economy now goes into a recession and average incomes decline. The result will be an increase in output, but not in the price, of the product. This is further explained below.
<h3>What is a
product?</h3>
Generally,
In conclusion, The market is in a state of long-term balance. There is currently a drop in typical salaries and the economy is entering a recession. As a consequence, production will rise without corresponding increases in cost.
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Answer: competitive inertia
Explanation: Competitive inertia or corporate inertia refers to a company that is rigid in its way of operations and refuses to change its way of thinking as per the changing norms in the industry.
In the given case, Cajemp inc. is refusing to start making building from concrete blocks in place of brick and mortar due to their positive past experiences.
Hence from the above we can conclude that the given case illustrates competitive inertia.
The viability and relevance of insurance products usually cater the preference of the insurance buyer.
For example, some buyer want to make sure that they have a safe retirement so they tend to lean towards good individual retirement policy.
Some buyer want to make sure that his/her family is taken care of if something happens to them, so they tend to seek the product with highest life coverance, etc.
Answer:
Price variance will be $4512.5 ( Unfavorable )
Explanation:
We have given standard material cost per yard = $2
Actual material cost per yard = $2.10
Standard yards per unit = 4.5
And actual yards per unit = 4.75
Units of production = 9500
Total number of actual quantity used = 9500×4.75 = 45125
So direct material price variance = ( standard price - actual price ) × actual quantity used = ( $2 - $2.1 ) × 45125 = -$4512.5
So price variance will be $4512.5 ( Unfavorable )
Answer: The correct answer is Account A.
Explanation: The best type of account for Kylie is checking account A for three different reasons.
1. She has the $500 minimum balance to open the account.
2. She plans on using her bank’s ATM to make deposits and withdrawals, which are free for this account.
3. Kylie sometimes over draws her account, and Account A offers overdraft protection.
