The labor demand curve is downward sloping because as the real wage ________ the amount of labor hired _______

The United Kingdom started regulating the size of grocery stores in the early 1990s, and today, the average size of a typical

Svetradugi [14.3K]

Answer:

C. The long-run average cost of production for U.K. grocery stores is lower if there are diseconomics of scale.

Explanation:

The diseconomy of scale is called the effect that occurs in the costs of a given production. These effects generate increasing costs for the company for each unit of product that is manufactured. Specifically and technically, a diseconomy of scale occurs when a percentage increase in production is less than the percentage increase in inputs.

Since the size of the grocery stores decreases, the average costs decreases. So, The long-run average cost of production is lower when there are diseconomics of scale.

Hope this helps.

0 0

3 years ago

Bill Hickey is an employee of the Middleburg school district, and John Morgan is associated with that district as well. At meet

Ipatiy [6.2K]

Answer:

c. Bill is the superintendent of schools, and John is the chair of the school board

Explanation:

Bill is the superintendent of schools, and John is the chair of the school board

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3 years ago

EB12.

mina [271]

Answer:

The question is incomplete. The complete question is given below:

Selling Price per unit Variable cost per unit

Product

Trunk Switch $60.00 $28.00

Gas door $75.00 $33.00

Glove Box $40.00 $22.00

Answer Trunk 240 units, Gas 240 units and Box 60 units

Explanation:

The break-even point is the activity level where the total revenue of a business exactly equals its cost. At the break-even point, the total profit made will be zero. This analysis enables a firm to determine ahead the number of units to must be produced, customers that must served in order to cover its fixed costs.

Calculation

A break-even point can be calculated as follows:

For single-product scenario:

Break-even point (in units)= Total general fixed cost for the period/ (selling price-variable cost )

Multiple-products scenario= Total general fixed cost for the period/Average contribution per unit

Total general fixed costs are period costs which remain unchanged within a given activity level and cannot be traced to be incurred for a particular product.

Trunk Gas Box

$ $ $

Selling price 60 75 40

Variable cost (28) (33) (22)

Contribution per unit 32 42 18

Cont. from a mix (sp×unit) 128 168 18

Average cont. per mix = (128+168+18)/(4+4+1)= $34.89

Break-even point (in units)= $18,840/$34.89

= 540 units

Total units to be sold to break even is 540 units. This will be distributed across the three products using the sales mix as follows:

Trunk = 4/9× 540 units= 240 units

Gas = 4/9 × 540 = 240 units

Box = 1/9 *540 = 60 units

3 0

3 years ago

Scrumptious Snacks Inc. manufactures three types of snack foods: tortilla chips, potato chips, and pretzels. The company has bud

beks73 [17]

Answer:

Results are below.

Explanation:

First, we need to calculate the number of processing hours:

Processing hours= (0.25*3,000) + (0.1*6,000) + (0.3*3,500)

Processing hours= 750 + 600 + 1,050

Processing hours= 2,400

Now, we can calculate the predetermined overhead rate:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= 207,000 / 2,400

Predetermined manufacturing overhead rate=$86.25 per processing hour

To allocate overhead, we need to use the following formula:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Tortilla chips= 86.25*75= 64,687.5

Potato chips= 600*86.25= 51,750

Pretzels= 86.25*1,050= 90,562.5

Finally, the unitary cost:

Tortilla chips= 64,687.5 / 3,000= $21.56

Potato chips= 51,750 / 6,000= $8.63

Pretzels= 90,562.5 / 3,500= $25.88

8 0

3 years ago

The 4.5 percent bond of JL Motors has a face value of $1,000, a maturity of 7 years, semiannual interest payments, and a yield t

DiKsa [7]

Answer:

The current market price for the bond is $903.05

Explanation:

Steps taken to arrive at the current market price of the bond

Recall PV=present value

face value=$1000

percent bond=4.5,

A semiannual interest payments of 7 years, yielding a maturity rate of=6.23%

PV = [(.045 × $1,000)/ 2] ×{(1 - {1 / [1 + (.0623/ 2)]14}) / (.0623 / 2)} + $1,000 / [1 + .0623 / 2)]14

PV = $903.05

5 0

3 years ago

The labor demand curve is downward sloping because as the real wage ________ the amount of labor hired ________.

The labor demand curve is downward sloping because as the real wage the amount of labor hired .