Answer:
Results are below.
Explanation:
<u>To calculate the direct labor rate and efficiency variance, we need to use the following formulas:</u>
Direct labor rate variance= (Standard Rate - Actual Rate)*Actual Quantity
Direct labor rate variance= (17.7 - 17.8)*7,600
Direct labor rate variance= $760 unfavorable
Actual rate= 135,280/7,600= $17.8
Direct labor time (efficiency) variance= (Standard Quantity - Actual Quantity)*standard rate
Direct labor time (efficiency) variance= (4*1,800 - 7,600)*17.7
Direct labor time (efficiency) variance= $7,080 unfavorable
By being friendly and decent
Answer: Option (A) is correct.
Explanation:
In a competitive market, when the demand curve i.e. the marginal benefit curve is exactly equal to the supply curve i.e. marginal cost curve and at this point the sum of consumer and producer surplus is maximized then an equilibrium is set in an economy and economic efficiency is obtained.
Inefficiency occurs at a point where there is a disequilibrium in an economy which means that competitive equilibrium is not achieved by the economy.
Answer:
Net foreign lending would be equal to <u>$4 billion</u>.
Explanation:
This can be computed using the formula for computing the total output of an open economy as follows:
Y = C + G + I + NX .................................. (1)
Where;
Y = Total Output = $35 billion
C = Desired consumption = $15 billion
G = Government purchases = $10 billion
I = Desired investment = $6 billion
NX = Net foreign lending = ?
Substituting the values into equation (1) and solve for NX, we have:
$35 = $15 + $10 + $6 + NX
$35 - $15 - $10 - $6 = NX
NX = $4 billion
Therefore, net foreign lending would be equal to <u>$4 billion</u>.
Answer:
The correct answer is "yes, I agree with his reasoning"
Explanation:
Zero nominal interest rate joined with a three percent inflation rate yields a negative connotation for the real rate, which is the rate that is important for investment decisiveness.
